Massachusetts News

Hyatt to Head Arbella’s Personal Lines Group

Massachusetts-based Arbella Insurance Group has appointed Jim Hyatt as vice president of personal lines. Hyatt will oversee Arbella’s Personal Lines group, which generates more than $450 million in annual premiums. He joins Arbella from The Hanover Insurance Group, where he …

Hingham Group Signs Affiliation Agreement with NLC

Two New England insurers have signed an affiliation agreement that they say will allow them to expand their capital base and combined footprints with agents in most of the six-state region. The agreement brings together Connecticut-based NLC Insurance Cos. and …

The National Alliance Awards 24 Scholarships

The National Alliance recently presented 24 scholarships to National Association of Insurance Women (NAIW) members at its 69th Annual Convention held in Arlington, Va. The CIC, CRM, CISR, and CSRM scholarships were awarded at a special recognition ceremony at the …

Insurance Recovery Experts Launch Dedicated Subrogation Division

Massachusetts-based Insurance Recovery Group is launching a new division, Insurance Subrogation Group, that will provide subrogation services for commercial and personal auto insurance, workers’ compensation and property insurance. “The new division will expand on Insurance Recovery Group’s core competency, which …

Ratings Roundup: Farmers Mutual (N.Z.), Shore Re, NGI

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New Zealand’s Farmers’ Mutual Group (FMG or the group) and its subsidiary, FMG Insurance Limited …

Best Affirms Liberty Mutual, Subs ‘A’ Ratings; Outlook Negative

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Peerless Insurance Company Pool and their members, as well as UK-based Liberty Mutual Insurance …

Latin Agents Group Launched in New York

A group of New York insurance agents has launched a new trade group for Latin insurance producers as well as brokers who serve the Hispanic community in the Northeast. Elmer Rivera, New York branch manager for Jimcor Agencies and founder …

Zurich Forms Agreement With Marsh for East Coast Lawyers’ Program

Zurich has appointed insurance broker Marsh U.S. Consumer, as the new administrator for its Programs & Direct Markets’ lawyers’ professional liability program. Marsh will be the administrator for attorneys in Conn., Maine, Mass., N.H., N.Y., Pa., R.I., and Vt. Attorneys …

Wisconsin Court: Insurers Must Help With Fox River Paper Mill Cleanup

Two companies that once insured Appleton Papers Inc. are liable for $10 million toward the cleanup of the Fox River after a court decision on June 8, the firm’s lawyer said. The 2-1 ruling by the Wisconsin Court of Appeals …

Best Upgrades Travelers Group Issuer Credit Ratings; Revises Outlook

A.M. Best Co. has upgraded the issuer credit ratings (ICR) to “aa” from “aa-” of Travelers Group, its P/C members and affiliate, Travelers Casualty and Surety Company of America (TCSA) and TCSA’s affiliate, UK-based Travelers Casualty and Surety Company of …