Plans for future growth:
Don Logan joined the agency in 2005 bringing with him a few hundred customers and 32 years of industry experience. To continue growth in a competitive market and even more demanding sales arena, we are looking to the next and younger generation. Ryan McGuane, a UMass Boston Economics graduate and a 4th generation Foster institutes his expertise in the financial field to the areas families and business. Working with Massachusetts Mutual he is able to explore numerous markets to best profile your immediate financial needs. Ryan R. Logan has come on board in the Property and Casualty line of insurance after 3 summers of interning. A graduate of UMass Amherst Isenberg School of Management, he intends to follow his father Don’s footsteps to build a strong customer following in North Central Ma. Foster Insurance Agency is apart of the Insurance Services of New England, a group of similar, well run agencies in New England. Through this group we gain access to most insurance companies in the US and the joint experience of its 400 experienced personnel.
History of Foster
Insurance Agency
Ralph S. Foster, looking for a change and a better career than farming, started his insurance and real estate business in 1924, selling automobile and homeowners policies. His two sons, Roger W. and Robert N., joined him after W.W.II and college and the business continued to expand.
Scott W. Foster joined the firm 1972 after his father, Roger, peaked his interest in the insurance industry, and in 1983 purchased the agency. Today, the agency has 13 employees between the Fitchburg and Ashburnham offices and the family business is still growing and prospering.
As President, Scott W. Foster, CPCU, AAI, LIA, carries on the tradition continuing to actively seek new avenues and opportunities to serve clients.
“During the past 84 years we have shared wars, prosperity, depression, inflation, natural disasters, financial set-backs, high interest rates, shortages, population and atomic explosions, high employment, unemployment, the energy crunch, and even peace – with you. Most importantly we shared in your big decisions at a time when being right was crucial.
Today is no different. The need for professional expertise is still evident. The world is moving fast and changing dramatically. Opportunities continue to abound but require greater scrutiny, analysis and involvement on our part. As in the past, we are ready, qualified and equal to the challenge.”
Business Chronology
K. A. Francis – 1899 or before
Sidney H. Francis – 1909
Ralph L. Whitcomb – 1920
Whitcomb & Foster – 1924
Ralph S. Foster – 1927
Ralph S. Foster & Son – 1948
Ralph S. Foster & Sons, Inc. – 1952
Foster Group – dba 1966 (for all Foster Companies)
Foster Insurance Agency, Inc. – 1995
Agency Mergers
Will Russell – 1931
Merrill Agency – 1940
John Faxon – 1944
Norman W. Klein Agency – (1892) – 1948
D. A. Robinson
Jennie Champa
Leslie Mossman
Bamford Agency
William S. Putnam
Franklin Asselta
Roger W. Sherman
Margaret S. Aitchison – July 1952
Sylvia Sarkin – 1952
Stuart Cook – 1962
Paul Maynard – 1962
Edward B. Haley – August 1972
Roger & Merelyn Foster to Scott Foster October 1, 1983
Leo Glickman (Richard Woodruff) – November 1985
R. W. Bickford (Arlone Bickford) January 1986 Ashburnham
E. F. King (Henry Gauthier) December 2004 Ashburnham
Family Members
Roger W. Foster joined firm in 1948
Robert N. Foster joined firm in 1950
Scott W. Foster joined firm in 1972
Roger W. Foster, Jr. joined firm in 1973
Brenda Foster joined firm in 1975
Allan D. Foster joined firm in 1978
Ryan J. McGuane joined firm in 2005