The Hanover Insurance Group recently announced that it has strengthened its presence in Wisconsin, naming Andrew R. Knipfer, CPCU, ARM, regional vice president for commercial lines. In this role, Knipfer will oversee all aspects of commercial lines business for the …
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 in cash per share of Commerce’s publicly traded stock, with total merger consideration …
In the first year after Massachusetts implemented its landmark coverage expansion and health reforms, the uninsurance rate among adults in the state dropped by almost half, from 13 percent to 7.1 percent. A new Urban Institute study published today by …
Main Street America, Great Lakes Casualty The Main Street America Group, a regional property/casualty insurer based in Jacksonville, Fla. that writes business up and down the East Coast, is expanding to the Midwest. The insurer said it has agreed to …
Markel Corp.’s Board of Directors elected Anthony F. (Tony) Markel vice chairman and Paul W. Springman president and chief operating officer. Markel served Markel Corp. for more than 40 years, most recently as president and chief operating officer since 1992. …
Corporations exposed to liability for greenhouse gas emissions The industry is about to enter an era of global warming insurance claims. Scientists have been warning about the impact global warming could have if greenhouse gas emissions are not reduced. Because …
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. Energy Risks Market Detail: MarketScout has a team dedicated to energy accounts. They have the …
The murder trial of a Waltham, Massachusetts, man accused of hiring a hit man to kill his estranged wife’s boyfriend is scheduled to start next week. James Brescia is accused of hiring ex-convict Scott Foxworth to murder his wife’s boyfriend, …
Massachusetts’ insurer of last resort won’t immediately seek a steep premium increase, saving money for 150,000 customers. The decision by the FAIR Plan comes after Insurance Commissioner Nonnie Burnes rejected its request to raise premiums 13.2 percent statewide, including 25 …
Coastal communities in Massachusetts should encourage property owners to elevate their buildings to avoid future flooding and storm surge damage, according to officials advising on storm mitigation efforts. In addition to protecting the structures, raising houses above floodwaters can save …
