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Commerce Insurance Group
The Commerce Insurance Company, formerly known as Commerce Insurance Group, was an American company that provided personal insurance, commercial property insurance, and casualty insurance in Massachusetts and New Hampshire. Their core product lines included personal automobile, homeowners, and commercial auto insurance. History Commerce Insurance was founded in 1972 by Arthur J. Remillard, Jr., as a small insurance company in the south-central Massachusetts town of Webster where the company is still located and headquartered. Remillard was the company's longtime CEO and chairman, retiring in July 2006. In April 2007, Commerce entered the New York personal lines insurance market through its acquisition of SWICO Enterprises, Ltd., the holding company for Hempstead, New York-based property and casualty insurer State-Wide Insurance Company. State-Wide Insurance Company primarily writes private passenger automobile insurance in the state of New York. In June 2008, The Commerce Group ...
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Mapfre
Mapfre, S.A. (, officially typeset MAPFRE) is a Spanish multinational insurance company, based in Majadahonda, Madrid. The name comes from the old mutual origin of the company (''Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España''), but the company now only refers to itself as Mapfre. It is the leading insurance company in Spain and the largest non-life insurance company in Latin America. The company purchased Webster, Massachusetts-based Commerce Insurance Group, a major provider of vehicle insurance, for over €1.5 billion in October 2007. Mapfre was listed in the Fortune Global 500 list on its 2008 edition. Rafael Nadal is officially sponsored by the company. In October 2010, Mapfre acquired British travel insurance provider InsureandGo for an undisclosed sum. In March 2012, Antonio Huertas took over as Mapfre's chairman from José Manuel Martínez, who had held the role since 2001. History Spain * 1933: The Agrupación de Propietarios de Finc ...
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Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ...
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Property Insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, cyber-attack, and theft. History Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses. The devastating effects of the fire converted the development of insurance "from a matter of conv ...
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Casualty Insurance
Casualty insurance is a defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for negligent acts or omissions.AllBusinessCasualty Insurance However, the term has also been used for property insurance, aviation insurance, boiler and machinery insurance, and glass and crime insurance. It may include marine insurance for shipwrecks or losses at sea, fidelity and surety insurance, earthquake insurance, political risk insurance, terrorism insurance, fidelity and surety bonds. One of the most common kinds of casualty insurance today is automobile insurance. In its most basic form, automobile insurance provides liability coverage in the event that a driver is found "at fault" in an accident. This can cover medical expenses of individuals involved in the accident as well as restitution or repair of damaged property, all of which ...
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New Hampshire
New Hampshire is a U.S. state, state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec to the north. Of the 50 U.S. states, New Hampshire is the List of U.S. states and territories by area, fifth smallest by area and the List of U.S. states and territories by population, tenth least populous, with slightly more than 1.3 million residents. Concord, New Hampshire, Concord is the state capital, while Manchester, New Hampshire, Manchester is the largest city. New Hampshire's List of U.S. state mottos, motto, "Live Free or Die", reflects its role in the American Revolutionary War; its state nickname, nickname, "The Granite State", refers to its extensive granite formations and quarries. It is well known nationwide for holding New Hampshire primary, the first primary (after the Iowa caucus) in the United States presidential election ...
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Webster, Massachusetts
Webster is a town in Worcester County, Massachusetts, Worcester County, Massachusetts, United States. The population was 17,776 at the 2020 United States Census, 2020 census. Named after statesman Daniel Webster, the town was founded by industrialist Samuel Slater, and was home to several early American textile mills. It is home to the Chaubunagungamaug Reservation of the Nipmuc, as well as Lake Chaubunagungamaug, the third largest body of freshwater, and largest natural lake, in Massachusetts. History The area that is now Webster was the ancestral home of the Nipmuc people for thousands of years. It was first settled by Europeans in 1713 and was officially incorporated on March 6, 1832. The area forming the town had previously been divided among the town of Dudley, Massachusetts, Dudley, the town of Oxford, Massachusetts, Oxford and an unincorporated Gore (surveying), gore. The primary founder was the manufacturer Samuel Slater, who came to the area after his celebrated activ ...
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Hempstead, New York
The Town of Hempstead (also known historically as South Hempstead) is the largest of the three Administrative divisions of New York#Town, towns in Nassau County, New York, Nassau County (alongside North Hempstead, New York, North Hempstead and Oyster Bay (town), New York, Oyster Bay) in the U.S. state of New York (state), New York. It occupies the southwestern part of the county, on the western half of Long Island. Twenty-two incorporated Administrative divisions of New York#Village, villages (one of which is named Hempstead (village), New York, Hempstead) are completely or partially within the town. The town's combined population was 759,757 at the United States Census, 2010, 2010 census, which is the majority of the population of the county and by far the largest of any town in New York. In 2019, its combined population increased to an estimated 759,793 according to the American Community Survey. If Hempstead were to be incorporated as a city, it would be the second-largest city ...
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MAPFRE
Mapfre, S.A. (, officially typeset MAPFRE) is a Spanish multinational insurance company, based in Majadahonda, Madrid. The name comes from the old mutual origin of the company (''Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España''), but the company now only refers to itself as Mapfre. It is the leading insurance company in Spain and the largest non-life insurance company in Latin America. The company purchased Webster, Massachusetts-based Commerce Insurance Group, a major provider of vehicle insurance, for over €1.5 billion in October 2007. Mapfre was listed in the Fortune Global 500 list on its 2008 edition. Rafael Nadal is officially sponsored by the company. In October 2010, Mapfre acquired British travel insurance provider InsureandGo for an undisclosed sum. In March 2012, Antonio Huertas took over as Mapfre's chairman from José Manuel Martínez, who had held the role since 2001. History Spain * 1933: The Agrupación de Propietarios de Finc ...
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Latin America
Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived from Latin — are predominantly spoken. The term was coined in the nineteenth century, to refer to regions in the Americas that were ruled by the Spanish, Portuguese and French empires. The term does not have a precise definition, but it is "commonly used to describe South America, Central America, Mexico, and the islands of the Caribbean." In a narrow sense, it refers to Spanish America plus Brazil (Portuguese America). The term "Latin America" is broader than categories such as ''Hispanic America'', which specifically refers to Spanish-speaking countries; and ''Ibero-America'', which specifically refers to both Spanish and Portuguese-speaking countries while leaving French and British excolonies aside. The term ''Latin America'' was f ...
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Massachusetts Turnpike
The Massachusetts Turnpike (colloquially "Mass Pike" or "the Pike") is a toll highway in the US state of Massachusetts that is maintained by the Massachusetts Department of Transportation (MassDOT). The turnpike begins at the New York state line in West Stockbridge, linking with the Berkshire Connector portion of the New York State Thruway. Spanning along an east–west axis, the turnpike constitutes the Massachusetts section of Interstate 90 (I-90). The turnpike is the longest Interstate Highway in Massachusetts, while I-90, in full (which begins in Seattle, Washington), is the longest Interstate Highway in the United States. The turnpike opened in 1957, and it was designated as part of the Interstate Highway System in 1959. The original western terminus of the turnpike was located at Route 102 in West Stockbridge before I-90 had been completed in New York state. The turnpike intersects with several Interstate Highways as it traverses the state, including I-91 i ...
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Insurance Companies Of The United States
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ...
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Insurance Companies Based In Massachusetts
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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