Massachusetts Insurance Commissioner Julianne Bowler has scheduled a public hearing for July 22 to hear testimony on proposed rule changes to the state’s high risk auto facility. The changes were approved by Commonwealth Auto Reinsurers (CAR), the current high risk …
The National Alliance for Insurance Education & Research, based in Austin, Texas, recently announced the selection of the state winners of the 2004 National Outstanding CSR of the Year Award. The award originated in 1991 to recognize the contributions of …
The Fireman’s Fund Insurance Companies has given notice to Massachusetts officials that it intends to withdraw from the state’s personal automobile insurance market on Dec. 31, 2004, because of continuing uncertainty in implementing state personal automobile insurance reform. Fireman’s Fund …
Brown & Brown, Inc., based in Daytona Beach, Fla., has acquired the assets of The Mc Duffee Insurance Agency, with offices with offices in Merrimack and Dover, N.H. and Peppercell, Mass. The McDuffee Insurance Agency, Inc., which also does business …
The board that oversees the Massachusetts auto insurance high risk facility, Commonwealth Auto Reinsurers (CAR), voted 11-2 in favor of final rules to convert the plan to an assigned risk plan on June 29. The CAR governing board plans on …
Woronoco Bancorp, Inc., the holding company for Woronoco Savings Bank, has signed an agreement to acquire The Colton Agency, Inc., an insurance agency located in Westfield, Mass. The bank plans to merge the agency with its current insurance subsidiary, Keyes, …
HIP Health Plan of New York (HIP) has acquired ConnectiCare Holding Company (ConnectiCare) in a transaction that unites the companies, The parties say thed eal allows for regional growth while retaining local autonomy. HIP, a private, not-for-profit managed care company, …
Massachusetts-based Atlantic Benefit Services, part of The Atlantic Insurance Group has hired Michael Rodgers, Jr. as managing partner and employee benefits practice leader. Prior to joining Atlantic, Rodgers gained more than 12 years of employee benefits experience holding senior consulting …
Portland, Me.-based Banknorth Group has signed a letter of intent to acquire Drake, Swan & Crocker Insurance Agency, Inc. of Orleans, Mass. The company expects to finalize the acquisition by July 1. Drake, Swan & Crocker (DS&C) serves more than …
Most agents sporting a 149 percent loss ratio or even worse, a 300 percent loss ratio, would expect to be looking for a job in another line of work. Not so in the world of Massachusetts auto insurance. Hanover Insurance …
