New Hampshire News

Lee Named Branch VP for The Hanover in New Hampshire and Vermont

The Hanover has appointed Michael H. Lee as branch vice president for Commercial Lines for the company’s New Hampshire and Vermont markets. In this new role, Lee will lead the company’s efforts to strengthen its presence in these states by …

Penny Named Regional President at Brown & Brown

Brown & Brown Inc. has promoted J. Scott Penny to the position of regional president. Penny, who has served as a regional executive vice president since 2002, is responsible for oversight of retail profit center operations of Brown & Brown …

Business Moves

First Mercury, Valiant Michigan-based First Mercury Insurance Co. is acquiring New York-based Valiant Insurance Group Inc. in a transaction valued at approximately $55 million. The transaction is expected to close in the fourth quarter. Valiant’s existing classes of business to …

New Hampshire Hikes Surplus Lines Taxes

Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change passed earlier this year went into effect this month. The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers …

Manchester Specialty Launches Home Health Care, Medical Staffing Program

Manchester Specialty Programs Inc. (MSP) has launched a national program for home health care Providers and Medical Staffing Firms. The program will offer all lines of coverage in partnership with Everest National Insurance Company (A.M. Best rating A+ XV Superior). …

Connecticut’s American Heritage Joins SAN Group

American Heritage Financial, an insurance agency in Wallingford, Connecticut, has joined the Satellite Agency Network (SAN) Group Inc., both firms announced. “American Heritage Financial wants to remain an independent agency while representing the buyer in multiple markets,” said agency owner …

New Hampshire Hikes Surplus Lines Taxes

Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change earlier this year went into effect this month. The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers had …

Reed Insurance Agency Joins San Group

Reed Insurance Agency based in New Windsor, New York has joined the Satellite Agency Network (SAN) Group Inc. Agency Owner Kevin Reed and Matt Masiello, president and chief operating officer of New Hampshire-based SAN Group, announcing the move, said the …

10 Most, Least Affordable States for Car Insurance

Declarations

It’s a Twister? “It was a noise I never heard before… Everything was pitch black and going in a circle down the road.” —Edward Beardsley of Bridgeport, Connecticut, where a rare tornado tore through the city, ripping off roofs, knocking …