Massachusetts News

Noy to Succeed Leamon as Chief of Liberty Mutual Safety Institute

Liberty Mutual Group in Boston announced that Tom Leamon, director of its Research Institute for Safety since 1991, will retire in late 2006. Liberty Mutual has appointed Dr. Y. Ian Noy vice president and director to succeed Leamon. Built in …

Vermont Mutual Latest to Exit Cape Cod Mass. Homeowners Market

Another insurer has decided it can’t continue to write homeowners insurance policies on Cape Cod. Starting April 1, Vermont Mutual will stop renewing about 4,700 homeowners and 400 dwelling policies, Tom Tierney, president of the insurer, confirmed to Insurance Journal. …

Mass. Man Sentenced to Jail for Perjury, Workers’ Comp Fraud

A Gloucester, Massachusetts man has been sentenced to jail for committing perjury in relation to a workers’ compensation scheme, Attorney General Tom Reilly announced. Timothy Hayes, 39, pleaded guilty this month to one count each of perjury and workers’ compensation …

Illinois courts should be for Illinois cases, not a tourism attraction

When people in other states think of Illinois, many things come to mind to epitomize some aspect of the state; for example, some people conjure up images of Abraham Lincoln, while others think of the World Champion Chicago White Sox, …

Regulatory modernization tops industry’s legislative agenda for 2006

With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in several states and some changes in state laws on pricing, property/casualty industry trade groups made political progress …

Parties far apart on Mass. homeowners’ residual market rates

Hearings to decide rates for the homeowners’ insurance residual market in Massachusetts have been going on since November and will continue for several more months, according to officials. The three major parties–the residual market insurer Fair Plan, the State Rating …

From New England to Virginia, courts and juries made insurance headlines

Up and down the East coast, much of the most interesting local insurance news in 2005 took place in the courts of law and not in the court of public opinion. A New Jersey Supreme Court ruling allowing people who …

Identity Recovery Coverage – Personal Lines

Nuts & Bolts: Merchants Insurance Group introduced a newly expanded Identity Recovery Coverage program for homeowners’ policyholders. The new coverage is designed to help victims of identity theft, clear their credit history and repair their identity records. It is available …

Identity Recovery Coverage Personal Lines

Nuts & Bolts: Merchants Insurance Group introduced their newly expanded Identity Recovery Coverage program for homeowners’ policyholders. The new coverage was designed to help victims of identity theft clear their credit history and repair their identity records and is available …

Business Moves

Bollinger, MLW Services Bollinger Inc. has acquired MLW Services Inc. of New York. The principals of MLW, Andrew Marks, president and CEO, Bert Linder, executive vice president and Chuck Weisblum, chairman, will continue in executive capacities with Bollinger. According to …