East News

Risk Strategies Acquires North American Units of H.W. International

Global specialty brokerage Risk Strategies reported that it has acquired the U.S. and Canadian operating entities of global insurance holding company, H.W. International B.V. Based in New York City, Hugh Wood Inc. (U.S.) provides commercial lines, personal lines, and group …

Too Much Atlantic in Atlantic City: Beach Erosion Has Casinos Desperate for Sand

The ocean and beaches have always been a part of Atlantic City’s identity: from salt water taffy to Miss America bathing beauties to the name of the place itself, the city has been marketed as a place to have fun …

Feds Say University of Maryland Failed to Stop Harassment by Swim Coach

The University of Maryland, Baltimore County violated federal regulations by failing to protect students from sexual harassment and discrimination at the hands of the school’s former head swim coach, a U.S. Department of Justice investigation found. The results of the …

Alkeme Acquires New Jersey’s Wharton Lyon & Lyon Agency

California-based insurance broker Alkeme reported the acquisition of Wharton Lyon & Lyon, a retail insurance agency headquartered in Livingston, New Jersey. Founded in 1912, Wharton Lyon & Lyon is a third-generation insurance agency providing risk management services along with property/casualty, …

Internet Firms Must Face Defective Product Liability Suit Over Buffalo Mass Shooting

A New York state judge has allowed a case seeking to hold social media companies liable in the tragic mass killing at a Buffalo supermarket in 2022 to go forward on grounds of product liability. Erie County Supreme Court Judge …

Supreme Court Seems to Favor NRA in Free Speech Case Against Insurance Regulator

Supreme Court justices appeared receptive Monday to National Rifle Association claims that a former New York state official violated its free-speech rights by pressuring banks and insurance companies to blacklist the group after the deadly school shooting in Parkland, Florida. …

Member of Major Catalytic Converter Theft Crew Sentenced to More Than Three Years

A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized theft crew that stole catalytic converters from nearly 500 vehicles, robbed jewelry stores and stole banks automatic teller machines. Nicolas …

NAIC Names Bay State Insurance Commissioner as CEO

The National Association of Insurance Commissioners over the weekend announced Massachusetts Insurance Commissioner Gary D. Anderson as the organization’s chief executive officer. Anderson will start leading the NAIC by May 1, after completing his service as the Massachusetts Insurance Commissioner. …

New Jersey Property Flood Risk Disclosure Law Going Into Effect

A New Jersey law requiring residential and commercial landlords and sellers of real estate to disclose any flood history and potential flood risks to prospective renters and purchasers goes into effect Wednesday, March 20. Prior to the adoption of the …

People Moves: Woodruff Sawyer Opens New York Office Headed by 6 Acrisure Hires

California-based independent insurance broker Woodruff Sawyer announced it is expanding its East Coast footprint with the addition of six executives formerly with insurer Acrisure. According to the announcement, Matthew Kelly, Robert Trager, Bob Kempner, Chris Iovino, Eric Wagner, and Michael …

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