AM Best has revised the outlooks to stable from negative and affirmed the financial strength rating of A+ (superior) and the long-term issuer credit ratings of “aa-” (superior) for the members of Quincy Mutual Group. The group includes the lead …
Smith Brothers Insurance, based in Glastonbury, Connecticut, has acquired Oxford Insurance Agency, an independent insurance agency in Oxford, Massachusetts. The transaction is effective November 1, 2021. The acquisition expands Smith Brothers Insurance’s footprint in Massachusetts and allows Oxford Insurance to …
The owner of a now-defunct Peabody, Massachusetts, construction company pleaded guilty in connection with a scheme to defraud the IRS of payroll taxes and to defraud his workers’ compensation insurance carrier by failing to disclose how many workers he employed. …
A Massachusetts man who pleaded guilty to defrauding Texas chicken products companies out of $630,000 through a fake invoice scheme has been sentenced to more than four years in federal prison, prosecutors said. Yannick Minang, 27, of Hingham was sentenced …
Fire investigators in Maryland are asking the public for help figuring out who set three fires over the weekend at a mobile home park on the Eastern Shore. A news release from the Maryland State Fire Marshal says the fires …
An insurance company has agreed to pay $625,000 to settle allegations that it used deceptive and illegal practices to sell health insurance plans to Massachusetts residents, the state attorney general’s office said Monday. Under terms of the settlement, Florida-based Health …
In its latest move to address the effects of climate change, the New York Department of Financial Services (DFS) announced a new climate risk division and appointed Dr. Nina Chen as its executive deputy superintendent. Dr. Chen, DFS’ inaugural director …
A proposed bill was heard last month in the Massachusetts legislature that aims to place a time limit on auto insurance claims investigations and would make investigating insurers responsible for premium payments until the cause of loss is determined. The …
Koch Joins Environmental and Construction Professional Practice at RT Specialty Jenna Koch joined the environmental and construction professional (ECP) practice of RT Specialty as an account administrator. In this role, she is responsible for helping the team’s senior executives manage …
A Worcester, Massachusetts, health care network says someone hacked into its employee email system, potentially exposing the personal information of thousands of patients. UMass Memorial Health notified patients earlier this month if their information was involved in the breach, which …
