East News

New York Insurance Fund Refunds $550M to Employers for Workplace Safety

The New York State Insurance Fund reported that it returned more than $550 million over the past year to businesses through its workers’ compensation safety discounts and dividends programs. The state agency provides dividends for companies that belong to a …

Hub Buys Delaware’s KT&D

Insurance broker Hub International Limited has acquired KT&D, Inc. in Wilmington, Delaware. Terms of the transaction were not disclosed. KT&D provides multi-line insurance services, including medical malpractice, commercial and personal, and employee benefits coverage. Scott Yerkes, CEO, and Kelly McGovern, …

People Moves: MEMIC Welcomes Safety National’s Hoff; Delaware to Name New Captive Chief; Arthur Hall Names Mackarevic Partner

MEMIC Names Hoff Vice President of Loss Control and Safety The MEMIC Group has named Maryann Hoff, a 17-year insurance industry veteran, its new vice president of loss control and safety. Hoff comes to MEMIC from Safety National Casualty Corp., …

Partial Legal Settlement Over 2018 Killing of Maryland Teen Targets Police Reforms

Family members of Anton Black and the Coalition for Justice for Anton Black announced they have resolved part of their federal court litigation charging police and municipal officials in three Maryland communities with the unconstitutional killing of the Black teenager …

Cross Insurance Acquires Maine Insurance Agency

Cross Insurance reported it has acquired Maine Insurance Agency of Portland. The acquisition of Maine Insurance Agency, a fifth-generation family-owned business, expands the coastal region division of Cross. Founded in l905, Maine Insurance Agency offers insurance for homes, autos, recreational …

Sesame Place to Train Workers on Diversity After $25M Lawsuit

PHILADELPHIA (AP) —Sesame Place has announced the implementation of diversity and inclusion training for its employees following a $25 million class-action lawsuit alleging multiple incidents of discrimination after outcry sparked from a video of a costumed character snubbing two 6-year-old …

AM Best Revises Mid-Hudson Group Outlooks to Negative, Affirms Ratings

AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Claverack Cooperative Insurance Co., Midrox Insurance Co. and Mid-Hudson Co-Operative Insurance …

Providence Police Seek to Fire Officer After Video Shows Excess Force

A Rhode Island police department is seeking to fire an officer after video showed him smashing a handcuffed man’s face into the pavement during a fireworks celebration on Fourth of July weekend. The Providence Police Department said Friday that Capt. …

Jury Acquits Truck Driver in 2019 New Hampshire Crash That Killed 7 Motorcyclists

A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in northern New Hampshire that exposed fatal flaws in the processing of license revocations across states. Volodymyr Zhukovskyy, 26, …

Runoff Specialist RiverStone Buying Vermont Captive Insurer Western P&C

RiverStone, the U.S. insurance runoff specialist of the Fairfax insurance group, announced a tentative agreement to acquire Western Property & Casualty Insurance Co. to be effective this month. The shareholders of Western P&C will enter into a stock purchase agreement …

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