East News

The Hilb Group Acquires Maryland’s PSA Insurance & Financial Services

The Hilb Group brought PSA Insurance & Financial Services into its portfolio, further strengthening its presence in the Mid-Atlantic region as well as building on its range of employee benefits, commercial and personal insurance products and services. The transaction became …

Former Maryland Public Adjuster Sentenced for Theft, Insurance Fraud

A former Maryland public adjuster has been sentenced for theft and insurance fraud. Tashoia Starr Grant, of Street, Maryland, was sentenced on two counts of theft scheme with a value between $10,000 but less than $100,000, and two counts of …

Restaurant Owner, Niece Face Prison for Arson, Insurance Fraud

A New York restaurant owner and his nephew’s wife are facing up to 25 years to life in prison after being charged with first degree arson. Zef Gjurashaj, of Newburgh, and his nephew’s wife, Marina Gjurashaj, of Yonkers, were indicted …

Suit Filed Over Inmate Death in Vermont Alleges Racism and Negligence

The estate of a Black man who died in custody at a Vermont prison is suing, alleging racism and negligence. The lawsuit, reported by VTDigger, was filed this week in Washington County Superior Court, alleging that the Vermont Department of …

Regulators to Investigate Claims Against Central Maine Power Parent in Suit

Maine utility regulators will investigate allegations raised in a lawsuit against the parent company of Central Maine Power. The investigation by the Maine Public Utilities Commission will focus on whether Avangrid’s expenditures are being passed on to CMP customers, or …

Credible Acquires Digital Insurance Marketplace Young Alfred

Credible, a digital lending marketplace, acquired Young Alfred, a digital insurance marketplace. Credible provides consumers with personalized and prequalified rate options when shopping for student loans, personal loans and mortgages. This acquisition will now give Credible users the same experience …

Maine Roofing Contractor Found Not Guilty in Death of Worker

A jury has found that a roofing contractor in Maine is not guilty of workplace manslaughter for the 2018 death of a worker. The Portland Press Herald reports that the jury reached its verdict at the Cumberland County Courthouse. Shawn …

Jury Awards $1.7M to Massachusetts Teacher Who Alleged Discrimination

A jury has found that school officials in Boston, Massachusetts, retaliated against a teacher for exercising his legal right to raise concerns about workplace discrimination without fear of retribution, awarding him $1.7 million. The Boston Globe reports that Charles Sherman …

A.M. Best Affirms Ratings for The Concord Group Insurance Companies

A.M. Best has affirmed the financial strength rating (FSR) of A+ (superior) and the long-term issuer credit ratings (long-term ICR) of “aa-” for the members of The Concord Group Insurance Companies. The rating actions reflect Concord Group’s balance sheet strength, …

World Insurance Associates Acquires New Jersey’s E&K Insurance Group

World Insurance Associates LLC (WIA) acquired E&K Insurance Group of Eatontown, New Jersey, on December 1, 2021. Terms of the transaction were not disclosed. E&K was founded in 1930 by two entrepreneurs who established E & K Insurance Group in …

East News Archives by Month