Massachusetts News

Might Obamacare Substitute Medicare Approach for Individual Mandate?

The courts may not get the last word after all on President Barack Obama’s historic health care overhaul. A Virginia federal judge ruled this week that the law’s key requirement for individuals to carry health insurance is unconstitutional. But even …

Greenfield Named Executive Vice President at The Hanover

Massachusetts-based insurer The Hanover has appointed David B. Greenfield as executive vice president and senior finance officer. Greenfield will assume the roles of chief financial officer and principal accounting officer in March. Greenfield most recently served as executive vice president …

Massachusetts Jury Orders Tobacco Firm to Pay $71 Million to Family

A jury Tuesday ordered U.S. cigarette maker Lorillard Inc. to pay damages to a dead smoker’s family for allegedly enticing the woman and other black children with free cigarettes given out decades ago. Evans vs Lorillard was the first case …

Business Moves

NSM, Ideal Philadelphia-based program administrator NSM Insurance Group has acquired IDEAL Marine Insurance, a Chicago-based is a program specialist focused on non-construction, ocean and inland marine risks. Geof McKernan, CEO of NSM, said the company is “aggressively seeking specialty underwriting …

People

Massachusetts agency Provider Insurance has hired Sharon Cardoso as personal lines account manager. She will be responsible for acquiring new clients and expanding existing client accounts in the personal lines division which includes managing auto, home and umbrella policies in …

New York Eases Some Workers’ Compensation Policy Rules

New York has eased some workers’ compensation insurance requirements for out-of-state businesses that do only occasional, non-construction work in the Empire State. The rule change comes after years of lobbying by agents and their trade groups in the state. The …

Best Affirms Aviva USA, Subsidiaries Ratings; Outlook Revised to Positive

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of Iowa-based Aviva Life and Annuity Company (ALAC) and its wholly owned subsidiary, Aviva Life and Annuity Company of New …

New York Eases Some Workers’ Compensation Policy Rules

New York has eased some workers’ compensation insurance requirements for out-of-state businesses that do only occasional, non-construction work in the Empire State. The rule change comes after years of lobbying by agents and their trade groups in the state. The …

Senators Urge Bipartisan State Healthcare Waiver

A Democrat and a Republican teamed up in the U.S. Senate Thursday to offer legislation that would give states the flexibility to implement their own healthcare approaches when the federal overhaul goes into full effect in 2014. The proposal by …

Wyoming Leads Nation with Highest Motor Vehicle Fatality Rate

Wyoming has the unfortunate record of having the highest rates of motor vehicle fatalities per 100,000 people, with a rate of 24.6, according the U.S. Department of Transportation’s Fatality Analysis. According to the recent report, there were 30,797 fatal motor …