Massachusetts News

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors’ liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

E&O for Broker-Dealers

Nuts & Bolts: CalSurance launched a specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. CalSurance and Quanta Specialty Lines Insurance Co. have teamed up to offer this program. The E&O program provides protection against claims …

E&O for Broker-Dealers

Nuts & Bolts: CalSurance launched a specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. CalSurance and Quanta Specialty Lines Ins. Co. have teamed up to offer this program. The E&O program provides protection against claims …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

National E&O Coverage for Broker-Dealers

Nuts & Bolts: CalSurance launched a specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. CalSurance and Quanta Specialty Lines Ins. Co. have teamed up to offer this program. The E&O program provides protection against claims …

Ease of Doing Business Plays a Critical Role When Choosing Carriers

How does the carrier-agency relationship affect the buying decision? More pointedly, how does the ease—or difficulty—of doing business with a carrier affect the agent’s decision of whether to place more or less of their business with that carrier? These questions …

Toronto Bank Buying Majority of Banknorth

Officials at Banknorth Group, Inc. (NYSE: BNK) of Portland, Maine, and TD Bank Financial Group (TDBFG) of Toronto announced that they have signed a definitive agreement for TDBFG to acquire 51 percent of the outstanding shares of Banknorth for approximately …

Kaplan Professional Acquires The Saenger Organization

Kaplan Professional, a division of Kaplan, Inc., has acquired The Saenger Organization on behalf of its subsidiary, Dearborn Financial Services. The Saenger Organization is a provider of insurance pre-licensing and continuing education programs throughout the Northeast region and is Kaplan …

Mass. Attorney General, Trial Bar, State Bureau Criticize 9.3% Auto Insurance Rate Request

A request by Massachusetts agents for a 32 percent boost in commissions brings the overall private passenger auto insurance rate hike sought by the industry for 2005 to 9.3 percent, up from the original 5.8 percent figure, it was learned …

Lindeberg Elected to Safety Insurance Board

The board of directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) announced the election of Frederic H. Lindeberg as director of the corporation. The board also designated Lindeberg to serve as chairman of the corporation’s nominating and governance committee, and to …