A Rochester, New Hampshire woman is suing the city, alleging it did not maintain a dam, causing her home to be devastated by flooding last year. Rufus Roux’s home was damaged in April 2007, when heavy rain and flooding hit …
The government owns hundreds of underground fuel tanks — many designed for emergencies back in the Cold War — that need to be inspected for leaks of hazardous substances that could make local water undrinkable. The Federal Emergency Management Agency …
Natick, Massachusetts-based Eastern Insurance Group has acquired Northborough, Mass.-based Kittredge Insurance Agency Inc. Eastern Insurance, part of Eastern Bank, said the acquisition increases its customer base west of Boston, where it already has eight locations. In all, Eastern Insurance has …
Jack Byrne’s magic business touch has been all about the basics paired with high drama. Once hailed as the Babe Ruth of insurance, he was the man who long ago saved Geico, the automobile insurer that later became a household …
A.M. Best Co. has assigned a financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” to Florida-based ASI Preferred Insurance Corporation, following the inclusion of the company in the American Strategic Insurance Group (ASI Group). …
Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …
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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …
The Hanover Insurance Group, Inc., in Worcester, Mass., has signed an agreement to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Co. (FAFLIC), to Commonwealth Annuity and Life Insurance Co., a Goldman Sachs company. In conjunction …
Last week’s severe tornadoes and thunderstorms in New Hampshire have prompted the state’s insurance chief to allow temporary emergency licensing of property/casualty claims adjusters to speed up recovery. Insurance Commissioner Roger Sevigny has also written to insurance companies urging them …
New Hampshire residents facing downed trees on their houses or in their yards from Thursday’s tornado could face some hefty bills. A typical homeowner’s insurance policy in New Hampshire covers only $1,000 for tree removal and $500 for any single …
