Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. reported net income for the first quarter of $12.1 million, or $0.23 per share, compared to net income of $37.1 million, or $0.70 per share in the first quarter of last year. …
Union and safety leaders reported a dramatic surge in deaths due to workplace illnesses and injuries in Massachusetts last year. The number of deaths in 2003 reached 81, up from the 49 deaths in 2002 and the highest number of …
An Abington, Massachusetts man has pleaded guilty to charges he schemed, along with his insurance agent, to avoid paying more than $131,000 in workers’ compensation insurance premiums, Attorney General Tom Reilly announced. Patrick J. O’Shaughnessy, 61, of Abington pleaded guilty …
The Commerce Group, Inc. (NYSE:CGI ) reported 2004 first quarter results including et earnings of $51.0 million, or $1.56 per diluted share, compared to net earnings of $12.9 million or $0.40 per diluted share for 2003. During the first quarter …
Washington, D.C. – Rep. Barney Frank (D-Mass.), ranking member of the House Financial Services Committee, told a gathering of independent insurance agents on the final day of the Independent Insurance Agents & Brokers of America’s (IIABA) National Legislative Conference, that …
Chittenden Corporation (NYSE: CHZ) Chairman Paul A. Perrault announced earnings for the quarter ended March 31, 2004 of $17.5 million or $0.47 per diluted share, compared to $16.6 million or $0.49 a year ago. Chittenden also announced a 10 percent …
Marsh & McLennan Companies, Inc. reported financial results for the quarter ended March 31, 2004. Consolidated revenues increased 13 percent to $3.2 billion from $2.9 billion in the first quarter of 2003. Net income rose to $446 million, and earnings …
The nation’s terrorism insurance law is not necessary to ensure the availability of affordable terrorism coverage for most areas of the country and should be allowed to expire, according to a study released by the Consumer Federation of America. In …
Washington, D.C. – With a packed attendance for the Thursday morning breakfast session, independent agents at the 28th Annual Independent Insurance Agents and Brokers’ 2004 National Legislative Conference, heard from a pair of speakers – Louisiana Congressman Richard Baker (R) …
The campaign to change the way Massachusetts handles high risk private passenger auto policies moved forward last week with the emergence of a draft outline agreed upon by two major players in the effort, the Massachusetts Division of Insurance and …
