Massachusetts News

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. Hackers Nuts & Bolts: Coverage for unauthorized access to electronic communication systems (hacker) is being …

Declarations

Long-Term Vision Needed “The nation needs to develop a new long-term vision for its highway system that would include improving conditions and safety and reducing traffic congestion.” โ€”William M. Wilkins, executive director of TRIP, a national transportation research group. A …

Business Moves

Berkshire Hathaway Jake Garn, chief financial examiner of the Utah Insurance Department, announced that the department issued a Certificate of Authority to Berkshire Hathaway Assurance Corp. The company now is authorized to sell insurance in Utah. Berkshire will provide Utah …

Congress Examines Municipal Bond Ratings, Bond Insurance Industry

The fast-spreading U.S. mortgage crisis prompted lawmakers this month to explore problems with municipal bonds, painting a bleak outlook for bond insurers that one official said imposes a “secret Wall Street tax” on state and local taxpayers. Connecticut Attorney General …

RLI Transportation Now Covers Fleets of Driver Training Schools

RLI Transportation has introduced a monoline commercial auto coverage targeting driver training schools nationwide. The driver training school coverage is admitted in all states except Alaska, Hawaii, Louisiana and Massachusetts. Minimum premiums start at $10,000. Businesses engaged in racing training …

Gov. Patrick’s Appointment to Mass. Workers’ Comp Board Delayed

An expected vote on the nomination of a former senator to be a judge at the Department of Industrial Accidents was delayed this week after one member of the Governor’s Council accused her of lacking the necessary credentials and others …

Grocer Hannaford Hit with Class Action Suit over Data Breach

Hannaford Bros. Co. has been hit with two class action lawsuits filed on behalf of consumers whose credit and debit card numbers were compromised as a result of a major security breach. A Philadelphia law firm, Berger & Montague, said …

Arthur J. Gallagher Acquires Healthcare Risk Solutions of Pa.

Illinois-based Arthur J. Gallagher & Co. reports it has acquired Healthcare Risk Solutions, LLC headquartered in Fort Washington, Pennsylvania. Terms of the transaction were not disclosed. Founded in 2002, Healthcare Risk Solutions, LLC is a property/casualty retail insurance broker providing …

Grocery Chain’s Data Breach Shows Even Protected Systems Vulnerable

It was during the card approval process that more than 4 million customer accounts at grocery stores in the Northeast and Florida were exposed to fraud, even though the company meets the latest standards for data security, a spokeswoman said …

NSM Offering Wind Insurance with Its Express Hotel Program

NSM Insurance Group has partnered with several providers of wind damage insurance for its Express Hotel Program. The Express Hotel Program is targeted to limited service hotels located in hurricane exposed regions of the U.S. from Texas, through the Gulf …