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A. Petitioner Clasby
Petitioner lived in Framingham, Massachusetts, when he filed
his petition in this case.
Petitioner graduated from Boston College. He was
quarterback of the football team and is a member of the Boston
College Hall of Fame. After college, he taught at a preparatory
school in Massachusetts for 2 years. In 1952, he obtained a
master's degree in biology from Boston College. He coached
football at Boston College while attending graduate school. He
then attended Harvard Business School for 1 year.
Petitioner married Mary Garrahan in 1953. He worked for the
Travelers Insurance Co. (Travelers) from around 1954 to 1960 or
1961. He left Travelers to work for the C.T. Garrahan Insurance
Agency, Inc. (the Garrahan Agency), which was owned by his
father-in-law.
B. Petitioner Garrahan Agency
The Garrahan Agency is a Massachusetts corporation the
principal place of business of which was in Framingham,
Massachusetts, during the years in issue and when it filed its
petition in this case. The Garrahan Agency sold insurance to
individuals and businesses.
Petitioner was president of the Garrahan Agency during the
years at issue. Petitioner was a licensed insurance broker for
the Garrahan Agency. He solicited and acquired casualty
insurance business. Petitioner and his wife each received a
salary from the Garrahan Agency from 1982 to 1988. During the
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Last modified: May 25, 2011