Eastern Insurance plans to buy Anderson Insurance
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Eastern Insurance Group, a Natick subsidiary of Eastern Bank, said it plans to acquire Marshfield-based Anderson Insurance Services Inc.
Anderson specializes in musical instrument insurance as well as offering auto, life, home, boat, annuities, and business insurance, Eastern Insurance said.
Terms of the agreement are not being disclosed, an Eastern spokesman said.
When completed, the […]
Is Your Homeowners Insurance in Shape for Summer?
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This may be a good time to check up on your homeowners insurance coverage.
Hurricane season begins on June 1. Even if you don’t live in a coastal region, tornadoes, floods, fires or earthquakes could threaten your domicile. So it pays to be prepared.
First and foremost, you need to make sure […]
D-Day for bids as RBS sells insurance business
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Royal Bank of Scotland will today learn which of seven suitors are throwing their hats into the ring for its insurance business, potentially sparking a £7.5bn bidding war, as the group looks to offload the asset by the end of the summer.
This comes as rival banking group Barclays announced it […]
U.S. FASB issues new insurance accounting rule
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The Financial Accounting Standards Board, which sets U.S. bookkeeping rules, issued a new rule on Friday to help standardize the way insurance companies account for financial guarantee insurance contracts.
Financial guarantee insurance provides protection from losses to a holder of a financial obligation, such as a municipal bond or asset-backed security, in the event […]
Zurich leads bids for RBS insurance arm
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ZURICH Financial Services has emerged as a front runner to snap up Royal Bank of Scotland’s insurance arm as the deadline for initial bids approaches.
Bidders must submit by Wednesday their indicative bids for the division, which includes top brands Direct Line and Churchill. It has been put up for sale with a price […]
Regions Insurance income jumps
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The last couple of mergers involving Regions Financial Corp. have resulted in lost jobs, but at least one division is growing and firmly planting itself in the Memphis market.
“We love Memphis,” says Daryll Martin, executive vice president and director of strategic initiatives for Regions Insurance Group, Inc.
Martin touts the investments made […]
Choosing a no-frills insurance plan
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Some insurance companies offer return of premium and others offer plain products. It is advisable to take plain products and save on the extra premium, which can be invested in other avenues.
If you are looking for a no-frills insurance plan that covers you against risk to life, then a plain-vanilla term assurance […]
After Cancellations, 1,200 Californians Get Health Insurance Back
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The health insurance pendulum is swinging back the other way in California.
Insurers in the state have been taking some heat in recent months for canceling policies of individuals who had inaccuracies on their applications. But in a deal yesterday, two big insurers in the state agreed to restore coverage for nearly 1,200 […]
Complaints about health premiums spike
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COMPLAINTS about private health insurers hiking premiums jumped 114 per cent in the March quarter compared with the same period 12 months ago, new figures reveal.
The news comes as doctors and funds argue changes to the Medicare levy surcharge, announced in this week’s budget, could lead to even greater premium increases if […]
State lifts ban on Allstate selling new insurance policies
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Allstate Corp.’s insurance companies can resume selling new car insurance and other policies in Florida, the state’s insurance regulator said Friday.
Insurance Commissioner Kevin McCarty lifted the suspension because he said Allstate has turned over documents that regulators demanded along with an affidavit that everything being sought was included.
The state had said […]