Insurance
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Despite Sandy FM Global posts 2012 profit, reversing 2011 loss
FM Global, one of the world’s largest business property insurers, ended 2012 with posted revenue of $5.5 billion, an 8.6 percent increase over 2011’s total. more
FM Global gets ‘AA’ rating from Fitch
FM Global, one of the world’s largest commercial property insurers, has received an “AA” – or very strong – financial strength rating from Fitch Ratings, according to a press release. more
Beacon Mutual to host small business expo
An expo on funding, legal issues, copyrights and other topics affecting small business will be held April 23 at the Providence Marriott. The expo, “A Beacon for Small Business,” is sponsored by The Beacon Mutual Insurance Company. more
MetLife shifts workers to North Carolina
(Updated, 3:30 p.m.) MetLife Inc., the largest U.S. life insurer, is shifting workers to North Carolina as CEO Steven Kandarian seeks to reduce costs. more
Despite Sandy, Amica sees 2012 profits rise
Despite a second consecutive year of “historic catastrophic claims,” the Amica Mutual Insurance Co. saw its bottom line increase 14.6 percent year over year in 2012. more
| 2/21/13
Vehicles damaged from Sandy tops 250K
More than 250,000 vehicles were damaged across parts of the United States as a result of Hurricane Sandy, the National Insurance Crime Bureau announced Thursday. more
| 2/21/13
Michael Baduira
Michael Baduira has been named a retirement plan adviser with Cornerstone Retirement Plan Administrators. more
2/18/13
Kirk Lusk
Kirk Lusk has been named chief financial officer of Narragansett Bay Insurance Co. more
2/18/13
Grant Livingston
Grant Livingston has been hired as a senior retirement plan adviser at Cornerstone Group, where he will be responsible for helping the firm’s small-business clients manage their retirement plans. more
2/18/13
Colorado insurer settles cancellation dispute
BOSTON – A Colorado-based insurer last week agreed to pay $42,000 to resolve allegations that it illegally and prematurely canceled certain auto-insurance policies belonging to roughly 50 Massachusetts customers, Attorney General Martha Coakley announced. more
2/4/13
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