Insurance
Fournier Joins Knight-Dik Insurance Agency As VP
Edmund H. Fournier has joined Worcester-based Knight-Dik Insurance Agency Inc. as vice president, with a focus on corporate insurance.
Appraisers Coping With Rising Insurance Rates
Happy about the sunset of the hated Home Valuation Code of Conduct, appraisers nonetheless have other worries floating around. And while insurance coverage isn’t necessarily one of them, insurance professionals say it might become a problem soon.
MetLife To End Sales Of New Long-Term Care Insurance
MetLife Inc. said today it plans to stop selling long-term care insurance (LTCI) at the end of December and won’t sign up new customers into group plans as of next year.
Lauretto Joins Amity Insurance
Pattie Lauretto, of Avon, has joined Amity Insurance Agency Inc. as a customer service representative.
When A Big Payoff Relies On Death To Come A-Knockin̢
One potentially unsavory niche of the life insurance industry has spawned a strange spin-off task ̢
AIG Posts Massive Loss On Sale, Goodwill Charges
Bailed-out insurer American International Group lost more than $2 billion in the third quarter as charges for the discount sale of its consumer finance unit offset growth in its general insurance business.
The Hanover’s Profits Creep Up In Q3
Worcester-based The Hanover Insurance Group has reported $52.3 million in net income for the third quarter, compared to $49.7 million in the third quarter 2009.
AIG To Get $22B In TARP Funds For Restructuring
Bailed out insurer American International Group (AIG) will get up to $22 billion more in American taxpayer funds to facilitate its restructuring and prepare for an eventual government exit, the U.S. Treasury said today.
MassMutual To Pay $1.23B In Dividends In 2011
Springfield’s Massachusetts Mutual Life Insurance Co. (MassMutual) has approved payment of an estimated $1.23 billion in dividends to eligible participating policyholders in 2011.
MassMutual Develops Program To Help Families With Special Needs
Springfield’s Massachusetts Mutual Life Insurance Co. announced a newly developed Chartered Special Needs Consultant (CSNC) designation to help financial services professionals plan for families’ special needs children’s future.
Total Bank Insurance Revenues Inch Up In First Half 2010
Total insurance revenue at the nation’s bank holding companies rose 1.4 percent to $23.9 billion in the first half of 2010, up from $23.6 billion during the same period in 2009.
Municipal Insurance Budgets At Risk
The economic downturn may have begun two years ago, but OneBeacon’s Jeff Richardson said when it comes to insurance costs, municipal budgets are only now reflecting the meltdown in earnest.
Officials Gather For Liberty Mutual Groundbreaking In Boston’s Back Bay
A groundbreaking is set today for Liberty Mutual’s expansion into Boston’s Back Bay neighborhood.
Bulman Memorialized By SBLI
A dedication ceremony recently was held at the Woburn headquarters of The Savings Bank Life Insurance Co. of Massachusetts (SBLI) to name a conference room in memory of the late Paul E. Bulman, a former state commissioner of banks who served as chairman of SBLI’s Policyholders Protective Board from 1998 until his death in February.
Shadrick Hired To Head Eastern Insurance’s Eastern Benefits Group
Matthew Shadrick has joined Natick-based Eastern Insurance Group LLC as executive vice president to lead Eastern Benefits Group, the insurance firm’s employee benefits division.
Sabel Appointed VP Of Berman Adjusters
Jeff Sabel has recently joined Newton-based insurance adjusters firm Berman Adjusters as vice president.
Report: Bank Annuity Fee Incomes Improves In Q2
Income earned from the sale of annuities at bank holding companies rose to $640.9 million, according to a report from the American Bankers Insurance Association.
British Insurer Brings Online E&O Coverage To Mass.
Plenty of customers don’t bat an eye buying car or homeowners’ insurance online, and even life insurance can be purchased with a few clicks nowadays.
Sun Life Financial Now Offering ID Theft Protection With Travel Assistance
Wellesley Hills-based Sun Life Financial Inc. is now offering an identity theft protection with its emergency travel assistance service for group basic life customers.
AIG, Federal Govt. Agree On Plan To Pay Back Taxpayers
American International Group Inc. (AIG) and the federal government laid out a plan for the insurer to eventually repay taxpayers in full, just over two years after it was rescued from the brink of collapse.