Massachusetts News

Massachusetts Ex-Regulator Joins Narragansett Bay Insurance

Julianne Bowler, former commissioner of the Massachusetts Division of Insurance, has joined Pawtucket, Rhode Island-based Narragansett Bay Insurance Co. as a senior consultant for corporate and strategic initiatives. Bowler served as commissioner from 2002 to 2007. While commissioner, she established …

Louisiana: 1 in 5 Companies May Be Breaking Workers’ Comp Law

As many as one in five businesses in Louisiana may be breaking the law requiring them to insure their workers against accidents, so the state is stepping up enforcement, officials say. The Louisiana Workforce Commission and the Attorney General’s Office …

Where Consumer, Once, Was King

It’s puzzling to ponder the thought process of a former judge who decides it’s in the public’s best interest to mothball the courthouse and replace judges with defendants empowered to hear any cases against them. But such is the situation …

It Figures

$25.2 Billion Amount U.S. property/casualty insurers expect to pay homeowners and businesses for 2008 property losses from 37 catastrophes — the fourth highest cost in a decade and the highest frequency in a decade, according to preliminary analysis by ISO’s …

Business Moves

Eastern Insurance, Rosemary Walker Natick, Massachusetts-based Eastern Insurance Group, the insurance agency subsidiary of Eastern Bank, has acquired Rosemary Walker Insurance Agency in Danvers. Terms of the deal were not disclosed. Rosemary Walker was founded in 1970. Eastern said the …

People

Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J. Weatherford, who left the NAIC in July 2008. Andrew Beal, …

People

Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J. Weatherford, who left the NAIC in July 2008. Andrew Beal, …

Business Moves

Sun Belt, Higginbotham & Associates Sun Belt Insurance & Associates Inc., a Waco, Texas-based commercial and personal insurance and group benefits brokerage firm, and Ft. Worth, Texas-based Higginbotham & Associates Inc., a national insurance and financial services firm, joined forces. …

Liberty Mutual Drops Direct Sales to Middle Market Businesses

Puts Faith in Independent Agents Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Because it couldn’t beat independent agents and brokers — who dominate sales in this segment — Liberty Mutual …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. High-Value Homeowners’ Protection Market Detail: Irwin Siegel Agency Inc. brings agents access to AIG’s Private …