Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
S&P Assigns ‘A’ Rating to Commerce Group Mass. Subs
Oct 15 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘A’ counterparty credit and financial strength ratings with a “stable” outlook to Commerce Insurance Co. (CIC) and...
Hub Acquires Mass. Agency
Oct 3 2003 // Chicago-based brokerage Hub International Ltd. announced the acquisition of the assets of Commonwealth Insurance Agency Inc., headquartered in Lowell, Mass. The firm, with approximately $300,000 in annual revenue, was...
Hub International Acquires N.J.’s Sondheim & Laughlin, Mass. Commonwealth Insurance Agency
Oct 2 2003 // Chicago-based Hub International announced two new acquisitions to its growing network of regional brokerages. It has acquired the stock of Sondheim & Laughlin, Inc. of Iselin, New Jersey and the assets of Commonwealth...
Mass. Agencies Adopt Banknorth Name
Oct 2 2003 // Three Massachusetts insurance agencies have changed their names to better reflect their affiliation to their parent company, Banknorth Group, Inc. Effective immediately, Palmer-Goodell Insurance Agency in Springfield,...
Mass. Retailers Association Endorses OneBeacon
Sep 23 2003 // Boston-based OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. announced that it has received the endorsement of the Retailers Association of Massachusetts (RAM) and its...
Mass. Workers’ Comp Bureau ‘Regrets’ Commissioner’s Decision to Cut Rates
Sep 2 2003 // The Workers’ Compensation Rating and Inspection Bureau (WCRIB) of Massachusetts is reportedly not in agreement with the decision by the State’s Insurance Commissioner, Julianne Bowler, to decrease the average...
CNA Develops Three-in-One Approach to Non-Medical Insurance Coverage in Mass.
Aug 29 2003 // Chicago-based CNA announced a new approach to providing non-medical group insurance benefits to businesses of any size. The “Flexible Protection Plan(SM) enables Massachusetts employers to provide benefit funds in...
AIA Says Mass. Decision Against Competition “Bad for Consumers”
Aug 12 2003 // The American Insurance Association warned that the Massachusetts Insurance Commissioner’s decision to maintain the “fix-and-establish” rate-setting mechanism is bad news for most Massachusetts...
Arthur J. Gallagher & Co. Acquires Mass. Agency
Jul 25 2003 // Arthur J. Gallagher & Co. announced the acquisition of Andrew-Anthony Insurance Agency, Inc. of Wellesley, Mass. Founded in 1991, Andrew-Anthony Insurance Agency, Inc. is a full-service retail insurance broker...
Proposed Mass. Budget Reportedly Includes Burdensome Provisions for Insurers
Jul 2 2003 // The Massachusetts Senate and House have agreed on a budget which would reportedly impose several burdensome provisions on the insurance industry, including funding the Department of Insurance (DOI) with a special...
Horace Mann Affirmed by Best
Jun 23 2003 // A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Springfield, Ill.-based Horace Mann Educators Corp.’s insurance operating subsidiaries. Concurrently, A.M. Best has affirmed...
Holyoke’s Departure Another Blow to Mass. Auto Market Says NAII
Jun 20 2003 // Holyoke Mutual Insurance Co.’s announcement that it will exit the auto insurance business and has entered into an arrangement to transfer all of its Massachusetts auto insurance business to Plymouth Rock Assurance...
Plymouth Rock Reaches Agreement with Holyoke Mutual
Jun 19 2003 // Boston-based Plymouth Rock Assurance Corporation announced that it would offer five-year contracts to independent agents who represent Holyoke Mutual for Massachusetts private passenger auto insurance. Holyoke, based in...
Associations Tell Mass. Commissioner to Let Competition Determine Auto Premiums
Jun 4 2003 // Private passenger auto insurance premiums should be determined competitively and the Massachusetts Division of Insurance should move toward that goal carefully, but expeditiously, wrote the National Association of Mutual...
Alliance Lauds Mass. Decision to Drop Policy Surcharge from Budget
Jun 3 2003 // The Alliance of American Insurers issued a bulletin praising the action of the Massachusetts Senate in eliminating a proposal to increase state revenues through what the Alliance termed “an onerous surcharge on...
NAII Says Mass. Budget Proposal Targets Insurance Industry
May 29 2003 // The National Association of Independent Insurers issued a bulletin indicating that the Massachusetts Senate Ways and Means Committee’s version of the state’s budget includes several provisions that will cause...
NAII Says Quickest Cure for MA Auto Insurance Market is Increased Competition
May 19 2003 // Representatives of the National Association of Independent Insurers told the Massachusetts Division of Insurance at a recent hearing that one of the most effective ways to enhance the insurance market for consumers in the...
NAII Comments on Mass. Bill to Criminalize Insurance Fraud
May 7 2003 // The National Association of Independent Insurers has issued a statement supporting a bill, currently pending in the Massachusetts Senate, that would impose jail time and heavy fines for insurance fraud, indicating that its...
NAII Supports Mass. Bill to Criminalize Insurance Fraud
May 7 2003 // The National Association of Independent Insurers says it is supporting a bill, currently pending in the Massachusetts Senate, that would impose jail time and heavy fines for insurance fraud, indicating that its passage...
AAI Warns Mass. Budget Proposal Would Cost Insurers
Apr 30 2003 // “The 2004 Fiscal Year budget proposal newly released by the Massachusetts House Ways and Means Committee would make it more expensive for insurers to do business in the Commonwealth and open insurers domesticated in...
