Inbox [Aug. 17]: HECCMA picks Maloney for board chair, McGovern announces $7.3M in college-readiness grants, Providence and Worcester Railroad set for $126M sale, Hanover Insurance given five-star rating

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College leaders tap Maloney to chair HECCMA board

Worcester State University President Barry M. Maloney was recently elected by his fellow presidents to chair the Higher Education Consortium of Central Massachusetts [HECCMA], the association of public and private accredited colleges and universities in central Massachusetts.

Barry Maloney and David Angel

Courtesy Higher Education Consortium of Central Massachusetts

Worcester State University President Barry Maloney, new chairman of Higher Education Consortium of Central Mass., receives the gavel from outgoing chairman David Angel, president of Clark University.

HECCMA includes Anna Maria College, Assumption College, Becker College, Clark University, Holy Cross, Cummings School of Veterinary Medicine (Tufts University), MCPHS University, Quinsigamond Community College, UMass Medical School, WPI, and Worcester State University.

Members of the association congratulated Maloney on his election and praised his prior work with HECCMA. “I look forward to partnering with President Maloney during his two-year appointment as chair,” said Jeanine B. Went, Ph.D., HECCMA’s executive director. “His passion for collaboration and boundless ideas for the future will serve the organization well.”

Read the entire story on the Worcester State website


McGovern announces $7.3 million in grants to increase college access

U.S. Rep. James P. McGovern, D-2nd, announced $7.3 million in funding from the U.S. Department of Education for Massachusetts Education and Career Opportunities, Inc. (MassEdCO) in Worcester. The funding is through a $5.5 million five-year grant from the Educational Opportunity Centers (EOC) program and a $1.8 million five-year grant from the Education Talent Search (ETS) program.

U.S. Rep. Jim McGovern

Office of Congressman Jim McGovern

U.S. Rep. Jim McGovern

Both awards will support MassEdCO’s mission to help more Massachusetts residents pursue a college education and good-paying jobs. MassEdCO is a statewide network of service sites that provides education and career advising to more than 14,000 individuals each year. This new federal funding will help MassEdCO continue to pursue its mission to assist individuals in identifying a potential career path and the education programs that will lead to that career, and help them enroll in, pay for and succeed in the appropriate education program.

“A college education can be a game changer, but for so many families working to reach the middle class, a college degree is too often out of reach. With this grant we can help to change that,” McGovern said. “Every year MassEdCO helps thousands of Massachusetts residents pursue and receive a college education and help with their career and these new funds will help to continue that important work. This smart investment in our community will open doors for so many and I look forward to seeing all the good that it will do.

“MassEdCO is extremely pleased to be able to continue its delivery of critical post-secondary access services in high-need areas across the state,” MassEdCO CEO Pamela Boisvert said. “An array of academic and career advising services funded through the EOC and ETS programs enable over 6,800 Massachusetts residents annually to progress toward their academic and career goals.”

Read the entire story on McGovern’s congressional website


Providence and Worcester Railroad to be sold

Genesee & Wyoming Inc. has agreed to acquire Providence and Worcester Railroad for $25 per share, or approximately $126 million. Subject to satisfaction of customary closing conditions, the acquisition is expected to close following the receipt of P&W shareholder approval in the fourth quarter.

P&W Logo

P&W operates in Rhode Island, Massachusetts, Connecticut and New York, and is contiguous with G&W’s New England Central Railroad and Connecticut Southern Railroad. Rail service is provided by about 140 P&W employees with 32 locomotives across 163 miles of owned track and about 350 miles under track access agreements, including exclusive freight access over Amtrak’s Northeast Corridor between New Haven, Conn., and Providence, R.I., and trackage rights over Metro-North Commuter Railroad, Amtrak and CSX Corp. between New Haven, Conn., and Queens, N.Y.

Robert H. Eder, longtime chairman and CEO of Providence and Worcester, said: “Becoming part of the Genesee & Wyoming family with its record of emphasis on safety and investment in its rail infrastructure ensures that our Company will continue to provide the quality of service which our customers and the communities we serve have enjoyed over the 40+ years since we re-commenced independent operations while at the same time continuing and improving on our programs to promote employee and community safety.”

Read the entire story on BusinessWire.com


Trade magazine names Hanover Insurance Group top insurance carrier

The Hanover Insurance Group has been given a five-star rating for its excellent service in a survey of insurance producers.

Insurance Business America, a bimonthly industry magazine, surveyed hundreds of producers last month to determine which aspects of carrier performance are most important to them. These ranged from competitive rates to technology and automation capabilities, claims processing efficiency, and more.

The producers were then asked to rate their primary carrier’s performance across 10 criteria. Out of the hundreds of responses, only 18 carriers scored a 5 or higher rating in at least one category. These companies were awarded five-star ratings and featured in the latest issue of Insurance Business America.

Of the 18 carriers that made this year’s list, The Hanover Insurance Group received 5-star marks in five out of the 10 categories, specifically:

  • Claims processing
  • Competitive rates
  • Underwriting expertise
  • Commitment to the broker distribution channel
  • Technology and automation capabilities

Read the full report in Insurance Business America’s latest edition

— Cindy Henderson

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