Agents Balk as Mass. Permits 6-Month Auto Insurance Policies
Massachusetts will permit auto insurers to sell six-month policies in another change under the state’s newly operational managed competition system that gives insurers more freedom and drivers more options. Independent agents have balked at the decision to permit six-month policies, …
McClure Joins Amity Insurance in Mass.
Scott McClure has joined Amity Insurance Agency, Inc. in Quincy, Mass. as a commercial property and liability consultant. In this role, McClure will develop new business focusing on commercial property, including apartments, condominiums and office buildings. The agency specializes in …
7 Accused in Mass. Auto Insurance Accident Staging Conspiracy
Seven people have been indicted in Essex County (Massachusetts) for allegedly conspiring to stage automobile accidents to collect insurance payments. A grand jury returned the indictments last Friday against two attorneys, two chiropractors and three others. They’re accused of faking …
Sleepy Employee Hurt Driving Home Denied Mass. Workers’ Comp
A construction worker on Boston’s “Big Dig” highway project is not entitled to workers’ compensation benefits for injuries he suffered after he fell asleep while driving home late from work, the state’s high court has ruled. The worker, who had …
Farmers Business Insurance Appoints Samalya Executive VP/President
Farmers Group Inc., has appointedof Mhayse Samalya executive vice president of Farmers Group Inc. and president of Farmers Business Insurance. He previously was senior vice president of Farmers Group Inc. and president of Farmers Business Insurance “Our goal is to …
Mass. Law Blocks State Pension Fund from Starting Bond Insurer
The Massachusetts state pension fund cannot and should not start a bond insurer, executive director Michael Travaglini said Monday. Travaglini, who oversees the $52 billion Pension Reserves Investment Management Board, said pension funds should not be in the business of …
New Markets
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. Sports & Recreation Nuts & Bolts: Sadler Sports and Recreation is offering sports and recreation …
Business Moves
Max Specialty Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of the Bermuda-based Max Capital Group Ltd., has agreed to acquire a U.S.-based admitted insurance company licensed to write business in all 50 states …
New Markets
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. Liquor Liability with Assault and Battery Nuts & Bolts: United States Liability Insurance is writing …
