East News

Everest Insurance Hires King to Life Sciences Team in Massachusetts

Everest Insurance has hired Jennifer King to its Life Sciences team based in the company’s Boston, Mass., office. In this role, King will have underwriting responsibility for the recently-launched Life Sciences multiline package product. She has nearly a decade of …

Loss-Cost Reduction for Workers’ Comp Insurance Approved in Pennsylvania

Pennsylvania Insurance Commissioner Jessica Altman has approved a loss-cost filing, including a 12.95% reduction in loss-costs – a component in determining workers’ comp insurance rates paid by businesses. This reduction is expected to lead to lower premiums for many Pennsylvania …

Hutchinson Rejoins Hub Northeast as Executive Vice President of Commercial Lines

Hub International Northeast Limited, a subsidiary of the global insurance brokerage, risk advisory and employee benefits firm, Hub International Limited, has re-hired James Hutchinson as executive vice president of Commercial Lines. In this role, Hutchinson will report directly to Paul …

Virginia Woman Accused of Embezzling $93K from Company for Wedding

A Virginia woman is accused of embezzling more than $93,000, which she allegedly funneled toward her wedding, among other expenses. News outlets report 32-year-old Vanessa Cline worked as a bookkeeper for No Limits Construction, replacing another who was convicted of …

AssuredPartners Acquires Connecticut’s Goodworks Financial Group

AssuredPartners Inc. has acquired Goodworks Financial Group of Glastonbury, Conn. Following the acquisition, Goodworks Financial Group’s team of 14 employees across multiple cities and offices in the Eastern region will remain under the operational leadership of Dennis Dressel and Paul …

Maine’s The MEMIC Group Appoints Roberts, Michaud as Directors

Workers’ compensation specialist The MEMIC Group has appointed Amanda Roberts as director of financial reporting, in which she will oversee its financial forecasting, budgeting and general ledger reconciliation. Roberts has more than 20 years of experience in finance, accounting and …

Rhode Island’s Starkweather & Shepley Elects Meacham to Board of Directors

Starkweather & Shepley Insurance Brokerage Inc. (S&S) has elected Patrick Meacham to the board of directors. Meacham, senior vice president of Transportation Risks Solutions, has more than 20 years of experience with S&S providing risk management and loss control for …

Vermont Sues Two Prescription Opioid Distributors

Vermont filed a lawsuit against two pharmaceutical distributors, accusing them of selling ever-increasing amounts of prescription opioids in the state while failing to effectively monitor and control the sales and acknowledge the quantity of pills was outpacing the need. The …

Massachusetts Insurance Agency CEO Charged in $270K Insurance Fraud Scheme

The president and CEO of a Taunton, Mass., insurance agency has been indicted in connection with an alleged embezzlement scheme that left client companies uninsured. David Pietro of Sandwich, Mass., and his company, DGP Miles Insurance Agency of Taunton, were …

Purdue Pharma Owners Sued by New York Over Opioid Addiction Epidemic

The billionaire owners of Purdue Pharma LP were sued by New York state for allegedly triggering a U.S. addiction epidemic with their marketing of the Oxycontin painkiller, just two days after the company agreed to pay $270 million to settle …

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