High-profile crackdowns on auto insurance fraud have resulted in dramatic savings for drivers in some Massachusetts communities. The statewide average premium is scheduled to drop by nearly 12 percent on April 1, but drivers in some communities where antifraud task …
American International Group, Inc. (AIG) has submitted a letter to the board of directors of 21st Century Insurance Group proposing to acquire the outstanding 38.1 percent publicly held shares of 21st Century for $19.75 per share in cash. AIG and …
Canada’s Kingsway Financial Services, Inc. has agreed to acquire Mendota Insurance Co., a wholly owned subsidiary of The St. Paul Travelers Companies, Inc. The transaction includes Mendota’s wholly owned subsidiaries, Mendakota Insurance Co. and Mendota Insurance Agency, Inc. Mendota is …
Lobbyists trying to influence Massachusetts legislation on Beacon Hill raked in a record $64.3 million in 2006, as they plied their trade on issues ranging from education and insurance to tobacco and cable television, according to state Secretary William Galvin. …
Massachusetts Gov. Deval Patrick said he will comprehensively review the state auto insurance system after the acting insurance commissioner on Friday suspended rules changes made in the system during the final weeks of the Romney administration. On Dec. 13, then …
Toronto-based Kingsway Financial Services announced that it has entered into an agreement with The Robert Plan Corporation (RPC) to acquire the renewal rights of RPC’s assigned risk business. “As part of these arrangements, RPC has been given the authority to …
National consumer organizations joined the Consumer Federation of America (CFA) today in Washington D.C. to release a new study concluding that the property/casualty insurance industry (which includes the nation’s home and auto insurers) has dramatically increased profits and surplus in …
0.9% The workers’ compensation voluntary loss cost decrease approved by the New Hampshire Insurance Department, along with a reduction in assigned risk rates of 0.6 percent. The new figures went into effect Jan. 1. The decision mirrors the request made …
Commerce Group, SWICO Enterprises, State-Wide Insurance The Commerce Group Inc., the largest auto insurer in Massachusetts, expects to enter the New York personal lines insurance market in 2007 as part of its plan to expand geographically. Under the terms of …
0.9% The workers’ compensation voluntary loss cost decrease approved by the New Hampshire Insurance Department, along with a reduction in assigned risk rates of 0.6 percent. The new figures went into effect Jan. 1. The decision mirrors the request made …
