Massachusetts News

Mass. Savings Bank Life Starts Conn. Insurer

The Savings Bank Life Insurance Company of Massachusetts (SBLI) it is now actively conducting business in Connecticut under the name Centrian Life Insurance. The Savings Bank Life Insurance Company of Massachusetts has been licensed by the Connecticut Insurance Department to …

Western Mass. Transit Authority Begins Own Probe of Insurance Bids

The Pioneer Valley Transit Authority in Springfield, Mass. has hired a special lawyer to lead an internal investigation of bidding practices that have come under federal scrutiny. Attorney Jeffrey Kinder will be paid up to $10,000 and is expected to …

NAMIC: Rate Modernization Initiatives Likely in 6 States in 2006

At least six states are likely to advance rate modernization initiatives this year, a legislative preview prepared by the National Association of Mutual Insurance Companies (NAMIC) reveals. NAMIC Senior State Advocacy Director Neil Alldredge said bills favoring more competitive rating …

Mass. gets new safe driver plan, too

The new year also brings a new Safe Driver Insurance Plan for Massachusetts drivers in addition to lower rates. The revised plan will provide discounts for the state’s best drivers and offer incentives for bad drivers to improve their driving …

New year brings lowered rates for Mass. drivers

8.7% rate cut is a lot more than the 0.1 percent cut recommended by insurers Private passenger auto insurance rates will be cut an average 8.7 percent in Massachusetts in 2006 under a ruling by insurance commissioner Julianne M. Bowler. …

People & Places

Sean Farrelly Plymouth Rock Assurance Corporation, a Boston-based auto insurer, has appointed Matthew H. Cronin as senior marketing representative and Sean P. Farrelly as marketing representative, both in Connecticut. Mathew Cronin Cronin will provide sales and marketing support to Plymouth …

TD Banknorth Acquires Me.’s Boothby & Bartlett Agency

TD Banknorth Inc. has finalized its acquisition of the business of Boothby & Bartlett Company, a 145-year old Central Maine insurance agency in Waterville, through its insurance subsidiary, TD Banknorth Insurance Agency, Inc. As part of the TD Banknorth Insurance …

INSURERS TO SUPPORT LEGISLATIVE STUDY ON AUTO THEFT

The National Association of Mutual Insurance Companies based in Indianapolis, Ind., will support a legislative study on auto theft in Arizona when the bill is heard in the state’s legislature. A proposed bill has been pre-filed for possible consideration. SB …

Mass. gets new safe driver plan, too

The new year also brings a new Safe Driver Insurance Plan for Massachusetts drivers in addition to lower rates. The revised plan will provide discounts for the state’s best drivers and offer incentives for bad drivers to improve their driving …

New year brings lowered rates for Mass. drivers

Private passenger auto insurance rates will be cut an average 8.7 percent in Massachusetts in 2006 under a ruling by insurance commissioner Julianne M. Bowler. The new rates translate to an average decrease of $95.14 per vehicle and a statewide …