A Massachusetts jury found a Lawrence lawyer guilty of auto insurance fraud in a scheme that prosecutors say involved staged accidents and phony victims. A jury in Salem Superior Court jury deliberated for two days before convicting Charles Lonardo, 45, …
Sending a sharp rebuke to Gov. Mitt Romney, House lawmakers voted overwhelmingly to overturn his vetoes to the state’s landmark health care law, including the controversial $295 fee on businesses who don’t offer insurance. The predominantly Democratic House broke from …
Safety Insurance in Boston, Mass. has appointed Ann McKeown to the position of director of its Massachusetts auto insurance underwriting. McKeown brings 16 years of insurance experience to her new position, having joined Safety Insurance in 1989. She was promoted …
A lawsuit filed by a former altar boy who claimed he was sexually abused by a Catholic priest in the 1970s has been settled for $965,000 as the case was due to go to trial. Michael Gay, 38, of South …
Safety Insurance in Boston, Mass. has promoted Bob Kostro to director of claims operations. Kostro joined Safety in 1987 as a claims adjuster trainee. He worked in several claims positions before being promoted in 1992 to claims manager of the …
American Financial Group, Inc.’s subsidiary, Great American Financial Resources, Inc., has reached an agreement to sell Chatham Bars Inn, its resort-hotel property located on Cape Cod, Massachusetts, for $166 million. The sale, which is subject to customary closing conditions, is …
Massachusetts may be getting a lot of attention for a new law requiring health insurance for all state residents, but in Nashville, Tennessee Gov. Phil Bredesen is happy to be taking what he calls the opposite approach. Bredesen, a Democrat, …
W. Flagg Pavlik has joined Jimcor Agencies’ brokerage division in Pittsburgh, Pa. Patrick Fleming, Pittsburgh branch manager, said Jimco will draw on Pavlik’s expertise to grow its Jimcor Select Risk division and to tackle the more difficult property, inland marine …
Stock Prices: Although P/C broker stocks were up 7 percent during the February/March period, Aon Corp. continued to outperform the sector trading up 21 percent for the two-month period. The company reported fourth quarter and full year 2005 results in …
Underinsurance not only leaves policyholders vulnerable, it impacts the profitability of most insurers. Recent high profile events, such as the 2004 and 2005 hurricanes and the 2003 Southern California wildfires, have brought to national attention the problem of underinsurance. Unfortunately, …
