The Blue Hills Ski Area in suburban Boston has reopened after the private operator of the state-owned facility found new liability insurance coverage. “We found a carrier that would work with us,” said Al Endriunas, who co-owns Ragged Mountain Resort, …
A build-up of chemical vapor was the fuel for a massive explosion at a Danvers, Mass. paint and ink factory that leveled the building and forced a neighborhood evacuation, according to a preliminary conclusion by federal investigators. The Chemical Safety …
Massachusetts officials have given the green light to the redomestication of Harleysville Worcester Insurance Co. to Pennsylvania. The company is a subsidiary of Pennsylvania-based Harleysville Insurance Group, whose officials sought the move in order to lower administrative and actuarial costs. …
The Army Corps of Engineers reported last week that 122 levees from Rhode Island to California are at risk of failing, potentially affecting thousands of people and requiring millions of dollars in repairs. Residents of communities near some levees could …
The Federal Deposit Insurance Corp. on Wednesday extended for one year a moratorium on considering nonfinancial companies’ applications to establish or acquire banks. The decision puts on hold pending applications from companies including Wal-Mart Stores Inc., Home Depot Inc., DaimlerChrysler …
Massachusetts Attorney General Martha Coakley has setttled a case brought by the state against Employers Reinsurance Group (ERC), a former subsidiary of General Electric, for unlawfully hiking the price of the Boston Water & Sewer Commission’s workers compensation insurance. According …
Hurricane Katrina and the New Orleans Flood was a wakeup call to the nation on the vulnerability of the nation’s levee systems. So after completing its notification of levee owners, the U.S. Army Corps of Engineers has released the locations …
AIR Worldwide announced that Karen Clark, its current president and CEO, will assume the role of vice chairman of the board of AIR, effective April 15, 2007. S. Ming Lee, currently the company’s executive vice president, will succeed her as …
Arthur J. Gallagher & Co. has announced the acquisition of InterNational Insurance Group, Ltd. of Boston, Mass. Terms of the transaction were not disclosed. InterNational Insurance Group, Ltd. offers risk management and property and casualty insurance services for their commercial …
More than 200,000 Massachusetts residents who already have health insurance would be forced to buy additional coverage to meet the proposed minimum standards under the state’s new health insurance law, according to insurers. Most of those in question either do …
