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 …
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 …
Automobile fatalities declined in 40 states in 2008, according to a survey of state highway safety agencies, an early sign that traffic deaths could dip to their lowest levels in four decades. The Governors Highway Safety Association, which represents state …
Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester, Massachusetts-based insurer earned in …
The U.S. Senate Tuesday defeated a provision to slash the tax rate on profits that companies bring into the United States from overseas, voting not to include it in the economic stimulus package. The measure would have temporarily cut the …
An advocacy group for Massachusetts doctors said it will offer a bill in the state legislature to eliminate the expanded liability of physicians which was created by two recent court decisions. The Massachusetts Medical Society said the legislation would eliminate …
A new study shows about 10 percent of drivers in Delaware are uninsured, and that number could be headed higher. The survey by the Insurance Research Council suggests the reason is the economic downturn. It predicts the number of uninsured …
Natick, Massachusetts-based Eastern Insurance Group has acquired Rosemary Walker Insurance Agency in Danvers. Terms of the deal were not disclosed. Rosemary Walker was founded in 1970. Eastern said the acquisition will increase its customer base north of Boston, where it …
About one in four Oklahoma drivers is uninsured, the fourth-worst rate in the nation, according to a recent study. The study by the Insurance Research Council, which includes data from 2007, shows 24 percent of Oklahoma motorists have no insurance …
A man authorities say participated in a series of staged auto accidents in Lawrence in an effort to defraud insurers has been sentenced to nine months in prison. Leo Lopez was also also ordered Monday to pay nearly $56,000 in …
