Massachusetts News

More N.J. Employers Dropping Health Plans Due to High Cost

More Garden State employers dropped health insurance coverage for workers last year amid skyrocketing costs that were nearly double what they were five years before, according to a major business association’s survey of its members. The information was likely to …

Mass. Firm Fights State’s Bill for Explosion; Insurers Look to Recoup

A Massachusetts ink manufacturer whose plant exploded and damaged dozens of homes has mounted a legal challenge to the state’s authority to bill it $312,000 for the cost of responding to the crisis. Lawyers for CAI Inc. in Danvers, Mass. …

OneBeacon and Hagerty Form Strategic Alliance

OneBeacon Insurance Group and Michigan-based Hagerty Insurance Agency and Hagerty Classic Marine Insurance Agency, announced a partnership to provide property and casualty products to the specialized car and boat collector markets. Through this agreement, Hagerty will offer its customers access …

Vermont Diocese Found Lacking in Anti-Abuse Audit

Vermont’s Catholic Diocese has met most of the standards set by the U.S. Conference of Catholic Bishops to prevent sexual abuse by priests, but came up short in training volunteers, an audit has found. Vermont and the Cincinnati diocese were …

Small Businesses Wary of Mass. Health Coverage Requirements

Gibson Engineering says the health care coverage it offers its 35 workers is generous — its plan features high deductibles, but includes a unique self-insurance provision to limit employees’ out-of-pocket expenses. “Our employees like our plan very much, and it …

Fire Marshal, State Ask Dismissal from R.I. Nightclub Fire Case

A state fire marshal who said he never noticed a major safety problem at a Rhode Island nightclub where a fire later killed 100 people can’t be sued because state law shields him from liability and because he didn’t ignite …

Tower Completes Acquisition of Northeast Insurer, Preserver Group

Tower Group, Inc. reported that it has completed the acquisition of Preserver Group, Inc., a New Jersey based property and casualty insurer. This transaction was previously announced on Nov. 14, 2006. Preserver Group, Inc. produced $86 million in direct premiums …

Captive Insurers Honor Vermont Regulator

For over 30 years Leonard Crouse has been credited as a key figure in advancing the captive insurance industry. Crouse, the deputy commissioner for captive insurance for the State of Vermont, has been honored for his efforts with the 2007 …

Houston General to Enter Illinois Personal Insurance Market

Houston General Insurance Exchange announced that it will begin offering personal lines products – including coverage for automobiles, homes, condominiums, watercraft and personal liability – to Illinois consumers in May. Houston General Insurance Exchange is a property-casualty insurance carrier that …

Small London company uses computer archive to help find stolen art

The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …