A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the FAIR Plan, according to the industry. Dr. Robert Hartwig, president …
A federal court in Boston sentenced a man to more than five years in prison for his role in a multistate insurance fraud scheme in which prosecutors said he and his wife intentionally ate glass fragments and collected more than …
Canada’s TD Bank Financial Group reported that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase would double TD Bank’s presence …
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 …
Now 21 states require cigarettes to be self-extinguishing Cigarettes sold in 21 states will be self-extinguishing after a strikingly high 15 states passed new laws this year to combat smoking-related blazes, the No. 1 cause of home-fire deaths. “Fire-safe” cigarettes, …
Competition helps but drivers still pay most 8 Maine cop hit by police car covered Court rules in the case of a stolen police car 8 N.Y. to issue illegal immigrants licenses Supporters see fewer uninsured motorists 10 Mass. warned …
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. …
A Massachusetts consumer group and Attorney General Martha Coakley urged Insurance Commissioner Nonnie Burnes to incorporate more consumer protections and ban the use of credit scores in her proposed auto insurance deregulation plan at a public hearing. “We all like …
Declarations “We all like competition when it works but we’ve seen enough failures to know that without proper safeguards, businesses will seek to add to their bottom line at the expense of the public and the consumer.” — Deirdre Cummings, …
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 …
