East News

Affinion Group Closes Sale of Insurance Division to New York’s Mill Point Capital

Affinion Group, LLC, a subsidiary of Affinion Group Holdings Inc., has closed the previously announced sale of its insurance division, Affinion Insurance Solutions, to an affiliate of Mill Point Capital. As a result of the sale, Affinion Group will operate …

New Hampshire Workers’ Comp Rates May Decrease for Seventh Year in a Row

New Hampshire employers could pay less for their workers’ compensation insurance next year because of a filing that lowers the loss costs insurers use to develop prices. The National Council on Compensation Insurance (NCCI) filed a rate proposal with the …

Settlement Reached in New York Kayak Drowning Case

A lawsuit settlement has been reached in a New York kayak drowning after the victim’s fiancee served prison time for criminally negligent homicide. The family of Vincent Viafore had filed a wrongful death lawsuit to prevent Angelika Graswald from collecting …

The Professional Insurance Agents of New Jersey Names Monacelli PIA National Director

The Professional Insurance Agents of New Jersey has named Paul Monacelli as its PIA national director. Monacelli is CEO of ADP/Statewide Insurance Agencies Inc. in Florham Park, N.J. With more than four decades of experience in the insurance industry, Monacelli …

New York Sues OxyContin Maker Purdue Pharma Over Opioids

New York state on Tuesday sued Purdue Pharma LP, accusing the OxyContin maker of widespread fraud and deception in the marketing of opioids, and contributing to a nationwide epidemic that has killed thousands. The state blamed Purdue for running what …

Pennsylvania’s The Beacon Group Announces Senior-Level Promotions

The Beacon Group of Companies, an independent financial services firm, has announced senior-level promotions within its Institutional Retirement Plan Practice. Mark W. Schatzel has been promoted to the role of managing director of retirement plan sales and services. Schatzel will …

Bus Hits Overpass at Newark Penn Station, Dozens Injured

A bus hit an overpass at Newark’s Penn Station, peeling back part of its roof and injuring dozens of passengers. Officials say about 50 people were on the bus, which was headed to New Jersey from Washington, when it hit …

Officials Say Underground Fire at Pennsylvania Glass Plant May Be Spreading

Officials fear that an underground coal refuse fire at the site of a soon-to-be-shuttered glass factory in western Pennsylvania may be spreading. Workers say fire was seen shooting up through the ground behind the Pittsburgh Glass Works plant in East …

Virginia Forms Task Force to Block Worker Misclassification

Virginia Governor Ralph Northam has signed an executive order establishing a task force to come up with a plan to prevent worker misclassification and payroll fraud. The state estimates that the misclassification of employees as independent contractors costs Virginia as …

School Bus Overturns on New Jersey Turnpike, 36 People Hurt

Officials say a school bus taking families home from a picnic crashed on the New Jersey Turnpike, sending dozens of people to the hospital with non-life-threatening injuries. Newark Mayor Ras Baraka says the bus was returning to Newark from his …

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