Monthly Archives: <span>June 2009</span>

Growth Beneath the Radar

Don’t be fooled by the AIG headlines: Not all of the insurance industry is in retreat mode. In some pockets of the Northeast and Mid-Atlantic, carriers are continuing to pursue downright aggressive growth strategies – and many are even seeing …

Declarations

The Road Less Downloaded “New Yorkers not only benefit from a… discount in a state with one of the steepest insurance rates in the U.S., but they can do so with ease and comfort simply by logging on from their …

Massachusetts Settles Bid-Rigging Suit against Great American Insurance

Massachusetts Attorney General Martha Coakley says her office has settled a bid-rigging lawsuit lodged against Ohio-based Great American Insurance Co. The suit resolves allegations the insurer submitted a fake and intentionally uncompetitive insurance quote to Analog Devices Inc. of Norwood, …

Judge Tosses Most Supermarket Data Breach Claims

Only those customers who weren’t reimbursed for fraudulent charges may sue the Hannaford Bros. supermarket chain over a data breach that exposed 4.2 million credit and debit card numbers to computer hackers, a federal judge has ruled. The decision by …

It Figures

$9 Million Minimum value of settlements that the Catholic Diocese of Wilmington, Delaware estimates it will have to pay to over child sexual abuse cases. The diocese says it may have to sell assets to pay them, although they won’t …

People

TD Insurance Inc. has hired Linda Bogardus as an account manager in the Core Division of Commercial Lines. Bogardus, who is based in Burlington, Vermont, will oversee marketing and servicing large commercial insurance accounts throughout the region. She has more …

Business Moves

AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on which The AIG Otemachi Building …

Common Insurance Mistakes Can Sink Boaters’ Finances

As Action on the Water Heats up, Here’s Some Advice Agents Can Offer Clients As boating season starts to heat up once again, independent agents across the country may see clients who are re-evaluating their boat insurance needs, and looking …

Direct Writers Continue Battle for Massachusetts Auto Market

Allstate Announces Plan to Begin Writing After Generation-Long Hiatus Direct writers continue to target the Massachusetts personal auto insurance market, as one major national carrier announced it has written its first policy in the state and another says it will …

Increase Traffic to Your Internet ‘Real Estate’

Enhance Your Agency’s Online Visibility Through Search Engine Optimization Nearly half of the United States — more than 163 million people — are using the Internet, according to a recent Nielsen poll. And they are using search engines to research …