Massachusetts News

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The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

Unum Group Reverses 42% of Reviewed Disability Claims

In a forced self-review, the Chattanooga, Tenn.-based Unum Group agreed to fully or partly reverse 42 percent of previously denied disability claims and paid out $676 million in additional benefits. The Tennessee Department of Commerce and Insurance said the agreement …

Democrats in Senate Seek to Raise OSHA Penalties on Employers

People can get more prison time for mail fraud than for violating safety standards that can kill workers, Democratic senators said this week as they called for tougher punishment for workplace fatalities and stricter enforcement from the Occupational Safety and …

Hanover Insurance Grows Commercial Lines, Shrinks Personal Lines in 1Q

The Hanover Insurance Group, Inc. in Worcester, Mass., reported a drop in net income, an increase in commercial lines business and higher losses on personal lines for the first quarter of 2008. The company’s net income for the first quarter …

Progressive Begins Selling Mass. Auto Online; Casco Looks to Enter

Progressive Insurance begins selling personal auto insurance online in Massachusetts today. Meanwhile, Casco Indemnity, which writes auto insurance in the other New England states on behalf of several mutual fire insurers, is looking to re-enter the Bay State auto market …

CMIC Names Barclay to Communications Post

CMIC, a doctor-owned medical malpractice insurer serving Connecticut and Massachusetts, has named Wendy S. Barclay to fill the new position of communications specialist. Barclay is responsible for CMIC’s communications with policyholders, media outlets, government entities and the general public. She …

Northeast States Lead Nation for Low Worker-Death Rates: Report

Two New England States lead the nation in terms of having the lowest rate of work-related deaths and most states in the Northeast rank well above the national average, according to a new report from a major labor group. New …

Senate Expected to Pass Genetic Anti-Discrimination Bill

People seeking genetic testing to learn if they are predisposed to serious diseases would not have to fear losing their jobs or their health insurance under anti-discrimination legislation the Senate was to vote on Thursday. H.R. 493, within sight of …

Consumer Federation Says Prior Approval Works, Industry Says Not True

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …