Boston’s Plymouth Rock Assurance Corp. recently received approval from the Connecticut Insurance Department to begin writing personal automobile insurance in the neighboring state. The company is in the process of selecting independent agency representatives under the direction of VP Eric …
The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and intensity, the same can be said for virtually …
S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable. S&P considers EIC’s statutory surplus of $222.1 million in 2000 to be extremely strong. EIC’s capital adequacy …
S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable. S&P considers EIC’s statutory surplus of $222.1 million in 2000 to be extremely strong. EIC’s capital adequacy …
A study of year 2000 insurance marketplace results by the Independent Insurance Agents of America (IIAA) finds that the agency system continues to grow market share in both commercial and personal lines, according to IIAA CEO Robert A. Rusbuldt. The …
The Hartford Financial Services Group, Inc. has teamed with S. H. Smith & Company of West Hartford, Conn., a leading excess and surplus lines insurance broker, managing general agency and program administrator, to offer professional liability coverage to law firms …
In a move that reverses the “bancassurance” model Independent Insurance Agents in Massachusetts, New Hampshire and Rhode Island can now offer customers an array of automobile, home improvement and other consumer loans from Boston-based Eastern Bank. Through the Independent Advantage(R) …
The Alliance of American Insurers is expressing pleasure at the progress of state legislatures in acting upon the National Association of Insurance Commissioners (NAIC) model producer licensing law so early in the new year. In New England, “the Massachusetts Legislature …
The CPA Advantage ™ Professional Liability Insurance program (managed nationally by the Herbert H. Landy Insurance Agency of Needham, Mass. and underwritten by the Chicago Insurance Co., a subsidiary of Fireman’s Fund/Interstate Insurance group) has formed a new alliance with …
Michigan Governor John Engler signed House Bill 5313, which enacts the National Association of Insurance Commissioners (NAIC) Model Producer Licensing Act and meets the producer licensing reciprocity requirements outlined in the federal Gramm-Leach-Bliley Act (GLBA). The bill becomes effective March …
