East News

Mortgage Guaranty Insurance Corporation Hires Korn as Sales Manager in New England

Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, has hired Greg Korn as sales manager in New England. Korn brings to MGIC a mortgage banking background with expertise in business development, sales management, risk management and …

Delaware DOI Working With FEMA to Fine-Tune Disaster Response

The Delaware Department of Insurance (DOI) is working with the Federal Emergency Management Agency (FEMA) during the next two weeks as part of a National Level Exercise designed to help FEMA and other federal partners, state and local governments, as …

Mark Edward Partners Acquires New York’s Kaplow Insurance Agency

Mark Edward Partners, an independent, full-service, international insurance brokerage firm, has acquired the Kaplow Insurance Agency, a Chappaqua, N.Y.-based firm that has specialized in equine insurance for more than 50 years. The Kaplow team brings understanding of the risk management …

Woodruff Sawyer Expands New England Office’s Leadership Structure

Woodruff Sawyer has expanded its New England office’s leadership structure due to growth it has seen in the past two years. As part of this initiative, it is positioning its three leaders in roles that will further support and facilitate …

School District Settles Negligence Suit With Massachusetts Family

A Massachusetts family whose 5-year-old special needs daughter was left stranded for hours on a cold school bus has settled a lawsuit against the school district. A lawyer for the Gloucester family told The Gloucester Daily Times on Monday that …

Greenhill & Co. Hires Morris in New York as Head of Insurance Corporate Advisory

Greenhill & Co. Inc., an independent investment bank, has hired Matthew Morris in New York as a managing director and head of Insurance Corporate Advisory. Morris has 21 years of investment banking experience focused on the insurance industry. Most recently, …

A.M. Best Affirms Excellent Rating, Revises Outlook to Negative for CMIC Group

A.M. Best has affirmed its financial strength rating of A- (Excellent) and its long-term issuer credit ratings of “a-” while revising its outlook to negative from stable for Glastonbury, Conn.-based Connecticut Medical Insurance Company and its sponsored risk retention group …

Alliant Employee Benefits Hires Pennsylvania’s Weber as Vice President

Alliant Employee Benefits has hired Pittsburgh, Penn.-based benefits consultant Mark Weber as vice president. In this role, Weber will bring his quantitative analysis and strategic problem solving skills to Alliant’s service platform, working to deliver strategies that optimize performance and …

New York Fines Lockton Over NRA Insurance; Continues Probe of Other Players

Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The settlement with Lockton is the first in what is a broader …

Vermont’s USA Risk Group Promotes Lyford to Senior Vice President

USA Risk Group (USARG), a Barre, Vt.-based independent captive management firm, has promoted Cindy Lyford to senior vice president. Lyford currently serves as office head for the Vermont and Western domiciled captive insurance business. Prior to her promotion, she served …

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