Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
NAII Opposed to Proposed Mass. Telemarketing Regulations
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...
Mass. Rating Bureau Denies Auto Rate Hike Request
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...
Mass. Fraud Bureau to Host Claims Fraud Conference
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...
ManagedComp Distributes $5M in Workers’ Comp Surplus
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...
S&P’s Lowers Eastern Casualty Co. Ratings to ‘Bbpi’
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...
The Commerce Group Agrees on Mass. Transfer
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....
Insurers Praise NAIC’s Message to Feds on
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...
Hub Int’l Appoints Richard J Palleschi to Head Mass. Operations
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...
PIA Applauds Oxley Letter to Treasury Secretary Objecting to OCC Actions on Preemptions
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...
Study Finds Mass Still Has Lowest Workers’
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...
PIA Condemns OCC Bank Law Preemption Opinion in Mass.
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...
Insurance Noodle adds Ala., Mass. To Roster
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...
Mass. Legislature Considers Bill to Outlaw “Runners”|”|”A bill before the Massachusetts legislature
Mar 12 2002 // ea0312021.htm
Mass. Legislators Attend AIA Seminar on Post-Sept. 11 Market
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...
Mass. Broker Indicted on Fraud Charges
Feb 22 2002 // The U.S. Attorney’s Office in Springfield Mass. announced the indictment of David Michael Leja, an insurance broker from Williamstown Mass, on fraud charges relating to “stop-loss” coverage he brokered...
Plymouth Rock Provides Actual Rates for Auto Renewals
Dec 18 2001 // Boston-based Plymouth Rock Assurance Company, Massachusetts’ 9th largest auto insurer, has come up with an innovative plan for giving policyholders their renewal premium rates – it’s providing them with...
RTW Making Closings Effective Jan. 31
Dec 12 2001 // RTW, Inc. announced that it is closing its Missouri and Massachusetts offices, effective Jan. 31, 2002. RTW employs 36 people between these two regional offices. RTW opened its St. Louis, Missouri office in 1996 and its...
WCRI Study Finds Rapid Comp Cost Rise in Mass.
Nov 9 2001 // The Workers Compensation Research Institute, based in Cambridge Massachusetts, reports that a new study shows that workers’ compensation claims costs rose by as much as 10.5 percent from 1997 to 1998, based on...
Commerce Group to Take Over Mass. Personal Auto Business from Berkshire Mutual
Oct 5 2001 // The Commerce Group Inc. announced that it had entered into an agreement with Berkshire Mutual Insurance Co. to transfer Berkshire’s Massachusetts personal automobile business to its Mass. subsidiary, Commerce...
Mass. Rejects Eastern Bid To Raise Workers Comp Rates
Sep 4 2001 // Eastern Casualty Insurance Co.’s bid for an individual 11.6 percent increase in Mass. workers compensation rates has been rejected by the State’s Insurance Commissioner Linda Ruthard on the grounds that the...
