East News

Trump Avoids ‘Corporate Death Penalty’ in Civil Fraud Case, But Business Still Slammed

Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans …

Maryland Issues Insurance Scam Warning for Businesses

The Maryland Insurance Administration (MIA) is warning of an insurance-related scam targeting small painting, construction, and cleaning businesses. MIA advises businesses that are contacted by anyone offering to purchase general liability or workers’ compensation insurance to not give out any …

New Bill Would Still Permit Smoking in Atlantic City Casinos But With More Restrictions

Atlantic City casinos would be able to continue to allow gamblers to smoke on the casino floor under a new bill that would impose additional restrictions on lighting up. New Jersey state Sen. John Burzichelli introduced a bill Monday giving …

Pennsylvania’s State Courts Restore Website Services Disrupted by Cyber Attack

The Pennsylvania state court system has restored all of its digital platforms that were disrupted by a February 4 cyber attack. In an update, Chief Justice Debra Todd reported that the system’s news, statistics, court opinions and the civics educational …

People Moves: Swanick and Hayes Join Centri; Haan Heads World Insurance HR; Carson Joins Risk Strategies

Swanick and Hayes Join Centri Centri Business Consulting, headquartered in Philadelphia, hired John Swanick as senior director and Joe Hayes as managing director to lead its insurance practice. Swanick and Hayes bring over 70 years of combined insurance and financial …

New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim

New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of a virus, to trigger coverage under a commercial property policy for COVID-19 business interruption losses. The Court of Appeals upheld …

New York City Sues Social Media Platforms Over Teen Mental-Health Concern

New York City joined a growing chorus of states, cities and school districts suing social media companies over claims that their platforms are fueling a mental-health crisis among teens, alleging that Meta Platforms and others exploit children and adolescents. The …

Bankruptcy Judge Permits Insurance Payments for Bed Bath & Beyond Executives

The directors and officers of Bed Bath & Beyond will have their legal costs related to the retailer’s bankruptcy covered under a Zurich American Insurance policy. U.S. Bankruptcy Judge Vincent F. Papalia has stipulated that Zurich Insurance can issue payments …

People Moves: Kestenbaum to Manage New Burns & Wilcox Boston Office; ShoreOne Names Voss Claims Officer

Burns & Wilcox Names Kestenbaum Managing Director of New Boston Office Insurance broker Burns & Wilcox, headquartered in Farmington Hills, Michigan, named Peter Kestenbaum managing director of its new Boston office. Kestenbaum joins Burns & Wilcox with nearly 20 years …

Vermont’s Consumer Protection Suit Against Energy Firms Returned to State Court

The federal district court in Burlington, Vermont recently granted the state attorney general’s motion to return the state’s consumer protection case against Exxon and other fossil fuel producers to state court. The federal court said that since the case is …

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