Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
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...
Open Debate Held on Mass. Auto Rates
Aug 29 2001 // Representatives of the insurance industry, state regulators and the general public met yesterday at the first of two scheduled public hearings to consider a 7.8 percent increase in Massachusetts auto rates insurers are...
Mazonson Expands National Collective Program for Community Development Corporations
Aug 1 2001 // Mazonson Inc., a New England-based insurance brokerage, announced the completion of agreements to provide group insurance programs sponsored by the California Community Economic Development Association and the Community...
Mass. Committee Favors Audit Privilege Bill Supported by AIA
Jun 28 2001 // The Joint Insurance Committee of the Massachusetts Legislature has given a favorable report on a self-audit privilege measure supported by the American Insurance Association. The bill, which would not be retroactive, would...
CLASS ACTION FILED OVER CAP PLAN
Jun 25 2001 // The law firm of Dwyer & Collora LLP announced that on June 8, Federal Judge Robert E. Keeton of the U.S. District Court of Massachusetts certified state classes for four states, including Massachusetts and...
Class Action Suit Filed Against Salomon Smith Barney, Citigroup and Travelers Group
Jun 19 2001 // The law firm of Dwyer & Collora LLP announced that on Friday, June 8, 2001, Federal Judge Robert E. Keeton of the U.S. District Court of Massachusetts certified state classes for four states, including Massachusetts...
Eastern Casualty Puts a Moratorium on New Mass. Workers’ Comp. Coverage
Jun 18 2001 // According to a report in The Boston Globe, Marlborough-based Eastern Casualty Insurance Co., Massachusetts’ third largest writer of workers’ compensation coverage, has informed its agents in the state that it...
ProMutual to Increase Malpractice Insurance Rates
May 3 2001 // Beginning July 1 of this year, ProMutual, Massachusetts’ largest provider of malpractice insurance for physicians, will raise its rates for malpractice insurance an average of 14 percent across specialties. According...
Credit Insurer to Return $1M, Trim Rates for
Jan 2 2001 // An Atlanta-based insurance company has agreed to pay back $1 million to tens of thousands of Massachusetts consumers who were overcharged for credit insurance. According to a report issued by Georgia Attorney General Tom...
Mass. Commissioner Approves 8.3 Percent Auto Rate Cut
Dec 19 2000 // Massachusetts Insurance Commissioner Linda Ruthardt sided with consumer advocates and called for a 8.3 percent overall decrease in personal auto rates for 2001. Following the decision, representatives from the auto...
Mass. P/C Insurers Ignore Tax Relief Options
Nov 30 2000 // Eight Massachusetts insurance companies have opted out of a state program that promises permanent tax cuts in exchange for five years of voluntary community investment, according to a report by the Massachusetts...
Massachusetts AG Urges Auto Rate Cuts
Nov 22 2000 // Massachusetts Attorney General Thomas Reilly joined the State Rating Bureau yesterday in urging state insurance regulators to cut personal auto insurance rates. The AG’s office called for a 10 percent decrease. The...
Mass. DOI Takes Over Troubled Framingham Lumber Insurer
Nov 3 2000 // A Framingham, Mass. company writing property and casualty insurance for the lumber industry was put into state receivership Wednesday after reporting large losses for the past few years. A note on the company’s...
As Incoming IIAA President, Hofmann Ready to Promote One Voice For Agents
Oct 23 2000 // “My goal is not to start any new initiative, but to bring a bunch of the things that we’ve got out there to conclusion and to fruition and up-and-running.” —Bill Hofmann” After spending the past...
