After drenching the southeast coast of North Carolina and cutting off power to 100,000 homes, Hurricane Ophelia has been downgraded to a tropical storm with maximum sustained winds of 60 mph. Ophelia’s winds and rain knocked down trees and flooded …
The average auto insurance premium in the country was about $939 in 2003, or about six percent higher than it was in 2002. For that same year, drivers in 15 states paid above $1,000 a year in premium, according to …
The number of Category 4 and 5 hurricanes worldwide has nearly doubled over the past 35 years, even though the total number of hurricanes has dropped since the 1990s, according to a study by researchers at the Georgia Institute of …
Despite indications that a 28.4 percent statewide rate hike is called for, the Massachusetts Fair Plan is requesting a 12.5 percent hike across all homeowners policies. The residual market insurer’s overall request includes an average hike of 12.9 percent on …
S&T Bancorp of Indiana, Pa. and Webster Financial Corp. of Waterbury, Conn. have been cited as leaders in the bank-insurance industry. “These bank-owned agencies are the clear leaders of our industry,” said Beth Climo, executive director of the American Bankers …
Massachusetts officials say they are revising their disaster response plans after watching the destruction caused by Hurricane Katrina and the problems with relief efforts. Boston is redrawing its plan to evacuate and relocate residents, and the state is creating a …
Zurich North America Commercial’s unit providing environmental and design professional insurance solutions has opened an office in Boston to serve customers in its New England region. Zurich’s New England region includes Massachusetts, Rhode Island, Vermont, New Hampshire and Maine. Zurich …
Effective immediately THOMCO can quote, bind, accept payment and issue policies on line, in one transaction, at www.afds.com! This program offers outstanding coverage to in-home child care providers including General Liability protection up to $1,000,000 per occurrence/ $3,000,000 aggregate and …
To help its customers who become victims of theft of their personal information and face the hassle of restoring their identity, OneBeacon Insurance Group now offers identity theft resolution assistance and expense reimbursement coverage. The Identity Theft Resolution portion of …
The Nasdaq Stock Market Inc. has entered into a definitive agreement to acquire Carpenter Moore Insurance Services Inc. (“Carpenter Moore”), a privately held, San Francisco-based insurance brokerage firm specializing in management liability. As a result of this transaction, NASDAQ’s insurance …
