East News

Alliant Hires Rossi Capital Partners’ Rossi as Vice President in New York

Alliant has hired Francis Rossi as vice president. In this new role, the New York-based property and casualty insurance veteran will deploy his experience in finance, insurance and risk management to a portfolio of clients. Prior to joining Alliant, Rossi …

Alera Group Acquires New York City’s Phalanx Healthcare Solutions

Alera Group, a national insurance firm, has acquired Phalanx Healthcare Solutions LLC, effective March 1, 2019. Located in New York City, Phalanx is an insurance and reinsurance broker of medical malpractice insurance for healthcare facilities, large physician groups and individual …

New Jersey Men, Associated Companies Charged in $1.4M Insurance Fraud Scheme

Four New Jersey men and six of their associated businesses were charged with first-degree conspiracy and money laundering in connection with a bank scheme involving the deposit of nearly $1.4 million in phony or forged checks related to insurance claims. …

New Hampshire’s The Concord Group Promotes McCabe, Nolin

The Concord Group Insurance Companies has appointed Daniel L. McCabe as the president and CEO of the Concord, N.H.-based company. McCabe will serve on the board and executive committee. Most recently, McCabe acted as senior vice president and chief operating …

Lockton Affinity to Administer Westport Lawyer PL Program in Pennsylvania

Lockton Affinity will be the new program administrator for the Westport/Swiss RE’s Lawyer Professional Liability insurance in Pennsylvania, effective June 1, 2019. This program offers a comprehensive professional liability product for lawyers through Westport with program administration from Lockton Affinity. …

N.Y. Cyber Reg: A Third-Party Service Provider Compliance Framework

This writing presents a framework that if adopted by insurance agencies and carriers could simplify and minimize the cost of complying with the New York Department of Finance Regulation 23 NYCRR Section 500.11 “Third-Party Service Provider Security” while simultaneously deploying …

Pennsylvania Treatment Firm Accused of Exploiting Addicts, Insurers

The Pennsylvania attorney general’s office charged the co-founder and former executives of an addiction treatment firm and accused them of profiting off addicts by fraudulently billing insurance companies for tens of millions of dollars, with seeming little regard for the …

Coface Appoints Haigley as Vice President in Maryland

Coface, a global credit insurer, has appointed Paul C. Haigley III as its vice president of broker and financial institutions relationship management in the U.S., based in the firm’s Maryland office. In this new role, Haigley will be leading a …

Liberty Mutual Names Proctor as Branch Executive in the Mid-Atlantic Region

Liberty Mutual has named Kelly B. Proctor as branch executive in the Mid-Atlantic region, serving Maryland, Washington, D.C., and Virginia. In this role, Proctor will partner with key brokers in her territory to provide a range of commercial and specialty …

New Jersey Legal Marijuana Bill Pulled Over Lack of Support

New Jersey’s planned legislative vote on legalizing recreational marijuana was canceled as Senate President Steve Sweeney said it didn’t have enough support to pass. The bid to end the state’s prohibition was supported by Governor Phil Murphy, fellow Democrats who …

East News Archives by Month