June 19, 2008
Keene, N.H.-based Peerless Insurance said it has issued its first Massachusetts personal auto insurance policy in more than 20 years. The company, part of Liberty Mutual Group, first announced in November it would re-enter the Massachusetts personal auto insurance market …
June 19, 2008
A congressional proposal to create a national “catastrophe fund” to help states recover from natural disasters has put Republican presidential hopeful John McCain at odds with a handful of GOP governors — including two state chief executives frequently mentioned as …
June 18, 2008
ACE has announced the appointment of Matthew Shaw as Chief Underwriting Officer, ACE Global Markets (AGM). He will also become the Chairman, ACE Tempest Re Europe, where he was previously Managing Director. He will report directly to Richard Pryce, President …
June 18, 2008
With a history dating back to the Colonial Era, America’s craft brewers and brewpubs have earned an iconic position as one of the nation’s quintessential – and earliest – categories of independent business. Now, through a new partnership The Hartford …
June 16, 2008
Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE Regional Insurance as chief operating officer. He succeeds …
June 16, 2008
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …
June 16, 2008
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+ (Superior) and issuer credit ratings (ICR) of “aa-” of Commerce Group, its lead company, The Commerce Insurance Company, and four inter-company pool members. Best also affirmed the ICR …
June 16, 2008
Declarations “I’m bitterly disappointed in the lack of a result.” — Connecticut Prosecutor John Malone commenting on the mistrial against David Wilcox. Wilcox, a 72-year-old trucking company owner, stands accused of insurance fraud for trying to reinstate insurance on a …
June 16, 2008
Mapfre, Commerce Spain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 per share of Commerce’s publicly traded stock, with a total merger …
June 13, 2008
A federal jury ordered a medical equipment manufacturer to pay more than $14.5 million in a patent infringement dispute that involves a device invented by a Portland, Ore. physician. Dr. John O. Hayhurst and Smith & Nephew hold a patent …