Shop Talk: What’s happening on the local business scene

The Daily ItemAllstate to sell car insurance in Bay StateAnother major company plans to begin selling auto insurance in Massachusetts.Allstate Insurance Co., the nation’s second-largest auto insurer, announced Monday it has filed paperwork with the Division of Insurance to return to Massachusetts after a long absence.Allstate joins Geico and Progressive as large insurers that have entered the state since the advent of a “managed competition” system in April 2008. Prior to that, Massachusetts was the last state in the nation in which auto insurance rates were fixed by the insurance commissioner.Allstate has set Nov. 2 as a target date for selling policies in Massachusetts. While the company will not have exclusive agents in the state, it plans to sell directly by telephone and Internet, and through existing agents elsewhere in New England.East Boston Savings Bank makes promotionsEast Boston Savings Bank announced the following promotions at the annual meeting of its parent company, Meridian Financial Services, Inc.: Eric Heath, Senior Vice President, Human Resources; John Migliozzi, Senior Vice President, Lending; Joseph Scurio, Vice President, Small Business Administration, Lending; Philip Pace, Vice President, Compliance; and Michele Pergola, Vice President, Loan Review.Heath, who has been with EBSB for 20 years, has served as Vice President Human Resources since 2001. He is responsible for the management of the bank’s overall HR function, including compensation, benefits, recruitment and formulation of policy. He holds the Senior Professional in Human Resources designation from the Human Resources Certification Institute.Migliozzi has led the commercial lending division of EBSB since 2002. He is now the senior lender responsible for all commercial, residential and consumer lending at the bank. He started at EBSB in 1998 as a commercial loan officer.Scurio will be spearheading EBSB’s new SBA business line. He has been with the bank since 2006, working as Assistant Vice President commercial loan officer. He has more than 20 years’ experience in the banking industry.Pace has been with EBSB since 2001 and has worked as Assistant Vice President compliance officer since 2007. He is responsible for regulatory compliance writing and acting as a liaison to auditors and state and federal regulators. He also serves as the bank’s Community Reinvestment Act officer.Pergola came to EBSB in January as a loan review officer. She performs reviews of the bank’s portfolio to protect credit quality, portfolio management of nonperforming loans and bank-owned property.Founded in 1848, East Boston Savings Bank has 12 full-service branches, located in East Boston, Everett, Lynn, Melrose, Peabody, Revere, Saugus, Wakefield and Winthrop. At EBSB all deposits are insured in full through membership in both the FDIC and DIF. EBSB is an Equal Housing Lender.Lynn Chamber to holdMay 29 healthcare forumThe Lynn Area Chamber of Commerce (LACC) will present “Healthcare for Business: Current & Future Trends” on May 29th at The Blue Ox Restaurant, 191 Oxford St., beginning at 7:30am.Scheduled guest speakers are Kevin Counihan, Chief Marketing Office for the Commonwealth Health Insurance Connector Authority; David Ten Eyck, Vice President of Marketing for the Insurance Partnership of the Commonwealth of MA and John Vigliotti of John Vigliotti Insurance.Attendees will learn about current rates, rate trends and solutions to cut costs, plus hear about the benefits and flexibility of the Commonwealth Connector regarding how to get access and enroll, as well as how to qualify for the Insurance Partnership of the Commonwealth of Massachusetts which can pay a percentage of the employee’s premiums.The cost to attend is $20 and includes a full breakfast. Please note that there is no invoicing for this event and payment must be made in advance or at the door. To RSVP or for more information please contact the office at 781-592-2900, email info@LynnAreaChamber.comCopyright

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