Insurance agents across New England and the Mid-Atlantic are worried about how their customers and they will fare as the region’s economy continues to slow. “An agent’s business is a direct reflection of his clients’ business, so if clients are …
Growing up in New Bedford, Massachusetts, Henry Wainer remembers driving past the old Alden Corrugated Container Co. on trips out of the city. Then one day, the single-story cardboard box factory burned. The city bulldozed what remained and — in …
The sunny spring days may be a relief after this winter’s snows, but dry weather is also creating fire hazards across Massachusetts. On Saturday, 189 woodland brush fires burned more than 375 acres, sometimes threatening private homes. Now officials at …
A state Web site intended to educate consumers about Massachusetts’ newly deregulated auto insurance market instead gives them inaccurate rate comparisons, according to Attorney General Martha Coakley. Coakley argued the site misleads drivers into thinking that they’re using an effective …
The Main Street America Group board of directors promoted two and appointed two to officer-level positions. The Jacksonville, Fla.-based company promoted John Thompson to vice president, operational controller and Dean Dorman to assistant vice president, actuarial. The board of directors …
People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of the insurance industry, has served as vice …
Stock Prices: Brokerage stocks have started 2008 in a downward spiral. Year-to-date the sector is trading down 13 percent. M&A Activity: With 29 acquisitions announced in February and March, the year-to-date total is 56, which is down 14 percent from …
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. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …
A Speedy Slow-Down “Clearly the statistics are going in the right direction. I realize it’s just one year, but it’s pretty dramatic.” —Massachusetts Transportation Secretary Bernard Cohen, commenting on the year anniversary of the Commonwealth’s Junior Operator License Law. Since …
$40 Million Increased amount in assessments levied on New York insurers as part of the Empire State’s 2008 budget, a 20 percent increase in the fees. The assessments come on top of a mandatory 2 percent premium tax that insurers …
