Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
Mass. Lawmakers Eye Tougher Teen Driver Laws
Jun 8 2004 // Massachusetts lawmakers are recommending legislation that would place stricter requirements on teenage drivers and their parents or guardians in an effort to reduce car accidents involving young drivers. The bipartisan...
Mass. Grants Extra 30-Days for Assigned Risk Rules
Jun 8 2004 // The board of the high risk auto insurance pool in Massachusetts has been granted an additional 30 days to finalize new rules for implementation of an assigned risk style plan. Commonwealth Auto Reinsurers (CAR), under an...
Malpractice Insurer Exit From Mass. Worries Physicians
Jun 8 2004 // The impending departure of one of the few remaining commercial insurance companies offering liability coverage for physicians in Massachusetts is yet more evidence that the state faces a real crisis in professional...
Proposal to Replace Mass. Safe Driver Plan Unveiled; New Merit Rating System Sought by 2006
Jun 4 2004 // As anticipated in an earlier report by Insurance Journal, an arm of the Massachusetts insurance department has come up with a plan to replace the state’s current safe driver insurance plan with a new one by 2006 and...
Mass. High Risk Rules on Commissioner’s Desk; Safe Driver Plan Next on Reform Agenda
Jun 1 2004 // As expected, last week the governing committee of the high risk auto reinsurance facility in Massachusetts approved rules guiding the pool’s changeover to an assigned risk plan. Commonwealth Auto Reinsurers, known as...
Mass. Insurers Told of Ways to Manage High Risks
May 25 2004 // Pilgrim Insurance Company, a business process outsourcing firm in Boston, last week sponsored a timely seminar to promote awareness of auto reform and methods for managing high risk business in Massachusetts. Industry...
Mass. High Risk Plan Passes Key Vote; Insurers Expected to Begin Offering Agents Contracts
May 24 2004 // A plan to convert the state’s high risk auto reinsurance facility in Massachusetts to an assigned risk plan (ARP) was approved by the industry officials running the current plan at a special meeting on March 20. One...
Mass. Man Guilty in Employment Agency Fraud
May 24 2004 // A former Malden, Massachusetts man who pleaded guilty in a fraud scheme involving a temporary employment agency has been sentenced to more than two years in prison and must forfeit more than $700,000. Tan Ngo, 47, also...
Mass. TPA Proposal Could Put Injured Workers at Risk
May 24 2004 // A Massachusetts budget amendment to explore the designation of a third party administrator (TPA) to manage part of the state’s workers’ compensation assigned risk pool could compromise the services received by...
Mass. Senate Approves Anti-Runner Bill, 39-0
May 21 2004 // The Massachusetts Senate has passed a bill to criminalize the practices of runners in insurance fraud schemes. The measure passed 39-0 and was sent to the House. The measure makes it a crime to engage in the practice of...
Mass. Doctors Decry Latest Malpractice Hike
May 18 2004 // Massachusetts doctors face their fourth straight year of double-digit malpractice insurance rate increases, according to the Massachusetts Medical Society, with the average rate from the region’s largest insurer...
Mass. Gov. Romney Kicks Auto Insurance Reform into High Gear
May 17 2004 // The industry officials who run the private passenger auto high risk system in Massachusetts have started drawing up rules in response to urgings by the administration of Gov. Mitt Romney to make their operations and the...
PCI Urges Commonwealth Auto Reinsurers to Adopt Changes in Way It Operates
May 6 2004 // The Property Casualty Insurers Association of America (PCI) has urged the Commonwealth Automobile Reinsurers (CAR) Governing Committee, the board that oversees the high-risk auto insurance pool in Massachusetts, to...
Hub International Purchases Mass. Firm
May 6 2004 // Hub International Limited announced that their Wilmington, Massachusetts-based hub, C.J. McCarthy Insurance Agency (McCarthy) has purchased for an undisclosed amount of cash the assets of Lyman Insurance Agency Inc. and...
Mass. Commissioner Orders High Risk Pool Changes Within 30 Days; Governor Names Reform Task Force
Apr 30 2004 // Just hours after Massachusetts Insurance Commissioner Julianne Bowler formally called upon the industry to come up with a plan to change the way private passenger auto high risks are handled, officials of Commonwealth Auto...
Report on Mass. Auto Cites Rate Subsidies and Barriers to Entry; Romney to Name Task Force
Apr 29 2004 // A much-anticipated analysis of the Massachusetts private passenger auto insurance system finds that 14 percent of the state’s drivers pay less than loss costs indicate they should, while 86 percent pay more to...
Funds Available for Mass. Flood Victims
Apr 29 2004 // Five Massachusetts counties that experienced severe flooding early this month have been declared major disaster areas, making residents and businesses eligible for federal aid. President Bush declared that emergencies...
Mass. Plumber to Spend Time at Home for WC Fraud
Apr 27 2004 // An Abington, Massachusetts man has pleaded guilty to charges he schemed, along with his insurance agent, to avoid paying more than $131,000 in workers’ compensation insurance premiums, Attorney General Tom Reilly...
cigna
Apr 26 2004 // The Commerce Group, Inc. (NYSE:CGI ) reported 2004 first quarter results including et earnings of $51.0 million, or $1.56 per diluted share, compared to net earnings of $12.9 million or $0.40 per diluted share for...
Mass. Rep. Barney Frank Covers a Flood of Issues on Final Day at National Legislative Conference
Apr 23 2004 // Washington, D.C. – Rep. Barney Frank (D-Mass.), ranking member of the House Financial Services Committee, told a gathering of independent insurance agents on the final day of the Independent Insurance Agents &...
