Massachusetts News

New England Heritage to be Acquired by Stoneham Savings Bank

The Stoneham Savings Bank will acquire The New England Heritage Insurance Agency in Wakefield, Mass., under an agreement signed April 10. New England Heritage, which offers automobile, homeowners and business insurance, will be merged with The Robert F. O’Neill Insurance …

Stoneham Savings to Acquire Wakefield Agency

The Stoneham Savings Bank has announced it will acquire The New England Heritage Insurance Agency, an independent insurance agency in Wakefield, Mass. New England Heritage will be merged with The Robert F. O’Neill Insurance Agency in Stoneham, which the bank …

General Casualty Acquires Sixth Regional Insurance Company

Officials of Sun Prairie, Wis.-based General Casualty Insurance Companies announced the acquisition of Blue Ridge Insurance Company, headquartered in Simsbury, Conn. With this acquisition, Blue Ridge became General Casualty’s sixth regional office, the first outside of its 12-state Midwestern operating …

Zurich Expands Political Risk Capabilities in Asia

Zurich North America, the U.S. subsidiary of the Anglo-Swiss Zurich Financial Services Group, announced that it was expanding the role of “its Zurich Emerging Markets Solutions group’s political risk and credit insurance offering to the Asian market.” “The expansion allows …

Bush Signs Federal Ergonomics Repeal; Draws IIAA Praise

Independent agents are hailing the finality of freeing small businesses from costly federal ergonomics rules following President Bush’s signing of a measure to repeal them, said Independent Insurance Agents of America President William F. Hofmann III. President Bush signed Senate …

Bush Signs Ergonomics Repeal; Draws IIAA Praise

Independent agents are hailing the finality of freeing small businesses from costly federal ergonomics rules following President Bush’s signing of a measure to repeal them, says Independent Insurance Agents of America President William F. Hofmann III, CPCU, CLU, AAI, CIC, …

QUAKE TO COST $1 BILLION

The insurance industry could pay up to $1 billion in claims to people whose property was damaged by the earthquake that struck Washington State in February, according to the Insurance Information Institute. The preliminary figure is based on an estimate …

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FDIC Approves Insurbanc’s Application

InsurBanc has received conditional deposit insurance approval from the Federal Deposit Insurance Corp. Last November, InsurBanc received conditional approval for a federal thrift charter. Once all conditions are met InsurBanc will open for business in Massachusetts, Connecticut and New Jersey. …

Former Calif. Insurance Commissioner Gillespie Raises Nearly $500,000 for City of Hope

Roxani M. Gillespie (center), a partner at Barger & Wolen, accepts the Spirit of Life Award, presented to her by the California Insurance Council for City of Hope. Also pictured are Larry De Boer (left) and Don Schwegman (right). The …