Massachusetts News

Ryan Joins Provider as Biz Dev Manager

Massachusetts-based Provider Insurance Group, has hired Michelle Ryan as business development manager. Ryan will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division. She will also support the producers in their new business …

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed over the last couple years as the economy has forced the closure of many …

Morgan Promoted at CMIC

CMIC, a Connecticut-based medical professional liability insurer, has promoted Michael F. Morgan to vice president of Business Development. Morgan’s responsibilities include the development and promotion of professional liability solutions for health care professionals and hospitals throughout New England. He joined …

Penny Named Regional President at Brown & Brown

Brown & Brown Inc. has promoted J. Scott Penny to the position of regional president. Penny, who has served as a regional executive vice president since 2002, is responsible for oversight of retail profit center operations of Brown & Brown …

People

Paulette Lundy has been promoted to vice president of Human Resources for Maryland’s Injured Worker Insurance Fund (IWIF), a workers’ compensation insurer. She previously served as director of human resources at IWIF. Prior to joining the organization in 2007, she …

Business Moves

First Mercury, Valiant Michigan-based First Mercury Insurance Co. is acquiring New York-based Valiant Insurance Group Inc. in a transaction valued at approximately $55 million. The transaction is expected to close in the fourth quarter. Valiant’s existing classes of business to …

Michigan Supreme Court Lifts Ban on Use of Credit Scores by Insurers

The Michigan Supreme Court has ruled that the administration of Gov. Jennifer Granholm exceeded its authority when it banned the use of credit scoring by insurance companies in the state. The decision means insurers in Michigan can continue to use …

Business Moves

NetComp NetComp Insurance, a newly-formed program manager based in Columbia, S.C., has opened its online program (www.netcompinsurance.com) for small to-mid size workers’ compensation business to all independent agents in Arkansas, Georgia, North Carolina, South Carolina and Texas. NetComp said it …

Louisiana, Oklahoma Least Affordable States for Car Insurance

Louisiana and Oklahoma enjoy the distinction of having the least affordable auto insurance rates in the country, according to one body of research that considers how much of a family’s income goes to pay for car insurance. Massachusetts, often rapped …

Webinar to Help P/C Agents Benefit from Health Insurance Boom Under Reform Law

For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their options, according to experts. Insurance Journal is partnering …