Massachusetts News

Mass. Jury Awards $26.5 Million In Birth of Disabled Child

A Suffolk Superior Court jury in Boston has awarded $26.5 million to a 10-year-old boy and his parents after the family argued in a lawsuit that he was severely injured during a delayed delivery at Brigham and Women’s Hospital. Two …

Mass. Agents Launch Site on Mandatory Health Insurance Law

In an effort to clarify business and individual responsibilities under the Massachusetts Health Reform Act, the Massachusetts Association of Health Underwriters (MassAHU) has launched the Web site at www.masshealthreformact.com. The Web site is a central repository of information complete with …

Mass. AG Calls for 18% Cut in Home Insurance Rates Charged by FAIR Plan

Homeowners insurance rates for many in Massachusetts insured through the state’s secondary market insurer, the FAIR Plan, would drop 18 percent if Massachusetts Attorney General Martha Coakley gets her way. Coakley’s office has intervened in the FAIR Plan rate setting …

Mass. Bans Credit Scores in Both Rating, Underwriting in New Auto Plan

Auto insurers in Massachusetts will not be able to use credit scores to price or underwrite risks when the state enters its managed competition market next April. Insurance Commissioner Nonnie Burnes sided with consumer groups, Attorney General Martha Coakley and …

From the Big Apple to the Corn State

From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s fantastic, unbelievable. I get very excited when …

My New Markets

Trade and Professional Associations Nuts & Bolts: Aon Association offers coverage to 56,000 nonprofit organizations and their members throughout the U. S. Clients range in size and needs from an Elks Lodge seeking general liability coverage to a long-term care …

Editor’s Note: Sparking fire safety

Jackson Holland was smoking a cigarette around 4 p.m. one weekend day outside his Mount Ivy, New York home when he dozed off, police said. While asleep, the 74-year-old man dropped his cigarette, which ignited the padding in his chair …

Business Moves

The Hanover, Professionals Direct The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional liability insurance. “Lawyers professional liability insurance is a natural …

From the Big Apple to the Corn State

From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s fantastic, unbelievable. I get very excited when …

My New Markets

Workers’ Comp, Security, Investigative Agencies Nuts & Bolts: A guaranteed cost workers’ compensation program for security guard and investigative agencies is available from The Mechanic Group. Dollars: Up to $1 million. Carrier: The Hartford rated “A+” XV by A.M. Best. …