Crosbie-MacDonald Ins. Agency

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50 Braintree Hill Office Park
Suite #107
Braintree, MA 02184

Phone: (617) 523-4500
Fax: (617) 523-5245
CMacdonald@crosbiemac.com

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Insurance News

Tue, 15 Apr 2014 16:51:35 +0000
Starkweather & Shepley Insurance Brokerage Inc. has appointed Stephen Primiano as healthcare risk specialist. Primiano will working out of Starkweather’s Westwood, Mass., location, where he will continue to develop risk management strategies for hosp...
Tue, 15 Apr 2014 16:48:40 +0000
While scientists, politicians and engineers ponder ways to better protect New Jersey from storms like Superstorm Sandy, some of the best ideas are coming from those who suffered the most. As the second summer after Sandy approaches, several of the …The...
Tue, 15 Apr 2014 16:46:34 +0000
Zurich has launched a new Enterprise Risk Management (ERM) healthcheck assessment tool for financial institutions.  The tool was created to assist financial institutions in response to recent regulations making them more accountable for risk managemen...
Tue, 15 Apr 2014 16:39:38 +0000
The Texas Windstorm Insurance Association, the insurer of last resort for wind and hail along the Texas coast, reported it has established a Claims Call Center that is open 24 hours, seven days a week. TWIA is encouraging its agents …The article Texas ...
Tue, 15 Apr 2014 16:38:45 +0000
The U.S. House of Representatives in early April passed a bill sponsored by an Oklahoma congressman that would enable development of technology for improving weather forecasting and predicting. Rep. Jim Bridenstine of Oklahoma’s 1st District said HR ...
Tue, 15 Apr 2014 16:37:50 +0000
Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers.  Ironshore’s “Crisis ThreeSixty” (with recall reimbursem...
Tue, 15 Apr 2014 16:36:37 +0000
Officials in the Minot, N.D., area say more state aid will be needed for an $820 million flood protection project for the Souris River Basin unless federal funds materialize. The State Water Commission developed the flood protection plan for the …The a...
Tue, 15 Apr 2014 16:35:17 +0000
Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor ordered an unlicensed insurance entity, My Community Care LLC, and its owner Tannile Ortiz to stop selling what the insurance department says is an unlawful product in the state ...
Tue, 15 Apr 2014 16:33:28 +0000
The Missouri Department of Insurance appointed two veteran regulators to key leadership posts. Carrie Couch has been named the acting director of the Consumer Affairs Division and William Leung has joined the Division of Insurance Company Regulation as...
Tue, 15 Apr 2014 16:32:38 +0000
People are driving less, and their vehicles have become more fuel efficient. While those might be considered positive trends, a potential decline in gas-tax revenue is one reason the Oregon Department of Transportation says it is on track to spend …The...
Tue, 15 Apr 2014 16:30:13 +0000
About two dozen highways in Arkansas are set to receive a new pavement treatment that’s aimed at reducing crashes during wet weather, according to Arkansas highway officials. High-friction surface treatment is now used on some Arkansas interstates and ...
Tue, 15 Apr 2014 16:29:47 +0000
A federal judge is not inclined to dismiss a lawsuit alleging Hawaii discriminates against those with limited English skills by making it difficult for them to obtain a driver’s license. U.S. District Judge Susan Oki Mollway said in court documents …Th...
Tue, 15 Apr 2014 16:15:42 +0000
A new state mine safety rule will require coal operators to install detection systems that automatically shut down continuous mining machines when people get too close. The rule gives companies until July 1, 2017, to install proximity detection systems...
Tue, 15 Apr 2014 16:12:45 +0000
Michael Zuno Zuniga, 43, of Fullerton, was sentenced to five years in Los Angeles County Jail and ordered to pay $1.2 million in restitution for his participation in a Ponzi scheme targeting Los Angeles area seniors. Zuniga was arrested in …The article...
Tue, 15 Apr 2014 16:05:48 +0000
National Financial Partners Corp. P&C California has hired Sue Merk as vice president of business development in California. Merk will focus on expanding and cultivating cross sell opportunities for NFP’s California region. Merk has more than 25 year...
Tue, 15 Apr 2014 16:04:55 +0000
Edgewood Partners Insurance Center named Michael Gonthier chief financial officer. Elaine Andrian, EPIC’s current CFO, will now focus on merger and acquisition strategy and diligence. Gonthier will be responsible for overseeing all finance and accoun...
Tue, 15 Apr 2014 15:19:39 +0000
Insurance industry lobbying groups are hopeful that the bipartisan legislation introduced in the Senate on April 10 to reauthorize the Terrorism Risk Insurance Act, or TRIA, will have a better chance for passage than some of the earlier House attempts....
Tue, 15 Apr 2014 15:05:28 +0000
South Carolina lawmakers are moving forward with a plan to increase grants to homeowners who strengthen their homes against storm damage. The South Carolina Senate Finance Committee approved the “Competitive Insurance Act,” which will provide $1.6 ...
Tue, 15 Apr 2014 13:42:07 +0000
A National Safety Council public opinion poll indicates that 80 percent of drivers across the country believe that hands-free devices are safer than using a handheld phone despite evidence this is nit true. More than 30 studies show hands-free devices ...
Tue, 15 Apr 2014 13:36:01 +0000
Even with U.S. auto recalls on pace to reach the highest level in a decade this year, there’s a good chance many of the vehicles won’t get fixed. About a third of all recalled cars and trucks don’t get repaired, …The article 1 in 7 Cars on Road H...
Tue, 15 Apr 2014 13:29:51 +0000
The health law will cost $104 billion less over the next decade, the Congressional Budget Office said after premiums for private Obamacare plans came in lower than the agency expected. The premium for a benchmark “silver” level plan, the second-mos...
Tue, 15 Apr 2014 12:30:20 +0000
Energy companies have no insurance against major cyber attacks, reinsurance broker Willis said, likening the threat to a “time bomb” that could cost the industry billions of dollars. Willis highlighted the industry’s vulnerability to cyber threats in i...
Tue, 15 Apr 2014 10:30:24 +0000
A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of UK-based Samsung Fire & Marine Insurance Company of Europe, Limited (SFME), both with stable outlooks. Best said SFME’s ratings “...
Tue, 15 Apr 2014 10:25:35 +0000
The London-based Nexus Group, a Managing General Agency (MGA) announced the formation of a new specialist product line covering a wide range of accident, sickness and travel insurance, written on a direct and facultative basis, up to an Event Aggregate...
Tue, 15 Apr 2014 10:21:54 +0000
A.M. Best has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa” of the North American property/casualty subsidiaries of ACE Limited, which is bas...
Tue, 15 Apr 2014 10:15:16 +0000
Catastrophe modeling firm AIR Worldwide announced that Dr. Jayanta Guin has been appointed executive vice president. He “will continue to direct AIR’s innovative research program as well as assist with strategic management of AIR’s overall busine...
Tue, 15 Apr 2014 10:09:56 +0000
In the “investment banker 101 playbook” for cyclical industries the reinsurance industry has arrived at the page marked “weak pricing due to too much competition; sell M&A services to our clients,” wrote Stuart Shipperlee, Analytical Partner at Lon...
Tue, 15 Apr 2014 09:58:02 +0000
XL Group Plc Chief Executive Officer Michael McGavick said he’s open to proposals for the company’s life reinsurance business as investment firms expand their pursuit of deals for such assets. “There has been increasing interest in transactions i...
Mon, 14 Apr 2014 22:21:32 +0000
The U.S. Senate is close to extending an insurance program Sen. Charles Schumer said is vital to New York’s post-9/11 resurgence and economic development in cities across the country. Schumer, D-N.Y., introduced a bill on April 10 that would extend …Th...
Mon, 14 Apr 2014 17:34:56 +0000
FedEx Corp. will be in the spotlight of U.S. safety investigations operating alongside local law enforcement inquiries after a fiery truck-bus collision killed 10 people in California. Two federal agencies said that they were joining the probe into the...