Banknorth Group will soon provide insurance products and services in western Massachusetts. The bank’s insurance subsidiary has reached a definitive agreement to acquire the Palmer Goodell Insurance Agency of Springfield, Mass. The agency will become part of Morse, Payson & …
State Farm Mutual Automobile Insurance Co. will pay dividends of just over $1 billion to auto insurance policyholders in 49 states, the District of Columbia and three Canadian provinces. The return of premiums, approved yesterday by the State Farm Mutual …
The Massachussetts Department of Insurance plans to roll out a new web site next month, replete with a downloadable complaint form. But that hasn’t stopped a Boston attorney from declaring the site “useless.” The attorney, Jason Adkins, is also an …
Electric Insurance Company, a Massachusetts direct writer of automobile and homeowner’s insurance, announces the establishment of a new relationship with Insurance.com, an online insurance marketplace offering consumers the resources they need to create personalized and self-directed insurance plans. This affiliation …
Trolling for new business leads has been the bane of insurance agents for decades. Electronic data mining has eased the pain, but there are many gray areas as the call for consumer privacy grows louder. It was a bet with …
Nine suspects were arrested on May 18 following a 15-month joint investigation code-named “Operation Cleansheet,” conducted by the CDI Bureau of Investigations and Fraud Division, the FBI, the U.S. Attorney’s Office and the Sacramento District Attorney’s Office. The CDI received …
Gregory Barabas, vice president of claims and manager of specialty claims of Executive Risk Inc., announced three officer appointments in the company’s Claims Department. Diane Parker of Springfield, Mass., is now assistant vice president and claims counsel. She joined Executive …
SAFECO entered into an agreement with Administration Associates Inc. (AAI), a wholly owned subsidiary of Association Group Insurance Administrators Inc. (AGIA), to provide malpractice insurance for attorneys in Maryland, Virginia and Washington, D.C. On July 12, AAI will begin its …
Gov. Paul Cellucci has signed legislation to repeal Massachusetts’ countersignature requirement, eliminating the requirement for the countersignature of a resident agent on policies placed by nonresident agents. The American Insurance Association is leading a national effort to repeal these requirements …
Massachusetts insurers are fighting a recent determination by that state’s Auto Damage Appraisers Licensing Board (ADALB) that competitive auto parts are not of like kind and quality, saying it will cost consumers if it not reversed. The ADALB has been …
