All the headlines from our Massachusetts Topic Page, ordered by recency.
Jan 6 2004 // Massachusetts’ Attorney General Tom Reilly is appealing the Division of Insurance’s December 15 ruling, arguing that a 2.5 percent increase in the cost of auto insurance is unwarranted and will result in close...
Dec 31 2003 // Massachusetts’ officials have approved the merger of West Newbury Mutual Fire Insurance Co., a Massachusetts domiciled company, into Dorchester Mutual Insurance Co., also a Massachusetts company. The purpose of the...
Dec 31 2003 // The Massachusetts Division of Insurance and the Automobile Insurers Bureau are in a legal fight with the Massachusetts Motorcycle Association, which has filed suit in the state’s highest court, claiming the...
Dec 29 2003 // Underwriters at Lloyd’s of London have appointed Connecticut-based William Kramer & Associates (WKA) as the sole claim loss insurance adjuster for the Massachusetts Turnpike Authority (MTA). WKA has extensive...
Dec 24 2003 // Gerald L. Zimmerman, Senior Counsel for the National Association of Independent Insurers, followed up yesterday’s letter to a Wall Street Journal editor (See IJ Website Dec.23), with a letter to Steve Smith,...
Dec 23 2003 // In an open letter to Paul A. Gigot, Editor of the Wall Street Journal’s Editorial Page, the National Association of Independent Insurers expressed its strong support for reforming Massachusetts’ auto insurance...
Dec 16 2003 // American International Technology Enterprises, Inc. a member company of American International Group, doing business as AIG Technologies, or AIGT, announced the launch of MassXpress(TM).It described the new technology as...
Dec 3 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘BBB’ counterparty credit rating to The Commerce Group, Inc. and its ‘BBB’ senior debt rating to CGI’s proposed...
Dec 3 2003 // Score one for the industry! Liberty Mutual Group and MetLife Auto & Home announced settlements of around $2 million – in their favor- in a multi-million dollar insurance fraud suit against attorneys and medical...
Nov 19 2003 // The Massachusetts Joint Committee on Criminal Justice has favorably reported out a bill designed to fight insurance fraud by cracking down on “runners” who promote auto insurance fraud.“The first step in...
Nov 19 2003 // The Alliance of American Insurers joined the NAII (see previous article) in urging quick approval of the proposed Massachusetts law that would prevent so-called “runners” from recruiting clients for...
Nov 3 2003 // Standard & Poor’s (S&P) Ratings Services assigned its “A” counterparty credit and financial strength ratings with a “stable” outlook to Commerce Insurance Co. (CIC) and Citation...
Oct 15 2003 // The National Association of Independent Insurers has issued a bulletin noting that two redrafted bills in the Massachusetts Lower House, would change the effective date of the state’s Insurance Commissioner’s...
Oct 15 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ counterparty credit and financial strength ratings with a “stable” outlook to Commerce Insurance Co. (CIC) and...
Oct 3 2003 // Chicago-based brokerage Hub International Ltd. announced the acquisition of the assets of Commonwealth Insurance Agency Inc., headquartered in Lowell, Mass. The firm, with approximately $300,000 in annual revenue, was...
Oct 2 2003 // Chicago-based Hub International announced two new acquisitions to its growing network of regional brokerages. It has acquired the stock of Sondheim & Laughlin, Inc. of Iselin, New Jersey and the assets of Commonwealth...
Oct 2 2003 // Three Massachusetts insurance agencies have changed their names to better reflect their affiliation to their parent company, Banknorth Group, Inc. Effective immediately, Palmer-Goodell Insurance Agency in Springfield,...
Sep 23 2003 // Boston-based OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. announced that it has received the endorsement of the Retailers Association of Massachusetts (RAM) and its...
Sep 2 2003 // The Workers’ Compensation Rating and Inspection Bureau (WCRIB) of Massachusetts is reportedly not in agreement with the decision by the State’s Insurance Commissioner, Julianne Bowler, to decrease the average...
Aug 29 2003 // Chicago-based CNA announced a new approach to providing non-medical group insurance benefits to businesses of any size. The “Flexible Protection Plan(SM) enables Massachusetts employers to provide benefit funds in...