Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
Banknorth to Buy Drake, Swan & Crocker in Mass.
Jun 21 2004 // Portland, Me.-based Banknorth Group has signed a letter of intent to acquire Drake, Swan & Crocker Insurance Agency, Inc. of Orleans, Mass. The company expects to finalize the acquisition by July 1. Drake, Swan &...
Bikers’ Complaint Over Mass. Rates Nixed
Jun 18 2004 // Motorcycle drivers upset with the way insurance rates are set in Massachusetts lost a court bid to force the state to reconsider the fairness of its rating system. The Supreme Judicial Court dismissed the complaint by the...
R.I. Senate Backs Regional Health Plan
Jun 17 2004 // The Rhode Island Senate has approved legislation introduced by Sen. James C. Sheehan (D-Dist. 36) of Narragansett and North Kingstown to integrate Rhode Island’s insurance rules and regulations with those of...
Mass. May Cut Interest Paid on Med-Mal Awards
Jun 16 2004 // Leaders in the Massachusetts Legislature are mulling changes in the law governing medical malpractice lawsuits that would reduce the amount of money people harmed by malpractice will receive when they successfully sue, a...
Mass. Doesn’t Know What It’s Missing In Insurance, State Official Tells Boston CPCUs
Jun 14 2004 // Massachusetts consumers and lawmakers are often unaware of the insurance advantages enjoyed in other states or the problems within their own system and need to be educated about what they are missing, according to the head...
Mass. Lawmakers Approve Commercial Deregulation
Jun 11 2004 // The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks. The measure permits commercial accounts with more than $30,000 in premium that...
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...
