Despite first-quarter profits being dragged dawn by winter storm claims, The Hanover Insurance Group Inc. earned its third ratings upgrade in 15 months, the Worcester, Mass.-based multi-regional insurer said. Hanover, which posted net income of $25.8 million — compared with …
A group of 25 lawyers from seven Boston-area firms have formed the Massachusetts Reinsurance Bar Association (MReBA), a group the members say is a first-of-its-kind group focused on reinsurance law. William N. Erickson of law firm Robins, Kaplan, Miller & …
The 2009 Atlantic hurricane season will produce 11 tropical storms, of which six will become hurricanes, WSI Corp predicts. The Andover, Massachusetts, private forecaster reduced its forecast from the one it issued in December, when it said the six-month season …
AIG, AIU American International Group, Inc. (AIG) has taken the first step to position the rebranding of its insurance units as an independent entity, AIU Holdings. AIG has transgered the company to a special purpose vehicle (SPV) in preparation for …
Manchester, New Hampshire based Aspen Insurance Agency has named Patrick Martell as an account executive. Martell has held several key positions in his 20-year insurance career, most recently in a sales capacity for a local insurance agency. He previously worked …
Stop putting passwords on sticky notes, require passwords for desktops and encrypt all backups. Technology is enabling independent insurance agencies to conduct business faster than ever. With the press of the return button on a computer, agencies can launch a …
Diane Sammer and her partner, Pam Dennis, were careful to sign papers giving Sammer power of attorney over Dennis’ affairs. Yet after Dennis died of a heart attack and her body was to be cremated, the undertaker refused to accept …
A federal court ruled that an insurer has a duty to defend and indemnify a flooring company which installed carpets and tiles in a Massachusetts office that were so fume-ridden, they made the building unusable. In a closely watched legal …
Massachusetts egistrar of motor vehicles is warning House members she will have to close one-third of RMV branches if they cut her budget as planned. Rachel Kaprelian said in a memo this week that trimming her budget from the $50.3 …
As part of the largest, most ambitious attempt ever launched to figure out how tornadoes form and how to predict them more accurately, engineers from the University of Massachusetts in Amherst this week are readying two special mobile Doppler radar …
