Taunton, Mass.-based Farrell Backlund Insurance Agency has merged with Richardson-Cuddy Insurance Agency in the nearby city of Attleboro, Mass. The deal creates one of the largest independent property/casualty agencies in southeastern Massachusetts, according to the announcement. Farrell Backlund is a …
Keystone Insurers Group, a franchisor of insurance agencies headquartered in Northumberland, Penn., has added a new franchise partner in Ohio. Keystone said it has established a partnership with Mount Vernon, Ohio-based Dumbaugh Insurance Agency. It is Keystone’s 28th franchise partner …
The National Insurance Crime Bureau is advising consumers to be alert for potentially dangerous flood vehicles appearing in the used-car market in wake of Hurricane Irene. Flood-damaged cars can be an attractive purchase for savvy consumers, but it can also …
Some of the thousands of Connecticut residents still in the dark Monday may not have power restored until mid-week, more than 10 days after a monster snowstorm knocked out electricity to millions of people in the Northeast. About 57,000 Connecticut …
XL Group’s North America property/casualty insurance group appointed Lorraine Seib as president of its excess casualty team. Based in New York, Seib will manage XL’s global excess casualty business with underwriting operations in New York, Bermuda, Dublin, London and Toronto, …
The Federal Emergency Management Agency has approved Virginia’s second request for assistance for those whose property was damaged in the August earthquake. The agency informed Gov. Bob McDonnell on Friday, Nov. 4, that it had approved assistance for Louisa County …
Liberty Mutual Group reported a net loss of $111 million for its third quarter. In contrast, the third-largest property/casualty insurer in the U.S. had posted net profit of $567 million during the same quarter last year. The company’s result was …
Penn. Agency Owners Indicted Insurance agency owners from Pennsylvania were indicted this week with 13 counts of wire fraud, mail fraud and conspiracy to commit wire and mail fraud. Bruce and Irene Gardner, of Richboro, and Michael Gardner, of Philadelphia, …
American International Group said its U.S. commercial line rates are increasing at an accelerated pace. A number of other major insurers have been offering similar observations in this earnings season. “In U.S. commercials lines, we are seeing a rate increase …
Consumer Specialties Insurance Company, a risk retention group, appointed Ames & Gough Insurance/Risk Management Inc. as the new program manager for the CSI program. CSI said it had been working with Hanna, Kremer & Tilghman Insurance. But it was sold …
