East News

Virginia Begins Hurricane Preparedness Sales Tax Holiday May 25

The state is giving Virginia residents an incentive to prepare for hurricane season. Virginia’s Hurricane Preparedness Sales Tax Holiday begins May 25 and runs through May 31. During the weeklong holiday, state and local sales taxes won’t be collected on …

Delaware Diocese Weighs Selling Assets to Pay Abuse Settlements

The Catholic Diocese of Wilmington, Delaware, may have to sell assets to pay for settlements in child sexual abuse cases. Bishop Francis Malooly says settlements will probably exceed $9 million next month. But Diocesan spokesman Robert Krebs says officials won’t …

Brannan Joins Narragansett Bay Insurance Co.

Narragansett Bay Insurance Co. (NBIC) has named Robert Brannan assistant vice president-territory manager for New York. Brannan has 26 years of management experience in marketing, underwriting, and policy services for personal lines insurance. In his new position, he is responsible …

AIG Puts Vermont Ski Resort on the Block

Bailed-out insurance giant American International Group Inc. says it’s taking offers for Stowe Mountain Resort in Vermont. AIG spokesman Peter Tulupman confirmed that the resort went up for sale Wednesday but gave few other details. He said AIG, which is …

Delaware Senate Committee Rejects Anti-Discrimination Bill

The Delaware state Senate once again has blocked passage of a bill outlawing discrimination based on sexual orientation in Delaware. The bill, which passed the House in March, was the subject of a hearing Wednesday by the Senate executive committee. …

Massachusetts Settles Bid-Rigging Suit against Great American Insurance

Massachusetts Attorney General Martha Coakley says her office has settled a bid-rigging lawsuit lodged against Ohio-based Great American Insurance Co. The suit resolves allegations the insurer submitted a fake and intentionally uncompetitive insurance quote to Analog Devices Inc. of Norwood, …

DCAP Morphs from Agency Franchiser into Insurer

DCAP Group Inc., an upstate New York franchiser of independent agencies, is ditching its franchise insurance business as part of a strategic move to exit the retail insurance business as it morphs into a reconstituted property/casualty insurer. The move comes …

Hanson Named Chief Operating Officer at ProMutual in Boston

Boston-based medical liability insurer ProMutual Group has appointed Gregg L. Hanson as chief operating officer. Hanson previously served as the company’s senior vice president of Underwriting and also supervised the Marketing, Risk Management and Physician Education Departments. In his new …

Judge Tosses Most Supermarket Data Breach Claims

Only those customers who weren’t reimbursed for fraudulent charges may sue the Hannaford Bros. supermarket chain over a data breach that exposed 4.2 million credit and debit card numbers to computer hackers, a federal judge has ruled. The decision by …

String of Suspicious Fires Strikes New Hampshire Town

Four fires — three considered suspicious — have kept firefighters busy in Berlin, New Hampshire over the past several days. Officials said Berlin has been dealing with chronic arson for the past seven years. WMUR reports some have said that …

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