A Middleborough, Mass. couple have been indicted on charges they committed fraud when they attempted to collect insurance money for a barn they deliberately destroyed and then reported to be collapsed. Officials said that Gina Driscoll, age 39, and Dennis …
People’s United Financial, Inc., the holding company for People’s United Bank in Bridgeport, Connecticut, has agreed to acquire similarly-sized Chittenden Corp. of Burlington, Vermont, in a stock and cash transaction valued at $1.9 billion. The combined company will have assets …
At a June 21 congressional hearing in Washington, D.C., insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …
Settlement talks are planned this week in the lawsuit brought by the family of a Massachusetts motorist killed nearly a year ago by falling ceiling panels in a tunnel in Boston’s Big Dig, according to a published report Sunday. Lawyers …
The U.S. House of Representatives passed H.R. 1065, the Nonadmitted and Reinsurance Reform Act of 2007, legislation that if enacted, will help increase the efficiency of the existing state-based insurance regulatory system, supporters say. H.R. 1065 is virtually the same …
In a case stemming from a devastating oil spill, a federal appeals court in Boston sided with environmentalists and ordered a new hearing on a Massachusetts law aimed at preventing such disasters. The Legislature passed the Oil Spill Prevention Act …
Massachusetts officials are suing a New York man who allegedly operated a Web site that mimicked the state’s Registry of Motor Vehicle site and misled consumers into paying a fee to download forms they could obtain for free. The attorney …
The Hanover Insurance Group, Inc. has agreed to acquire a professional liability insurer, Professionals Direct, Inc., for $23.2 million. Professionals Direct is the Michigan-based holding company for the Professionals Direct organization, a provider of professional liability insurance for small and …
A ban on using so-called belt air ventilation is among numerous provisions in sweeping coal mine safety legislation introduced in the U.S. House this week. Other provisions would speed the installation of better underground communication systems and airtight refuge chambers …
A former Wal-Mart pharmacist who claimed she was fired after asking to be paid the same as her male colleagues won a nearly $2 million award against the retail giant this week in Massachusetts. A Berkshire Superior Court jury concluded …
