The credit rating agency A.M. Best Co. has revised its outlook for Massachusetts-based The Hingham Group to negative from stable. Best also affirmed the financial strength rating of B+ (Good) and issuer credit ratings of “bbb-” for Hingham and its …
Standard & Poor’s Ratings has revised its outlook on Spain’s Mapfre S.A and related core subsidiaries (Mapfre Empresas, Compania de Seguros y Reaseguros, S.A. and Mapfre Re Compañía de Reaseguros, S.A.) to negative from stable. S&P also affirmed its ‘A+’ …
Two Massachusetts companies cited for safety violations in the death of a 31-year-old Londonderry, New Hampshire construction worker have reached settlements with the federal government. Robert Augeri died June 3 when a dump truck backed into him during a paving …
A Catholic diocese in Massachusetts has paid $4.5 million to nearly 60 people who say they were sexually abused by priests as far back as 1948. The agreements announced Tuesday were part of a voluntary arbitration process set up over …
Montvale, New Jersey-based Managing General Agency Jimcor Agencies has acquired wholesale brokerage Zaloom Associates Inc. Zaloom Associates will be a division of Jimcor Agencies and will be located in the Montvale office, the companies said. Jimcor CEO James Mastowski said …
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 …
Quaker Special Risk, an independent full service wholesale brokerage firm, has opened a new regional office in Duluth, Georgia. Jake Terrell, with 14 years of direct underwriting experience, will lead and manage the Southeast regional office for Quaker Special Risk. …
Use of electronic health records (EHRs) may help reduce paid malpractice settlements for physicians, according to a new study. The study, which appeared in the November 24 issue of Archives of Internal Medicine, showed a trend toward lower paid malpractice …
Super regional insurance carrier The Hanover Insurance Group, Inc. has completed the previously announced acquisition of AIX Holdings, Inc. Windsor, Conn.-based AIX Holdings is a specialty property and casualty insurer that underwrites and manages program business, utilizing alternative risk transfer …
Provider Insurance Group, a Needham, Massachusetts-based independent insurance agency, has named Kelley Tetreault its new financial services team leader. Tetreault joined Provider nine months ago, and is based out of the company’s Woonsocket office. She has several years’ experience in …
