Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
Ratings: Safety Group, Virginia Farm, New Mexico Casualty, Mennonite Mutual
Mar 27 2014 // A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) for the subsidiaries of Safety Insurance Group,...
Massachusetts Lawmakers Seek to Ease Federal Flood Insurance Rules
Mar 25 2014 // When Mitch Haddad and his brother began rebuilding their family’s oceanside restaurant in Marshfield, Massachusetts, they decided to take no chances. The restaurant, which had been in the family for more than 70...
Aronson Insurance Acquires Shuffain Insurance Agency in Massachusetts
Mar 24 2014 // Aronson Insurance, an independent insurance agency in the suburban Boston area of Needham, Mass., has acquired Shuffain Insurance Agency of Sharon, Mass. Aronson Insurance is an independent insurance agency owned and...
Mass. DOI Reaches Settlement to Keep Workers’ Comp Rates at Current Levels
Mar 21 2014 // The Massachusetts Division of Insurance (DOI) announced Friday it has reached a settlement with the Workers’ Compensation Rating and Inspection Bureau (WCRIB) and the Massachusetts Attorney General’s office to...
Mass. Biz Owner Charged in Connection With Workers’ Comp Fraud
Mar 20 2014 // Massachusetts Attorney General’s office announced a Lowell, Mass., businessman has been indicted on charges he failed to accurately report his total payroll and number of employees and understated the number of jobs...
Mass. to Dump Website Contractor Over Troubled Online Health Exchange
Mar 18 2014 // Massachusetts plans on cutting ties with the contractor for its hobbled health care insurance website. The recommendation was made Monday by Sarah Iselin, who was hired by Massachusetts Gov. Deval Patrick to oversee a fix...
McGowan Purchases Assets of Breed’s Hill Insurance Agency in Massachusetts
Mar 14 2014 // The McGowan Cos., based in Fairview Park, Ohio, announced it has purchased the assets of Breed’s Hill Insurance Agency in Charlestown, Mass. Effective immediately, Breed’s Hill will begin operating under the...
Mass. House OKs Bill to Soften Impact of Flood Insurance Rules
Mar 13 2014 // The Massachusetts House on Wednesday unanimously approved a bill designed to soften the impact of new federal flood insurance rules on many of the state’s coastal homeowners. The measure, sponsored by Democratic...
Workers’ Comp Needs to Catch Up with Healthcare Changes: Economist Gruber
Mar 12 2014 // Workers’ compensation must align itself with the rest of the changing healthcare system to avoid increased cost-shifting by workers and medical providers, according to an economist involved in the Massachusetts and...
Massachusetts Health Care Officials Look to Other States for Website Fixes
Mar 10 2014 // Massachusetts health care officials struggling to repair the state’s hobbled website are looking at the possibility of leasing or buying technology from states with functioning insurance sites. Massachusetts Health...
Arthur J. Gallagher Acquires Tudor Risk Services in Massachusetts
Mar 5 2014 // Arthur J. Gallagher & Co. announced the acquisition of Tudor Risk Services, LLC located in Woburn, Mass. Terms of the transaction were not disclosed. Founded in 2009, Tudor Risk Services is a retail insurance broker...
AG Coakley Testifies in Support of Flood Insurance Bill in Massachusetts
Feb 28 2014 // Concerned that increased insurance rates caused by new flood zone maps will “tip the balance” for homeowners who weathered the economic downturn but are still feeling its effects, Massachusetts Attorney General...
Mass. AG Voices Support for Federal Legislation to Address Patent Trolls
Feb 25 2014 // Alleging that patent trolls stifle innovation and harm the economy, Massachusetts Attorney General Martha Coakley joined 41 other states Monday in submitting a letter to two Senate committees voicing support for federal...
Mass. Proposes Tax for Insurer-Owned Pass-Through Entities
Feb 24 2014 // As part of his administration’s plan for new tax revenues, Massachusetts Gov. Deval Patrick recently proposed applying a corporate tax rate to the state’s “pass-through entities” that are owned by...
Bill Seeks to Help Mass. Prep for Climate Change
Feb 24 2014 // A bill recently filed in Massachusetts Legislature would create a “coastal buyback program” allowing the state to purchase land that is repeatedly threatened by damaging tides or is located in flood plain...
Mass. AG Opposes 7.7% Workers’ Comp Rate Hike
Feb 24 2014 // At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered...
Arbella Insurance Taps Travelers Exec as VP of Claims in Mass.
Feb 19 2014 // The Arbella Insurance Group in Quincy, Massachusetts, announced the appointment of Joseph L. Salerno II as vice president of claims. Reporting to Arbella COO Janet Corcoran, Salerno will lead the entire Arbella claims...
South Carolina’s Johnson & Johnson Buys H.T. Bailey of Massachusetts
Feb 18 2014 // Johnson & Johnson, a Charleston, South Carolina managing general agency, has acquired wholesale broker H.T. Bailey Insurance Group in Burlington and Quincy, Mass. Under its new ownership, H.T. Bailey will continue to...
Mass. AG Office Says 7.7% Workers’ Comp Rate Hike Unnecessary
Feb 11 2014 // At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered...
Mass. Man Charged With Fraudulently Collecting $28K in Comp Benefits
Feb 10 2014 // A Quincy, Mass., man has been indicted on charges he fraudulently collected more than $28,000 in workers’ compensation benefits while working under a false identity, authorities announced. Paulo DaSilva, 53, is...
