At least three insurers whose 2008 Massachusetts auto insurance rates have been questioned by officials have agreed to revise them and other insurers are under pressure to do the same. Massachusetts Insurance Commissioner Nonnie Burnes last Friday raised concerns with …
A Massachusetts physician is responsible to all third parties who might possibly be affected by his failure to warn a patient about the side effects of a medication, the Massachusetts Supreme Judicial Court has ruled in a 3-3 decision that …
The Hanover Insurance Group, Inc. reported that it is lowering insurance premiums in Massachusetts for new and renewal motorcycle policies by 8.5 percent. The new rates will be effective on April 1, 2008. They are the first to be placed …
A Hartford, Conn. jury has awarded $3.4 million to a construction worker who was seriously injured when a nail became embedded in his brain as he worked with a nail gun. Jerry Crutchfield, 51, of Hartford had sued toolmaker Stanley …
OneBeacon Insurance Group has appointed Terry Thompson as senior vice president and chief underwriting officer of the company’s U.S. operations. Reporting to Chief Executive Officer Mike Miller, Thompson will be responsible for key underwriting matters across the company, including underwriting …
A grand jury has indicted a Springfield, Mass. police officer in connection with insurance fraud and larceny. Prosecutors say Anthony Trabal was charged with motor vehicle fraud and two counts of attempted larceny for allegedly claiming wages he wasn’t entitled …
It’s by no means a common peril, but the significant publicity and financial loss generated by the stagehands’ strike on Broadway and writers’ strike in Hollywood has some local businesses asking about availability of that seldom-sold coverage: strike insurance. “It’s …
A Massachusetts woman has sued a doctor who treated her after a test wrongly showed she was infected with the virus that causes AIDS. Audrey Serrano says she still has not shaken off the impact of living for years convinced …
Massacusetts insurance agents dealing with the switch to managed competition are expecting a lot of business movement as a result of the competitive system, with almost one-third (30.7%) predicting they will lose accounts as a result. A sizable 78.1% said …
Insurance agents in Massachusetts support the state’s move to managed competition in private passenger auto insurance but oppose insurers’ use of credit scoring in rating or underwriting. In an online Insurance Journal poll completed by 76 Massachusetts agents, 56% said …
