Massachusetts officials say they have won a $4 million judgment against a large Boston-based insurance broker over questionable compensation and reinsurance practices. Attorney General Martha Coakley’s office reported that it filed a complaint and a consent judgment against William Gallagher …
The 2008 rates for eight auto insurers in Massachusetts have been cleared by state insurance officials, while those of at least 11 others remain subject to further review. Insurance Commissioner Nonnie Burnes has given the green light to rates with …
In disciplinary actions taken by Texas Commissioner of Workers’ Compensation Albert Betts in October and November 2007, the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) assessed administrative penalties totaling $77,800 for violations of the Texas Workers’ Compensation Act. …
Massachusetts Attorney General Martha Coakley has assessed penalties of more than $190,000 against FedEx Ground Package System, Inc. for what her office claims is an intentional misclassification of 13 drivers as independent contractors rather than as employees. The attorney general’s …
Insurance broker Arthur J. Gallagher & Co. reports it has acquired Koster Insurance Agency, Inc. of Quincy, Mass. Terms of the transaction were not disclosed. Founded in 1994, Koster Insurance Agency, Inc. specializes in student health, sports accident and special …
Mass. Attorney General Martha Coakley has asked for two more auto insurers to defend their proposed 2008 rates at public hearings. Coakley wants Arbella Insurance and Hanover Group to explain their rates for next year when the state shifts away …
Less than two weeks after a devastating gasoline tanker fire in the city, Everett, Mass. officials are introducing a bill that could give local communities more control over dangerous cargo on their streets. State Senator Anthony Galluccio says his bill …
The Bay State should create a catastrophe fund as a way to ease skyrocketing coastal insurance costs, a special legislative commission has recommended in a new report. The fund would be used to lower reinsurance costs for carriers, according to …
A weekend house fire that injured seven members of a Springfield, Mass. family is being blamed on combustible material that was left too close to an electric heater. One of the victims, 7-year-old Victor Contreras, was listed in critical condition …
Philadelphia, PA – December 17, 2007 – S. H Smith & Co., Inc., a national, independently owned wholesale insurance broker, managing general agency and program administrator, has acquired SecureRisk Intermediaries Insurance Agency and is opening an office in Philadelphia to …
