Massachusetts News

Business Moves

Westfield Insurance, NGM Insurance Co. Westfield Insurance will transfer its personal lines business in Delaware to The Main Street America Group’s NGM Insurance Co., Main Street said. Westfield, which is headquartered in Westfield Center, Ohio, entered Delaware in 2000 through …

Declarations

Fallen Tower Crane “He is the expert in cranes, the go-to guy. Bill Rapetti wouldn’t put a worn strap on a crane.” โ€”Arthur Aidala, lawyer for contractor William Rapetti, who faces seven manslaughter charges in connection with the fatal collapse …

Specter of Danger Surrounds Cell Phones in Cars

Earlier this month, lawmakers in Maine and Delaware said they would consider restrictions on drivers’ cell phone use, but a national safety group says that the only sufficient limit to guarantee safety is a complete ban on the devices for …

Business Moves

Victoria, Cranbrook Victoria Insurance Co., a subsidiary of Michigan-based USF Insurance Co., has changed its name to Cranbrook Insurance Co. Cranbrook is incorporated in Texas with its headquarters in Farmington Hills, Mich., and is an A.M. Best A- rated property …

Business Moves

AFCO Credit, Cananwill AFCO Credit Corp. plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp. The purchase is expected to be completed by the end of the first quarter. Terms were …

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. Since it couldn’t beat independent agents and brokers — who dominate sales in this segment — Liberty Mutual has decided to join them. …

Coffey Joins Pinnacle Financial Group in Massachusetts

Southborough, Massachusetts-based insurance consulting firm Pinnacle Financial Group has named Kevin R. Coffey as director of operations. Coffey will oversee all of Pinnacle’s operations, including its finance and technology functions. Coffey brings over 20 years of professional experience to the …

Economic Downturn Driving More Motorists to Ranks of Uninsured

Approximately one in six drivers across the U.S. may be driving uninsured by 2010, according to a recent study from Insurance Research Council (IRC). Although the estimated percentage of uninsured motorists decreased nationally, from 14.9 percent in 2003 to 13.8 …

Nebraska Could Be Next State for Fire-Safe Cigarette Law

Nebraska has fallen out of the mainstream when it comes to smoking-related laws, but that could change. Thirty-seven states have passed laws requiring that all cigarettes sold in their states be fire-safe. Nebraska is not among them, but the state …

Mass. Court: Professional Liability Policy Excludes Document Theft

A document management company that allowed a client’s sensitive documents to be taken is not covered by a professional liability policy with an intellectual property exclusion, the Massachusetts Supreme Judicial Court has ruled. The case – which pitted Uniscribe Professional …