Massachusetts News

New Markets

Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …

In Mass., competition not like a box of chocolates

Massachusetts Rep. Ronald Mariano, D-Quincy, and the committee staffers who crafted his auto insurance competitive rating bill tried to sweeten the deal by throwing some bon bons into the box, including fraud fighting funds, an apparent ban on the use …

:Lloyd’s forecast for Northeast: Storms, global warming threats are real

The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy. Leading forecasters agree there …

New Markets

Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …

Heads up on workplace bullying

From the playground to the classroom to the office — bullies can be found in all walks of life, says an anti-bullying advocacy group vying for new legislation that could potentially outlaw workplace bullying. But how would new anti-harassment legislation …

Hanover Group Names New Midwest Regional President

The Hanover Insurance Group, Inc. announced that Doug Eden has been named president for the company’s Midwest Region. Eden will work out of the The Hanover’s Chicago office. “Doug is a bright and talented insurance professional who will add even …

IAG Acquires New Lloyd’s MA – Specialist Asian Insurer

Insurance Australia Group Limited (IAG) announced that it has acquired a newly-formed Lloyd’s managing agency and specialist Asian syndicate, Alba Group Pte Limited, to “support the development and management of its expanding Asian business.” CEO Michael Hawker commented: “Acquiring Alba …

Maine Employers Mutual Group’s Rating Affirmed

Insurance industry analyst A.M. Best this affirmed the rating of the members of The MEMIC Group. According to Best, Maine Employers’ Mutual Insurance Company (MEMIC) and The MEMIC Group remain “A” (Excellent) while subsidiary MEMIC Indemnity Company remains “A-” (Excellent). …

Insurance Limbo Delays Gulf Coast Rebuilding

The owners of the sagging, flood-stained home in New Orleans aren’t in. Above the front door, a banner explains their absence, and the lack of progress: “Allstate paid $10,113.34 on this house for storm damage.” Like the home next to …

LA Police Investigating Whether Elderly Pair Scammed Third Man

Los Angeles police are investigating the traffic death of a third man linked to a pair of elderly women accused of taking out insurance policies on two transients who later died in hit-and-run crashes. The latest suspicions arose when investigators …