As of July 25th of this month, ProMutual Group, the Boston-based medical professional liability insurance company is now Coverys. “We believe the new name, Coverys, will better position the member companies as an integrated whole and will better reflect the services we offer,” explains Richard W. Brewer, president and CEO of Coverys. “This is an […]
Insurers News | Massachusetts
A+ Insurance Coverage for Schools
The Hanover recently announced that it has further expanded its Education Advantage Program to offer more choices to create custom-designed solutions for educational institutions of all shapes and sizes. The new products will now provide expanded solution targets to a wide range of schools, including private and public schools grade K-12, charter schools, vocational/trade schools, […]
The Hanover Completes Chaucer Acquisition
On July 1st The Hanover completed its acquisition of the U.K.-based Chaucer Holdings PLC, a leading specialist Lloyd’s insurance group. Total consideration paid for the transaction amounted to approximately $474 million. “The combination of our companies represents an important milestone in our journey to build a world class property and casualty organization and to significantly […]
Narragansett Bay Agrees to Take Over Homeowners Insurance Renewals for State Auto in R.I. & MA
The Narragansett Bay Insurance Company announced last week that it will offer home insurance renewal policies to State Auto Customers in Massachusetts and Rhode Island. State Auto had recently announced to its Massachusetts and Rhode Island independent agents that it would continue to write business insurance and farm insurance in Massachusetts, but will not be […]
New Analytical Support for Insurers Embracing UBI
In response to the auto insurance revolution caused by the rise of usage-based auto insurance (UBI) also known as “pay-as-you-drive”, the global consulting firm Towers Watson announced this week that it is now offering a new drive-score analytic service to insurers. DriveAbility will provide analytical support for insurers that translates to an individual score for […]
