March 19, 2006
Massachusetts State Sen. Andrea F. Nuciforo Jr. has announced that he will not seek re-election in November and will instead run for registrar of the Middle Berkshire Registry of Deeds. Nuciforo, D-Pittsfield, told the Berkshire Eagle on Friday that he …
March 16, 2006
House and Senate negotiators in Massachusetts are nearing a final deal on a health care reform package, Senate President Robert Travaglini said Tuesday. “The biggest obstacle that we’re left with is just fine tuning the language and the definitions and …
March 16, 2006
The Senate Health, Education, Labor and Pensions Committee yesterday ended a stalemate over a decade old and voted in favor of a landmark bill to allow business and trade associations to band together to purchase group health insurance. The bill …
March 15, 2006
Some Massachusetts politicians want to make sure that good drivers in communities that crackdown on auto insurance fraud reap the savings. But insurers contend that an overhaul of the entire auto insurance system, rather than mandating that cost savings be …
March 12, 2006
Eastern Insurance Group today has acquired Howland’s Insurance Agency in Rockland, Mass. For Eastern Insurance, the acquisition increases its customer base south of Boston, where it already has seven locations. In all, Natick-based Eastern Insurance has 18 locations in eastern …
March 12, 2006
Safety Insurance Group, Inc. in Massachusetts reported net income for 2005 was $95.2 million, or $5.97 per diluted share, compared to $45.0 million, or $2.90 per diluted share, for 2004. Safety’s book value per share increased to $24.57 at December …
March 10, 2006
The Massachusetts Supreme Court is scheduled to hear oral arguments today in a case that could decide the future of the state’s auto insurance market. Commerce Insurance Company v. Commissioner of Insurance Automobile Insurance deals with whether the Commissioner of …
March 10, 2006
Hub International Limited has made several management changes in its New England operation. Charles (Charley) J. Brophy will assume the role of president and chief executive officer of insurance brokerage Hub International New England (HUB New England). Brophy will succeed …
March 10, 2006
Lloyd’s Chairman Lord Peter Levene may finally get his wish, as U.S. insurance regulators have instructed a National Association of Insurance Commissioners (NAIC) task force to examine options for a reform of the U.S. rules on allowing credit for reinsurance. …
March 9, 2006
Seventeen-year-old Brittney Hudson wasn’t wearing her seat belt when it mattered most, the moment her 2004 Toyota Celica rolled over along a rural stretch in western Colorado and ejected her from the vehicle. The crash happened a day before Thanksgiving …