Worcester-based The Hanover Insurance Group’s $58.4 million in net income for the fourth quarter 2010 was up slightly compared to the $57.3 million reported in the fourth quarter 2009.

Salem Five Bank has entered into an agreement to acquire Reading-based Argeros Insurance, which will join Salem Five Boyle Insurance within the bank’s insurance division.

White Plains, N.Y.-based PURE Risk Management LLC has expanded Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, into Massachusetts, where it will offer property and casualty insurance coverage.

Medford-based William Palumbo Insurance Agency Inc. has formed Palumbo Construction Risk, a new division which will service those in the construction industry, according to published reports.

Robert Giller, the owner and president of Advanced Automotive Concepts Inc. in Peabody, has been arraigned in connection with collecting more than $28,000 in fraudulent insurance claims for work allegedly performed at his automotive and glass companies, according to Attorney General Martha Coakley’s office.

Quincy-based Arbella Insurance Group has donated a total of $3 million to Boston College Law School, which will establish the Francis X. Bellotti Loan Repayment and Forgiveness Program.

Amherst-based Encharter Insurance will be opening a second Connecticut office in Simsbury.

United Property & Casualty Insurance Co., a subsidiary of St. Petersburg, Fla.-based United Insurance Holdings Corp., has been approved by the Massachusetts Insurance Department to write property and casualty insurance in the commonwealth.

Springfield’s Massachusetts Mutual Life Insurance Co. (MassMutual) recently worked with the Greater Springfield Habitat for Humanity to build a new home for a local family at 161 Albemarle St. in Springfield.

Canton-based OneBeacon Government Risks, a member of OneBeacon Insurance Group, has created a new online risk management training center, which is available on its website.

Boston-based Liberty Mutual has been given awards for outstanding national and regional service to middle-market companies.

Springfield’s Massachusetts Mutual Life Insurance Co. (MassMutual) captured the silver award in Contact Center World’s 2010 “Best Contact Center in the World.”

Worcester-based The Hanover Insurance Group Inc. has declared a 25-cent quarterly dividend on its outstanding common stock.

Sales for whole life insurance improved 6 percent in the third quarter, and grew 15 percent in the first nine months of this year, according to a recent survey.

Woburn-based Savings Bank Life Insurance Co. of Massachusetts (SBLI) has been ranked one of the least likely to have its life insurance policies lapse among the nation’s insurers, according to a new study.