Massachusetts News

Flaherty to Succeed Keehfus as First Cardinal President, CEO

Latham, N.Y.-based First Cardinal LLC, a provider of third-party administrative services for workers’ compensation self-insurance groups, announced that co-founder and chief operating officer Richard S. Flaherty has been promoted to president and chief executive officer of First Cardinal and its …

ACE Provides Pollution Cover for Mass. Brownfields Program

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, been selected to participate in the Massachusetts Brownfields Redevelopment Access to Capital (MassBRAC) program, which encourages the cleanup and redevelopment of brownfields properties. ACE Environmental Risk, a …

Study Identifies High Costs of Doing Business in Mass.

A new study by a Boston-based think tank shows that Massachusetts firms in nine selected industries including financial services have costs that are on average 20 percent to 30 percent higher than similar companies in Texas, North Carolina and New …

Third Quarter Earnings Drop Slightly at Commerce Group

The Commerce Group, Inc. reported 2006 third quarter net earnings were $56.5 million, or $0.83 per diluted share, compared to net earnings of $59.8 million or $0.88 per diluted share for 2005. Included in the 2006 third quarter results are …

N.J. High Court Rules Gays Entitled to Rights, Benefts of Marriage

The New Jersey Supreme Court has ruled that the equal protection clause of the state’s constitution requires that “committed same-sex couples must be afforded on equal terms the same rights and benefits enjoyed by opposite-sex couples under the civil marriage …

Insurance Contributors Favor Republicans; Santorum, Clinton, McGavick Top Recipients

Insurance-related contributors to this year’s midterm Congressional races are favoring Republicans 2-to-1 over Democrats while the overall total given by insurance interests appears down from two years ago. According to the non-partisan Center for Responsive Politics, insurance political action committees …

Comp Administrator First Cardinal Adds Staff at N.Y. Headquarters

Workers compensation administrator First Cardinal LLC has hired several new employees at its Latham, N.Y. headquarters. Stacy Anuszewski, of Saratoga Springs, N.Y., has joined the claims department as claims representative. A graduate of the College of St. Rose in Albany, …

Hanover Names Hussey as Mass. Personal Lines Underwriting VP

The Hanover Insurance Group, Inc. has appointed Michael Hussey as vice president of underwriting for personal lines business in Massachusetts. Hussey has 20 years experience in the property and casualty industry. He joined The Hanover in 1986 as personal lines …

Insurance issues take back seat in Mass. governor’s race

Insurance issues have taken a back seat to crime and taxes but there is evidence that the candidates locked in the race to succeed Massachusetts Gov. Mitt Romney do have insurance on their radar. Republican Kerry Healey has made deregulation …

Mass. panel urges jail time for employers’ safety failures

A legislative panel in Massachusetts is recommending that company officials face criminal charges if they have recklessly failed to protect workers who are killed on construction sites, according to a published report. “The prospect of criminal convictions and jail time …