Massachusetts News

Thousands of Mass. Drivers Involved in Multiple Accidents

Thousands of Massachusetts drivers with histories of multiple crashes continue to get behind the wheel despite law designed to crack down on habitual offenders. A Boston Globe review of state motor vehicle records finds that about 87,000 drivers in Massachusetts …

States Look to Curb Text-Messaging Drivers; Could GPS Users Be Next?

Text messaging is all the rage. Hopefully, not a road rage. An increasing number of state lawmakers are concerned by the rash of accidents caused by text-happy drivers. Although many states already have laws that require cell phone-users to wear …

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. Private and Parochial Schools Nuts & Bolts: Francis L. Dean & Associates of Colorado is …

AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations

American International Group Inc. (AIG) confirmed in late January that it reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing, and questions about undisclosed contingent commissions paid to brokers. AIG …

AIG to Pay $12.5M in Settlement with States Over Bid-Rigging Allegations

American International Group Inc. (AIG) confirmed in late January that it had reached settlements with nine states and the District of Columbia relating to their investigations into alleged bid-rigging and price-fixing and questions about undisclosed contingent commissions paid to brokers. …

Get it in Writing

When it comes to settling claims, vendor contracts solidify a business’ protection There was a time when a verbal agreement, sealed with a handshake, was enough to establish and maintain a business partnership. But those days are long gone. Any …

Big Dig Contractor Reaches $458M Settlement

The main management consultant and contractor on Boston’s $15 billion Central Artery/Tunnel Project (Big Dig) and their insurers have agreed to pay more than $407 million to resolve civil and criminal liabilities in connection with the partial ceiling collapse and …

Home-Based Business Boom

The risks of remote workplaces Americans’ houses have increasingly become a hodgepodge between a home and an office. It’s believed that there are more people working out of their homes now than at any time in history. And experts say …

Declarations

Bad Policy Call “I never experienced the outcry from the public that I heard on this bill… this was a bad policy call on our part.” โ€”Virginia Senator R. Edward Houck (D-Spotsylvania), sponsor of the bill that repealed bad driving …

BOP Opportunities Abound in Fla., Ga., N.C., Texas and Wash.

The U.S. business owners policy (BOP) market consists of nearly 21 million enterprises and produces more than $20 billion in premiums. Within this broad market sector, 44 percent of the premium opportunity is concentrated in 10 classes which are predominately …