Massachusetts News

FEMA, East Coast States Ready for Earl

As Hurricane Earl prepares to approach North Carolina tonight, the Federal Emergency Management Agency (FEMA) says it is preparing for the storm and supporting state and local officials along the East Coast as they work to protect their communities. FEMA …

Dead Soldiers’ Parents Join Lawsuit Against Prudential Over Benefits

The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself. Five plaintiffs joined the original plaintiff Monday in the lawsuit, which …

William Gallagher Associates Acquires Paradigm

Boston-based broker William Gallagher Associates has acquired Paradigm Associates, a health and welfare benefit plan consulting group headquartered in Braintree, Massachusetts. Paradigm Associates was founded in 1995 and has a client base of 85 organizations with particular expertise in health …

New Hampshire Workers’ Comp Trust to Pay $245K in Dividends

The Association Members Workers’ Compensation Trust said it will pay dividends totaling $245,000 to New Hampshire businesses that participated in the program between 2004 to 2006. The dividends, a portion of which were previously distributed, vary between 19 percent to …

K&K Insurance Adds New Regional Sales Staff Across U.S.

Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …

Massachusetts Agents Score Policy Ownership Victory

Massachusetts insurance agents scored a victory as the state’s governor signed a new law allowing them to keep their rights to clients’ expiring auto policies – a move sought by agents since the state’s insurance system was deregulated two years …

Massachusetts Court: No Coverage for Lost Rent at Foreclosed Building

A mortgagee that foreclosed on a fire-damaged apartment building in Massachusetts cannot recoup lost rent under a business owner’s policy, the state’s Appeals Court has ruled. The case centered on a lawsuit filed by Casco Bay Finance Co. against Quincy …

MyNewMarkets: New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Manufacturers Market Detail: Penn Millers Insurance Co.’s (www.pennmillers.com) manufacturers program offers property, crime, liability, automobile …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Manufacturers Market Detail: Penn Millers Insurance Co.’s manufacturers program offers property, crime, liability, automobile and …

Pension Fund Sues Hewlett-Packard Directors Over CEO Hurd Exit

Hewlett-Packard Co.’s directors have been sued by a Massachusetts pension fund that alleges they violated their fiduciary duties in connection with the abrupt departure of Chief Executive Mark Hurd, causing the company’s shares to fall. The shareholder derivative lawsuit accused …