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In June 2008, The Commerce Group, Inc. was acquired by MAPFRE S.A. MAPFRE is the largest insurance group in Latin America and has a presence in 43 countries, with about 51,000 agents worldwide. The company was renamed as MAPFRE Insurance. Commerce also sponsored a roadside assistance program for the Massachusetts Turnpike and Mass Highway.
Commerce Insurance was founded in 1972 as a small insurance company in the south-central Massachusetts town of Webster, where the company is still located and headquartered. 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 ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
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Commerce National Insurance, Commerce National Insurance Services, or Commerce Insurance Services is the insurance subsidiary of Commerce Bancorp and maintains its headquarters in Cherry Hill, New Jersey. Commerce National is one of the 25 largest insurance agencies in the United States, and is licensed in all 50 states
The average cost of car insurance in Massachusetts is $1,665 for full coverage insurance and $413 for minimum coverage insurance. The average car insurance premium in Massachusetts is ...
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