A Massachusetts woman admits that she and her husband intentionally ate glass particles, then submitted false insurance claims. Mary Evano pleaded guilty Tuesday to a 23-count indictment charging her with fraud, conspiracy and other offenses. The indictment alleged that between …
The results are in from the 2010 Best Independent Insurance Agency to Work For survey by Insurance Journal. The owners of the Best Agencies to Work For in 2010 accent different programs or benefits depending upon their employee needs, their …
Safety Insurance has begun refunding a total $7.2 million to roughly 21,000 Massachusetts policyholders who were overcharged for motorcycle insurance, according to the state’s attorney general. The refunds are part of a settlement with several motorcycle insurers reached earlier this …
New Jersey-based Professional Risk Solutions (PRS), a wholesale insurance broker, has purchased the assets of Gremesco of Florida, LLC, one of seven members of the Gremesco group of companies. All of the other offices of wholesaler Gremesco remain in business …
Texas Commissioner of Workers’ Compensation Rod Bordelon recently announced final disciplinary actions taken in August by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC). Commissioner’s orders are subject to appeal to state district court within 30 days after …
Margaret Marshall has joined the New England office of wholesaler Russell Bond, as an underwriter, focusing on new and renewal business. She will be based in the newly relocated Westfield, Massachusetts office for the firm. Marshall has extensive retail agency …
The Atlantic region can expect one more major hurricane this autumn and the northeast U.S. coast still faces double the average risk of getting hit, Weather Services International (WSI) said Tuesday. The Massachusetts-based private forecaster predicted the six-month Atlantic-Caribbean storm …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior unsecured debt rating to W.R. Berkley Corp.’s (WRB) proposed issue of $300 million of 5.375 percent senior unsecured notes, which are due in 2020. “WRB will use the net proceeds …
Mass. Med Mal Concerns “A shift in the Massachusetts medical professional liability insurance environment requires we make appropriate rate revisions to ensure our policyholders are adequately protected.” —Denise Funk, CEO of Connecticut-based medical professional liability insurer CMIC, which said it …
Edgewood Partners, Wholesale Trading Edgewood Partners Insurance Center (EPIC), its co-founder John Hahn and industry investor Jeff Cappel have formed Wholesale Trading Co-Op Insurance Services (WTC), a boutique wholesale brokerage firm that will serve approximately 30 large, privately held retail …
