The dispute continues between French reinsurer SCOR Group and Boston-based Highfields Capital Management over the valuation of the 46.6 percent ownership of IRP Holdings Ltd., an Irish company formed in 2001 for the purpose of reinsuring part of SCOR’s worldwide …
The Premier Insurance Company of Massachusetts, a Travelers personal lines company, has opened a Concierge Claim center in Woburn, Mass. The center is designed to assist claimants with the car insurance claims process, including obtaining a damage assessment, getting the …
The Massachusetts Supreme Judicial Court has unanimously ruled that the state insurance commissioner has the authority to create an assigned risk plan to replace the existing reinsurance plan for insuring high-risk drivers. Insurance Commissioner Julianne Bowler ordered that current Commonwealth …
The board of directors of The Commerce Group, Inc. has created two new positions to lead the company’s property and casualty insurance operations within and beyond Massachusetts. “As Commerce continues to grow and diversify, these leadership positions for our insurance …
“We’re one step closer to operating like a normal market.” That’s how Massachusetts Insurance Commissioner Julianne Bowler greeted the news that the state Supreme Judicial Court had upheld her controversial auto insurance assigned risk plan. Bowler referred to the fact …
The Main Street America Group is rolling out its expanded omnibus businessowners policy (BOP), featuring 100 new eligible classes in the product’s wholesale, retail and services programs. In addition, Main Street America’s BOP’s office program now includes an expanded list …
Low-income residents would pay between $10 and $100 a month for health care under draft regulations set to be reviewed by the board overseeing the state’s sweeping new insurance law. Under the draft regulations, single adults living at the annual …
Stock Price Activity: Exceptional 2006 second quarter earnings reports had a positive impact on broker stock prices in July. Companies such as Brown & Brown (NYSE:BRO), Arthur J. Gallagher & Co. (NYSE:AJG), and Hilb Rogal & Hobbs (NYSE:HRH) reported impressive …
Loveland, Ohio-based Indiana Insurance, a member of the Liberty Mutual Group, announced that Michael D. Connell has been appointed president and CEO. Connell’s appointment coincides with the retirement of Richard T. Bell, president and CEO for the past seven years. …
Environmental Insurance Program Nuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for environmental contractors and consultants. ACE Westchester Specialty Group will provide …
