East News

New Jersey Weighs Expanding Flood Buyback Program After Ida

Liz Sawyer called Manville, New Jersey, home for more than two decades when Ida became the latest storm to send flood waters crashing into her house. For her and her family it will – she hopes – be the last …

Former New York Insurance Broker Sentenced to Prison for $1M Fraud Scheme

A former insurance broker is going to prison for defrauding insurance companies and individual investors out of more than $1 million. U.S. Attorney James P. Kennedy, Jr. announced that Brian Bartz of Rochester, New York, who was convicted of wire …

New York’s Bolton Street Programs Rebrands, Implements New Technologies

Bolton Street Programs, a new Woodbury, New York-based program administrator that creates and administers affinity programs, is working to integrate insurtech, resinsurance, E&S options and loss control throughout its suite of programs. The announcement was made by Bolton Street Programs …

After Northeast Flooding, Insurance Woes Swamp Residents

After being pummeled by two tropical storms that submerged basements, cracked home foundations and destroyed belongings, Northeastern U.S. residents still in the throes of recovery are being hit with another unexpected blow: Thousands of families are now swamped with financial …

‘Things Are Dire’: $16B Bay Flood Plan for Worst New Jersey Storms

Federal officials on Tuesday warned of a “dire” situation that is likely to get worse as they explained details of a $16 billion plan to lessen back bay flooding, one of the major sources of storm damage at the Jersey …

People Moves: Promotions at IAT Insurance Group, RT Specialty

IAT Insurance Group Promotes Rudd within Excess and Surplus Business Unit IAT Insurance Group, a provider of specialty property/casualty and surety products, promoted Coy Rudd to lead the insurer’s excess and surplus business unit as executive vice president. IAT’s E&S …

Two Men Hurt in Fall from Balcony at Maryland Home

Two men were hospitalized with life-threatening injuries after a fall from a second-story balcony at a Maryland home, authorities said. Montgomery County Fire and Rescue spokesperson Jason Blake said the men fell at a Clarksburg home on Monday morning, taking …

Maryland Couple Indicted in $20M Insurance Fraud Scheme

A federal district court in Baltimore, Maryland, unsealed an indictment charging a Maryland couple with conspiracy to commit insurance fraud and related charges for money laundering, filing false tax returns and identity theft. The indictment charges that from 1996 to …

Questions on $16B Plan to Ease Back Bay Flooding at New Jersey Shore

A proposed $16 billion billion plan to address back bay flooding, one of the major sources of storm damage at the Jersey Shore, is raising concerns about where water would go during storms, whether barriers proposed as part of it …

New Hampshire Governor Asks for Second Disaster Declaration After More Storms

New Hampshire Governor Chris Sununu on Monday requested a federal disaster declaration for New Hampshire as a result of storms and flooding that happened July 29-Aug. 2, a week after he asked for one covering storms from mid-July. Sununu’s letter …

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