East News

Rhode Island Bus Service, Health Insurer Sued Over Data Breach

Two people whose personal information was compromised in a data breach at Rhode Island’s public bus service that affected about 22,000 people sued the agency and a health insurer this week seeking monetary damages and answers. The class-action suit filed …

New York’s High Court Upholds Insurance Regulation Opposed by Agents

New York insurance agents have lost their bid to overturn a state consumer regulation governing the sale of life insurance and annuity products that they believe is vague and exceeds the state insurance regulator’s authority. The Regulation 187 that agents …

Risk Strategies Acquires Actuarial Firm Aquarius Capital

Specialty insurance broker Risk Strategies announced it has acquired Aquarius Capital Solutions Group, an actuarial firm focused on health care, employee and retirement benefits. Founded in 2002 and based in Port Chester, New York, Aquarius Capital provides actuarial consulting solutions …

A Decade After Sandy, New York City Resiliency Projects, Spending Lag: Comptroller

Ten years after Superstorm Sandy pounded New York City’s coastal areas, taking 43 lives and causing $19 billion in damages, many resiliency projects remain years from completion and billions of dollars in recovery funds remain unspent. According to a report …

New England Patriots Owner Alleges Insurer Fumbled Media Liability Claims

Kraft Sports and Entertainment, owner of the NFL’s New England Patriots, has sued Hiscox Insurance alleging the insurer has failed to respond under media liability insurance policies to multiple claims of copyright infringement brought against the sports company. Kraft Sports, …

Renaissance Alliance Adds 3 New York Agencies to Its Network

Independent insurance agency network Renaissance Alliance reports that it has expanded its presence in New York by adding three agencies to its membership. The newest members are Fraleigh and Rakow, with office locations in Rhinebeck, Millerton and Pine Plains; John …

Lawyer Is Latest to Plead Guilty in $31M Trip-and-Fall Insurance Fraud Scheme

A New York lawyer pled guilty Monday in connection with a scheme to obtain millions of dollars in fraudulent insurance reimbursements and other compensation from fraudulent trip-and-fall accidents Damian Williams, the U.S. Attorney for the Southern District of New York, …

Nurse Practitioner Pleads Guilty in $4.4M Health Care Fraud

A nurse practitioner has pleaded guilty to fraudulently billing commercial health insurers and Medicare nearly $4.4 million for services that he never provided to patients as he had claimed, federal prosecutors said. Alexander A. Istomin, 56, routinely submitted fraudulent claims …

Contractor Hits a Wall as Insurer Denies Rectification Coverage Claim

A Maryland general contractor has spent almost $10.5 million to fix an improperly installed concrete wall system in a school it was hired to build and wants its insurer to reimburse it under a rectification expense coverage in its professional …

Maryland to Audit Deaths of 100 People Held in Police Custody

Maryland will review about 100 autopsies of people who died in police custody involving physical restraint because of concerns about the state’s former medical examiner’s testimony in the death of George Floyd, the state’s attorney general said. A team of …

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