East News

Agency Network Exchange Hires Foley in New Jersey

Agency Network Exchange LLC (ANE) has added Linda Foley as director of field operations based in New Jersey. In this role, she will work with member agencies to develop and implement growth plans and maintain agency relationships. She will also …

New Jersey’s APIC Appoints Hicks as Company Controller

American Property Insurance Company (APIC), a licensed and admitted commercial insurance carrier headquartered in Eatontown, N.J., has appointed Steven T. Hicks as company controller. Reporting to the chief financial officer, Hicks will supervise internal management information reporting as well as …

Cook Maran & Associates Acquires New York’s Joseph P. Price Agency

Cook Maran & Associates, a New York and New Jersey insurance broker and the New York metropolitan area platform for Prime Risk Partners (PRP), has acquired Joseph P. Price Agency (Price). Price is a Long Island, N.Y.-based insurance agency that …

Fired Worker in Massachusetts Argues Pot Use Didn’t Violate Company Policy

A Massachusetts woman who was fired by a food services company for her recreational marijuana use says she was wrongfully terminated. The Eagle-Tribune reports that 55-year-old Bernadette Coughlin was fired last month from her job as a supervisor with Sodexo …

First Driverless Shuttle Demonstration Held in NYC by COAST Autonomous

New York City’s first driverless shuttle has arrived. In Times Square, a self-driving P-1 shuttle from COAST Autonomous was demonstrated Tuesday along an approximately 150-yard course. “It’s historic,” said Pierre Lefevre, inventor of the first low speed autonomous shuttle and …

Massachusetts’ Arbella Insurance Appoints O’Donoghue as AVP of Sales, Marketing

The Arbella Insurance Group has appointed Andrew O’Donoghue to the position of assistant vice president of sales and marketing. In this role, O’Donoghue will report to Steve Jacobs, vice president of sales and marketing, and will continue to work closely …

Risk Strategies Acquires Maryland’s Oxford Risk Management Group

Risk Strategies, a Boston, Mass.-headquartered, privately held national insurance brokerage and risk management firm, has acquired Oxford Risk Management Group, a Sparks, Md.-based provider of alternative risk and captive insurance and consulting. Terms of the deal were not disclosed. Established …

Business Council Touts Workers’ Comp Savings in New York

The Business Council of New York State Inc. has touted the newly approved 11.7 percent reduction in loss cost rates, which are the basis for setting workers’ compensation premiums for 2019, as being significant toward workers’ compensation savings for most …

KBW Hires Sarkar to Its Insurance Investment Banking Group in New York

Keefe, Bruyette & Woods Inc. (KBW), a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector and a wholly owned subsidiary of Stifel Financial Corp., has hired Rajib Sarkar as managing director in its Insurance Investment …

Connecticut’s CMIC Hires Cronin as Director of Underwriting

CMIC, a Glastonbury, Conn.-based, member-owned medical professional liability insurance company, has hired Garrett P. Cronin to the CMIC Group team as the director of underwriting. Prior to joining CMIC, Cronin worked for Chubb Corporation as a national underwriting manager within …

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