Canada’s TD Bank Financial Group reports that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase would double TD Bank’s presence …
Florida Excess & Surplus Lines wholesaler John Handel & Associates Inc., appointed Lorna W. Palmer as president and chief executive officer. After a 10-year stint with a Massachusetts Agency, Palmer joined St. Petersburg-based JHA in 1998. Her background in Commercial …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and assigned issuer credit ratings (ICR) of “bbb+” to Arbella Insurance Group of Quincy, Mass. and its members – Arbella Mutual Insurance Company and its majority-owned subsidiaries, …
Road rage incidents are driving some lawmakers to get tougher on angry and reckless motorists. The Legislature’s transportation committee will consider a bill designed to crack down on a range of bad behavior on the roads — which could include …
As Massachusetts prepares to move to a more competitve auto insurance system, The Hanover Insurance Group announced it will offer discounts on an advanced driver training course for its policyholders and their family members in the state. The Hanover’s customers …
California officials and a Los Angeles company were alerted last year that lunch boxes the firm imported from China contained high amounts of lead, an environmental group said. The state Department of Public Health warned consumers on Thursday not to …
An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee on Wednesday that a major tax advantage for certain foreign insurance groups could threaten the future of the domestic insurance industry. The …
Declarations Drive efficiencies “This will result in greater transparency in the rate-making process, increased price competition and lower premiums for employers because it will drive carriers to achieve greater efficiency. Fostering competition will also make the state more attractive to …
The TJX Companies has agreed to a settlement of class action lawsuits filed after a massive security breach involving customer data. A statement on the company Web site says the proposed settlement includes three years of credit monitoring along with …
Environmental Consultants-Contractors Nuts & Bolts: As part of the comprehensive coverage care suite of products, ELM Insurance Brokers has an addition to its errors and omissions/directors and officers/ employment practices liability/crime and fiduciary suite, environmental liability for consultants and contractors’ …
