Massachusetts News

Business Moves

TD Banknorth, Boothby & Bartlett TD Banknorth Inc. is expanding its insurance presence in central Maine by purchasing Boothby & Bartlett Company, a community insurance agency in Waterville, Maine. The acquisition is scheduled to close in December. The insurance firm …

People

GAB Robins, the international claims services firm, announced that Edward G. Troy has been named president and chief executive officer of the GAB Robins Group of Companies. Before joining GAB Robins, Troy served as president of ESIS, a risk management …

Editor’s Note: Preparing for Worse

Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to experts at last month’s National Catastrophe Insurance Summit in Burlingame, Calif. It’s just a matter of time, said the speakers, who forecast dramatic scenarios resulting …

Editor’s Note: Preparing for Worse

Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists who spoke at the recent National Catastrophe Insurance Summit. It’s just a matter of time, said the speakers, who forecast …

Mass. Delays Auto Producer Reassignments for Further Review

Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual market, Commonwealth Auto Reinsurers, be delayed. In response to criticism by several insurers of the proposed formula for …

FBI Forms Task Force to Hunt Down ‘Gate Cutters’ Jewelry Theft Ring

The FBI today has formed The Gate Cutters Jewelry Task Force to partner with local police and the gem industry in trying to catch a team that has burglarized more than 50 jewelry stores on the East Coast, often by …

15 States Cited by Safety Groups as Deadliest for Drunken Driving

The physician-led traffic safety advocacy group called End Needless Death on Our Roadways (END), and the National Safety Council, released their annual list of the 15 deadliest states in the country for impaired driving and reported that 13 states have …

Allmerica Financial Reports Pre-Tax Wilma Losses at About $5M

Massachusetts-based Allmerica Financial Corp., whose name and NYSE ticker symbol will change to “The Hanover Insurance Group Inc.” and “THG,” respectively, effective Dec. 1, 2005, announced estimated gross pre-tax catastrophe losses of approximately $5 million related to Hurricane Wilma. The …

TD Banknorth Buying Central Maine’s Boothby & Barlett Insurance Agency

TD Banknorth Inc. announced is expanding its insurance presence in central Maine by purchasing Boothby & Bartlett Company, a community insurance agency in Waterville, Maine. The acquisition is scheduled to close in December. The insurance firm will become part of …

Choice of Medical Care Provider Affects Costs, Outcomes for Injured Workers

The choice of medical care providers to treat injured workers by either workers or their employer not only impacts medical costs but also a variety of outcomes for injured workers, according to a new study by the Workers Compensation Research …