News Currents A study by a Boston-based think tank shows that Massachusetts firms in nine selected industries including financial services have costs that are on average 20 percent to 30 percent higher than similar companies in Texas, North Carolina and …
Insurance political contributors favor Republicans Four of six top official recipients from the Midwest Insurance-related contributors to this year’s midterm Congressional races are favoring Republicans 2-to-1 over Democrats while the overall total given by insurance interests appears down from two …
This issue of Insurance Journal will come out the day before the nationwide elections. By the time you receive your magazine or get the opportunity to read it, the results will be in and you will know who won in …
New Construction, Remodelers, Owner/Developers Nuts & Bolts: Network E&S Insurance Brokers LLC has a new limited access Builder’s Risk/Contractors Equipment Program for both residential and commercial. Residential and commercial structures with no size limitations; frame and concrete structures are acceptable. …
Non-Profit Organization D&O Liability Nuts & Bolts: Arrowhead General Insurance Agency Inc. is offering a not-for-profit directors and officers program designed to insure small to medium IRS tax-exempt 501(c)3 and 501(c)4 organizations. Policy features include: insured includes the organization, its …
Let’s start with three basic ideas about property/casualty insurance distributed through independent agents and brokers — a sector with more than $200 billion in written premium annually. 1) P/C insurance resembles a commodity, with few competitive differentiators. By and large, …
Having bought insurance agencies for years when he was chief financial officer with the former Covenant Group, Joe Grochmal knew that finding an agency that would actually grow after the acquisition was next to impossible. “We used to describe them …
David Soucy, a third generation owner of the family independent insurance agency, Soucy Insurance Agency, of Woonsocket, R.I., was sworn in as president of the Independent Insurance Agents of Rhode Island at the association’s 106th annual conference. IIARI also elected …
Bermuda-based Aspen Insurance Holdings Limited has appointed Julian Cusack, currently its CFO, to the expanded role of Chairman and CEO of Aspen Insurance Limited (AIL), Bermuda. He will step down as CFO once a successor is appointed. Aspen also named …
The Fung Wah bus company has been fined $31,100 for violating federal safety regulations linked to a rollover in Auburn, Mass. that injured dozens of passengers traveling from New York to Boston. The Federal Motor Carriers Safety Administration said Fung …
