Monthly Archives: <span>February 2008</span>

Men Charged with Setting Fire to Home of ‘Mary’ from ‘Little Lamb’ Poem

Two men are accused of burning down the Sterling, Mass. birthplace of the woman made famous by the nursery rhyme “Mary Had a Little Lamb.” John Rousseau and Michael Dreslinski, who also face charges in a series of fires in …

NAS Offers Regulatory Business Shutdown Coverage

NAS Insurance Services introduced a new regulatory business shutdown expense insurance that provides businesses with extra expense protection if they are shutdown by a regulatory agency such as a health or police department. The coverage, which is available nationwide, includes …

Uncertainty Over Bond Insurer Downgrades Leaves Investors Wary

Municipal bond investors were in a wary frame of mind Monday as they waited to learn whether ratings agencies will downgrade some ailing bond insurers. Uncertainty about the fate of the companies that insure municipal bonds has cast a pall …

CBIZ Acquires Md.-Based NAIS

CBIZ Inc. announced the firm has acquired substantially all the assets of NAIS Inc. effective Feb. 1, 2008. NAIS provides innkeepers insurance programs marketed through James Wolf Insurance and Old Line Insurance. NAIS, located in Frederick, Md., is one of …

Hartford Group to Shed 27,000 Homeowners’ Policies in Florida

The Hartford Group, testifying in front of the Florida Senate Select Committee on Property Insurance Accountability Tuesday said they will implement a non-renewal program in Florida beginning in August. The year-long effort will affect 27,000 customers. Tom Johnston, senior vice …

Mississippi’s BancorpSouth Acquires Texas Insurance Company

Tupelo, Miss.-based BancorpSouth Insurance Services Inc., a subsidiary of BancorpSouth Bank, said Monday it has signed a deal to buy JMG/IC Insurance Agency Inc., of Nacogdoches, Texas. Terms of the deal were not disclosed. Joe Max Green, chairman of JMG/IC …

American Strategic: Golden Haired Boy at Fla. Senate Hearings

After the Florida Senate Select Committee on Property Insurance Accountability heard testimony from The Hartford and Florida Farm Bureau Tuesday, Sen. Steve Geller, D- Hallandale Beach, said the final group of the day, American Strategic Insurance, “will leave us with …

Mass. Health Care Law Costing More Than Expected

Massachusetts is projecting that its landmark law extending health care coverage to nearly all citizens may cost taxpayers hundreds of millions of dollars more than expected. The subsidized insurance program that provides free or subsidized insurance for low- and moderate-income …

Oakes Promoted to Executive Vice President at Westfield Center

Westfield Bank recently promoted Gregory A. Oakes to executive vice president – agency banking at Westfield Bank. Oakes’ new role involves leading Westfield Bank’s sales efforts to Westfield Insurance agencies, which includes commercial lending for agency acquisitions and business perpetuation, …

N. D. Commissioner Proposes Changes in Oversight of Workers’ Comp Agency

North Dakota’s Insurance Department should have authority to do regular reviews of the state’s workers’ compensation agency, says Commissioner Adam Hamm, who intends to seek legislators’ support for the idea. The scrutiny would include regular “market conduct” reviews that would …