All the headlines from our Massachusetts Topic Page, ordered by recency.
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...
May 24 2004 // A plan to convert the state’s high risk auto reinsurance facility in Massachusetts to an assigned risk plan (ARP) was approved by the industry officials running the current plan at a special meeting on March 20.One...
May 24 2004 // A former Malden, Massachusetts man who pleaded guilty in a fraud scheme involving a temporary employment agency has been sentenced to more than two years in prison and must forfeit more than $700,000. Tan Ngo, 47, also...
May 24 2004 // A Massachusetts budget amendment to explore the designation of a third party administrator (TPA) to manage part of the state’s workers’ compensation assigned risk pool could compromise the services received by...
May 21 2004 // The Massachusetts Senate has passed a bill to criminalize the practices of runners in insurance fraud schemes. The measure passed 39-0 and was sent to the House.The measure makes it a crime to engage in the practice of...
May 18 2004 // Massachusetts doctors face their fourth straight year of double-digit malpractice insurance rate increases, according to the Massachusetts Medical Society, with the average rate from the region’s largest insurer...
May 17 2004 // The industry officials who run the private passenger auto high risk system in Massachusetts have started drawing up rules in response to urgings by the administration of Gov. Mitt Romney to make their operations and the...
May 6 2004 // The Property Casualty Insurers Association of America (PCI) has urged the Commonwealth Automobile Reinsurers (CAR) Governing Committee, the board that oversees the high-risk auto insurance pool in Massachusetts, to...
May 6 2004 // Hub International Limited announced that their Wilmington, Massachusetts-based hub, C.J. McCarthy Insurance Agency (McCarthy) has purchased for an undisclosed amount of cash the assets of Lyman Insurance Agency Inc. and...
Apr 30 2004 // Just hours after Massachusetts Insurance Commissioner Julianne Bowler formally called upon the industry to come up with a plan to change the way private passenger auto high risks are handled, officials of Commonwealth Auto...
Apr 29 2004 // A much-anticipated analysis of the Massachusetts private passenger auto insurance system finds that 14 percent of the state’s drivers pay less than loss costs indicate they should, while 86 percent pay more to...
Apr 29 2004 // Five Massachusetts counties that experienced severe flooding early this month have been declared major disaster areas, making residents and businesses eligible for federal aid. President Bush declared that emergencies...
Apr 27 2004 // An Abington, Massachusetts man has pleaded guilty to charges he schemed, along with his insurance agent, to avoid paying more than $131,000 in workers’ compensation insurance premiums, Attorney General Tom Reilly...
Apr 26 2004 // The Commerce Group, Inc. (NYSE:CGI ) reported 2004 first quarter results including et earnings of $51.0 million, or $1.56 per diluted share, compared to net earnings of $12.9 million or $0.40 per diluted share for...
Apr 23 2004 // Washington, D.C. – Rep. Barney Frank (D-Mass.), ranking member of the House Financial Services Committee, told a gathering of independent insurance agents on the final day of the Independent Insurance Agents &...
Apr 21 2004 // The campaign to change the way Massachusetts handles high risk private passenger auto policies moved forward last week with the emergence of a draft outline agreed upon by two major players in the effort, the Massachusetts...