Consumer Affairs Secretary Praises Philbin Insurance for High Standards

By Josh Resnek

Acting Secretary of Consumer Affairs and Business Regulation Edward Palleschi came to Everett last week to the Philbin Insurance Company headquarters on Broadway to praise the company for its ongoing efforts to advance leadership and competitiveness in the state’s insurance industry.

Philbin Insurance is family owned and female led with offices in Everett and Lynnfield.

“Philbin Insurance continues to advance employee development and service excellence,” Palleschi told about 20 insurance executives who attended his visit.

“Philbin Insurance operates with great excellence. The state has given the company annual 5 Star Accreditation from the Massachusetts Association of Insurance Agents. It is a pleasure for me to be here today. I congratulate you all for the great job you do,” he said.

Palleschi presented insurance company president Tara Philbin a resolution signed by Governor Charlie Baker and Lt. Governor Karyn Polito.

Philbin thanked Palleschi for coming. She also thanked the governor and Lt. Governor for the 5 Star Recognition Award.

“We are very proud of what we have accomplished and built over the years,” Philbin told the Leader Herald.

The Philbin Insurance Company was founded in 1989 by her father, Andrew Philbin.

Mr. Philbin said he was extremely proud of the agency and of his daughter’s leader- ship.

“From the moment I handed the company over to her she has succeeded in taking it to new heights and by doing the right thing for employees,” Mr. Philbin told the Leader Herald.

The company has 15 employees.

Over the past two decades, the company has bought and integrated into its business pro forma a dozen smaller insurance companies.

Tara Philbin said about half the staff works inside the offices and the other half works from home – and that COVID, and the inconvenience it has spawned, has improved the company’s performance.

She noted how several of her employees have come to Philbin Insurance from other industry sectors – and that with education and experience, have become the company’s reason for success.

Palleschi mingled with the crowd of insurance executives for about an hour before leaving to return to the State House for the governor’s State of the State address.

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