Specialty insurer Hiscox has appointed Carl Bach as branch manager of the firm’s New York insurance operation. Bach, executive vice president, will oversee the development and management of broker relationships and managing business operations for the New York region, which …
What do a pizza maker, insurance underwriter and a podiatrist have in common? In New York, at least, they were among the 499 people convicted of insurance fraud last year, according to the state’s insurance department, amid a troubling spike …
A lawsuit brought by Massachusetts residents who say their property values dropped after a barge spilled nearly 100,000 gallons of oil in Buzzards Bay in 2003 is scheduled to start. The New Bedford Standard-Times reports that the class action suit …
An investigator looking at last month’s fire that destroyed a block of buildings along New Hampshire’s Hampton Beach estimates the damage to be at least $9.5 million. Hampton Fire Prevention Officer Jon True says that number takes into account the …
Two former owners of a temporary employment agency in Massachusetts have been charged with paying more than $24 million in unreported cash to employees as part of a conspiracy to avoid paying more than $7 million dollars in taxes, and …
New Jersey-based Synergy Professional Associates has hired Thomas Dattoli as manager of its professional liability unit. Dattoli will be responsible for underwriting professional and excess liability for lawyers, and underwriting Synergy’s insurance agents and brokers professional liability program for MGAs …
The Massachusetts Congressional delegation has asked President Barack Obama to issue a disaster declaration after last week’s flooding. Ten inches of rain fell in Massachusetts over three days, causing floods that damaged homes and businesses around the state. Sen. John …
A Connecticut State Senator thinks things have become too chummy between the state’s insurers and the commissioner of the state’s insurance department. To fix it, he says he would like to make the commissioner’s office an elected position. Senator Edward …
Brown & Brown Inc. will acquire New Jersey-based Excel Underwriters Alliance Inc. and Spirit Underwriters Inc., the Florid-based brokerage announced. Terms of the transaction were not disclosed. Excel and Spirit offer professional liability, directors and officers (D&O) liability, employment practices …
New York police say dozens of partying teenagers caused more than $200,000 in damage at an unoccupied house in suburban Albany. Police in North Greenbush say the damage was done during a party on the night of Feb. 17, when …
