All the headlines from our Massachusetts Topic Page, ordered by recency.
Jul 13 2004 // Three Massachusetts insurance agencies have agreed to each pay $2,500 in civil penalties and provide legally required information about long-term care insurance, under the terms of three separate assurances of...
Jul 5 2004 // Chairman Tim Hegarty Explains How His Trade Group Serves Big and Small AlikeWhat happens when you put giants like State Farm, AIG, Nationwide and Liberty Mutual in a room with tiny farm mutuals like Husbandsmans Mutual,...
Jul 5 2004 // A number of years ago, very good friends of mine rallied their neighbors in an effort to improve their elementary school. With two young children of their own, they had a vested interest in a better school. But they and...
Jul 5 2004 // Massachusetts officials, moving deliberately to change the image of the state as a regulatory nightmare for insurance companies and to re-make its systems to look more like those found elsewhere, are making progress even...
Jul 5 2004 // Sidney R. Ferenc and Steven M. Menzies were recently elected to new management positions by the board of directors of Applied Underwriters, headquartered in San Francisco. Ferenc assumes the position of chairman of the...
Jul 1 2004 // The Fireman’s Fund Insurance Companies has given notice to Massachusetts officials that it intends to withdraw from the state’s personal automobile insurance market on Dec. 31, 2004, because of continuing...
Jun 29 2004 // The board that oversees the Massachusetts auto insurance high risk facility, Commonwealth Auto Reinsurers (CAR), voted 11-2 in favor of final rules to convert the plan to an assigned risk plan on June 29. The CAR governing...
Jun 25 2004 // Woronoco Bancorp, Inc., the holding company for Woronoco Savings Bank, has signed an agreement to acquire The Colton Agency, Inc., an insurance agency located in Westfield, Mass.The bank plans to merge the agency with its...
Jun 21 2004 // Portland, Me.-based Banknorth Group has signed a letter of intent to acquire Drake, Swan & Crocker Insurance Agency, Inc. of Orleans, Mass. The company expects to finalize the acquisition by July 1.Drake, Swan &...
Jun 18 2004 // Motorcycle drivers upset with the way insurance rates are set in Massachusetts lost a court bid to force the state to reconsider the fairness of its rating system.The Supreme Judicial Court dismissed the complaint by the...
Jun 17 2004 // The Rhode Island Senate has approved legislation introduced by Sen. James C. Sheehan (D-Dist. 36) of Narragansett and North Kingstown to integrate Rhode Island’s insurance rules and regulations with those of...
Jun 16 2004 // Leaders in the Massachusetts Legislature are mulling changes in the law governing medical malpractice lawsuits that would reduce the amount of money people harmed by malpractice will receive when they successfully sue, a...
Jun 14 2004 // Massachusetts consumers and lawmakers are often unaware of the insurance advantages enjoyed in other states or the problems within their own system and need to be educated about what they are missing, according to the head...
Jun 11 2004 // The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks.The measure permits commercial accounts with more than $30,000 in premium that...
Jun 8 2004 // Massachusetts lawmakers are recommending legislation that would place stricter requirements on teenage drivers and their parents or guardians in an effort to reduce car accidents involving young drivers.The bipartisan...
Jun 8 2004 // The board of the high risk auto insurance pool in Massachusetts has been granted an additional 30 days to finalize new rules for implementation of an assigned risk style plan.Commonwealth Auto Reinsurers (CAR), under an...
Jun 8 2004 // The impending departure of one of the few remaining commercial insurance companies offering liability coverage for physicians in Massachusetts is yet more evidence that the state faces a real crisis in professional...
Jun 4 2004 // As anticipated in an earlier report by Insurance Journal, an arm of the Massachusetts insurance department has come up with a plan to replace the state’s current safe driver insurance plan with a new one by 2006 and...
Jun 1 2004 // As expected, last week the governing committee of the high risk auto reinsurance facility in Massachusetts approved rules guiding the pool’s changeover to an assigned risk plan.Commonwealth Auto Reinsurers, known as...
May 25 2004 // Pilgrim Insurance Company, a business process outsourcing firm in Boston, last week sponsored a timely seminar to promote awareness of auto reform and methods for managing high risk business in Massachusetts.Industry...