Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
Horace Mann Improves, But Ends Down for the Year
Feb 10 2003 // Horace Mann Educators Corp., based in Springfield, Ill., today reported net income of $13.5 million, or 33 cents per share, for the fourth quarter, up from $4.8 million, or 12 cents per share, for the year-earlier quarter....
Fireman’s Fund Seeks 10 Percent Auto Discount in Mass.
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...
WCRI Says Wide Variations in State Workers’ Comp Medical Fee Schedules Unrelated to Provider Costs
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...
Mass. Broker’s License Revoked
Dec 18 2002 // The license of James Falzone, an insurance broker based in Waltham, Mass., was revoked after he allegedly collected $2,900 from a taxi company for coverage and then never purchased a policy for the client.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...
Mass. Insurance Division Approves 2.7 Percent Auto Rate Increase
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...
New Mass. Telemarketing Rules Incorporate NAII Suggestions
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...
Mass. Broker Sentenced for Issuing Bogus Liability Policies
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...
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
