East News

Mayor Establishes D.C. Financial Services Regulatory Sandbox, Innovation Council

District of Columbia Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council. The council is charged with studying and reporting on the feasibility of implementing a financial services regulatory sandbox in the District …

Pennsylvania’s Ascinsure Specialty Risk Promotes Keinard

Ascinsure Specialty Risk LLC has promoted Steve Keinard as its assistant vice president and underwriting manager. Within this new role, Keinard will provide leadership, support and guidance to Ascinsure’s underwriting team. Joining Ascinsure as a senior underwriter in January 2018, …

Insurance Fraud Case in New York May Impact First Party No-Fault Benefits

A high-profile insurance fraud case on appeal in New York is being closely watched by fraud fighters across the country for the impact the decision will have on no-fault law. The case, Andrew Carothers, M.D., P.C. v. Progressive Insurance Company, …

Federal Preliminary Report on New York Limo Crash Offers No Cause Yet

The National Transportation Safety Board’s probe of a fatal limousine crash in upstate New York has not yet identified a cause, according to a preliminary report released Monday, after weeks of wrangling between federal inspectors and a local prosecutor over …

N.J. Woman Charged in Scheme to Steal $175K from Insurance Annuity Policies

A New Jersey woman has been charged with insurance fraud and other offenses in an alleged scheme to steal more than $175,000 from the insurance annuity policies of two individuals. Vashanta Stroud-Bennett, 45, of Paterson, N.J., was charged with second …

National Insurance Firm Alera Group Acquires New Jersey’s Broad Reach Benefits

Alera Group, a national insurance firm, has acquired Broad Reach Benefits LLC, effective February 1, 2019. Terms of the transaction were not announced. Broad Reach Benefits, headquartered in Madison, N.J., offers a range of employee benefits services and assists its …

Narragansett Bay Insurance Company Relocates Corporate Offices in Rhode Island

Narragansett Bay Insurance Company (NBIC) has relocated its corporate offices to the Northwoods Office Park in Johnston, R.I. NBIC is a provider of homeowners insurance in Rhode Island and the Northeastern U.S., with business in Rhode Island, Connecticut, Massachusetts, New …

Brown & Brown Metro Acquires Pennsylvania’s Smith Insurance Associates

Brown & Brown Metro LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of Smith Insurance Associates Inc. Smith Insurance is a family owned agency with more than 35 years of experience, providing a …

National Transportation Safety Board Investigating Worker Death in Maryland

Federal officials are investigating after a railroad worker was killed at a Baltimore, Md., railyard. National Transportation Safety Board spokesman Keith Holloway said by telephone that a Norfolk Southern worker was fatally injured Thursday morning at the Bayview railyard during …

Virginia Honors Independent Agents for Efforts to Fill Flood Insurance Gaps

The Virginia House of Delegates passed a joint resolution that would designate the first full week in March each year as Trusted Choice Independent Insurance Agents Week beginning in 2019. HJ 703, introduced by Del. Buddy Fowler (R-Ashland), recognizes the …

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