INSURANCE JOURNAL

The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Massachusetts-based personal lines writer Commerce Group.

Mapfre officials calculate that about 14 percent, or some 22 million, of Commerce's customer base in its 17 states of operation is Hispanic ... About 80 percent of Commerce's business is in Massachusetts, New Hampshire and Rhode Island where it has operated for years, while another 15 percent is in California, Arizona, Oregon and other Western states. More recently, it has been expanding into New York, New Jersey, Connecticut, Pennsylvania and several Midwest states.

READ MORE: http://www.insurancejournal.com/news/east/2007/11/01/84706.htm

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