Massachusetts News

Currie Named Commercial Lines VP at Arbella

Massachusetts-based Arbella Insurance Group has named Eileen Currie vice president of commercial lines. She joins Arbella from Crum & Forster Insurance Co., where she held the position of chief marketing officer and senior vice president of field operations. She has …

Bank Insurance Brokerage Fee Income Up 15% in Q1

First-quarter bank holding company (BHC) insurance brokerage income of $3.03 billion was up 15.0 percent from $2.63 billion in fourth quarter 2008, which marked the lowest point of quarterly insurance income since 2005, according to the Michael White-Prudential Bank Insurance …

CMIC Offers Coverage for Massachusetts Ambulatory Surgery Centers

Connecticut-based medical liability mutual insurer CMIC has launched a new professional liability policy for Ambulatory Surgery Centers based in Massachusetts. The policy is modeled after the company’s Connecticut plan, which was introduced last year. The professional liability policy includes a …

Top 100 Privately-Held Property/Casualty Agencies

Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C Revenue 2008 Rank by Revenue …

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income

Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif. 2 $1.21 billion Citigroup Inc. New York, …

Language Leads Enterprising Agent Into Successful Niche

At first glance, Kathryn Soderberg seems an unlikely expert on marketing insurance to Hispanic customers, but the tall, fair-skinned Caucasian is a frequent radio talk show guest and leading Hispanic market-training sessions for large insurance companies. Soderberg, president of Soderberg …

Court: No Coverage for Massachusetts Lawyer Who Failed to Report Claim

A claims-made and reported professional liability policy will not cover a Massachusetts lawyer who failed to notify three different insurers about a potential suit against him, the First Circuit Court of Appeals has ruled. The decision, which pitted lawyer Paul …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

Love of Language Leads Enterprising Agent Into Successful Niche Market

At first glance, Kathryn Soderberg would seem an unlikely candidate for an insurance agent whose expertise in marketing to Hispanic customers lands her gigs on radio talk shows and leading Hispanic market training sessions for large insurance companies. Soderberg, president …

Top 20 Banks in Insurance Brokerage Fee Income

Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com 2 $860.00 million Citibank, National Association Las …