All the headlines from our Massachusetts Topic Page, ordered by recency.
Jan 14 2003 // Fireman’s Fund Insurance Company announced that it plans to file a request with the Massachusetts Division of Insurance to give a 10 percent discount to its best private passenger automobile customers in the...
Dec 20 2002 // The substantial variation in workers’ compensation medical fee schedules among the states is not related to the different costs health care providers incur delivering medical services to injured workers, according to...
Dec 18 2002 // The license of James Falzone, an insurance broker based in Waltham, Mass., was revoked after he allegedly collected $2,900 from a taxi company for coverage and then never purchased a policy for the client.The Daily News...
Dec 16 2002 // Massachusetts Insurance Commissioner Julie Bowler announced a 2.7 percent auto insurance rate increase for 2003 after rejecting an average rate increase request by insurers of 7 percent.The smaller rate increase translates...
Dec 16 2002 // The Massachusetts Office of Consumer Affairs and Business Regulation (OCABR) announced the finalization of its new telemarketing regulations, which include changes recommended by the National Association of Independent...
Dec 6 2002 // John Grinnell, a former insurance broker from Fall River, Mass., was sentenced by U.S. District Judge Mark L. Wolf to 5 years’ probation on charges of issuing almost 150 bogus insurance liability policies and taking...
Nov 6 2002 // The National Association of Independent Insurers (NAII) has decried a regulation proposed by the Massachusetts Office of Consumer and Business Affairs that would require all businesses engaging in telephone solicitation to...
Oct 8 2002 // The Massachusetts State Rating Bureau announced it has filed a recommendation for a statewide 2 percent increase for private passenger auto insurance rates in 2003, denying the 7 percent increase requested by auto...
Sep 9 2002 // The Insurance Fraud Bureau of Massachusetts will host a conference Nov. 7-8 to discuss new technologies and techniques used to prevent insurance claim fraud. Entitled “Insurance Claim Fraud: Developing the Models and...
Sep 6 2002 // ManagedComp Inc., a Woburn, Mass.-based national worker’s compensation underwriter and third party administrator, plans to distribute $5,432,000 in surplus to four self-insurance groups (SIGs) in...
Jul 22 2002 // Standard & Poor’s has lowered its counterparty credit and financial strength ratings on Eastern Casualty Insurance Co. to double-‘Bpi’ from triple-‘Bpi’ citing a decline in capitalization...
Jul 18 2002 // The Commerce Group, Inc. has entered into an agreement with MassWest Insurance Company for the transfer of Massachusetts personal automobile business written by MassWest to The Commerce Insurance Company, effective Nov....
Jun 14 2002 // The National Association of Insurance Commissioners (NAIC) sent a tough message to the Office of the Comptroller of the Currency (OCC) this week during its Functional Regulation Working Group meeting, reiterating that...
May 15 2002 // Leading insurance broker Hub International Limited announced that Richard J. Palleschi has been named President and CEO of The McCarthy Companies, its Massachusetts brokerage unit. Palleschi, previously Executive VP and...
Apr 30 2002 // The National Association of Professional Insurance Agents is applauding a letter sent by House Financial Services Committee Chairman Michael G. Oxley (R-Ohio) to Treasury Secretary Paul O’Neill that asks...
Apr 26 2002 // A new study by the Workers Compensation Research Institute (WCRI) found that, despite the fact that the average cost per claim for the medical care of injured workers in Massachusetts has risen “significantly in...
Mar 20 2002 // The National Association of Professional Insurance Agents (PIA) has condemned an opinion by the Office of the Comptroller of the Currency (OCC) that some provisions of a Massachusetts insurance law would be preempted under...
Mar 20 2002 // InsuranceNoodle is now licensed in Alabama and Massachusetts, bringing to 48 the total number of states—including the 25 largest for small business—in which the e-broker is selling small business...
Mar 12 2002 // ea0312021.htm
Mar 7 2002 // The tragedy of Sept. 11 dealt a terrible blow to America’s economy, but the property and casualty insurance industry is playing a vital role in helping the United States recover. A full recovery, however, depends...