Massachusetts News

Mass. Lt. Gov. Healey to Address Agents at The Big Event

Massachusetts Lieutenant Governor Kerry Healey has agreed to address members of the Massachusetts Association of Insurance Agents at the group’s upcoming annual convention, known as The Big Event. Republican Healey, has been preparing to run for governor in the event …

Mass. City Honors OneBeacon Employee for Fraud Fight

Theresa Flaherty, head of the New England Special Investigations Unit of OneBeacon Insurance Co. in Boston, has been recognized by the city of Lawrence, Mass., and Mayor Michael Sullivan for her work and that of OneBeacon to combat insurance fraud. …

Ark. AG Sues Company Selling Deceptive Prescription Drug Cards

Arkansas Attorney General Mike Beebe filed suit against Peoples Benefit Services Inc., a company that claims to offer discounts on prescription drugs, the AG’s office announced. Based in Pennsylvania, Peoples Benefit has mailed at least 107,000 solicitations to Arkansas consumers, …

Best Upgrades Public Data Rating for Liberty Mutual Insurance Europe

A.M. Best Co. has upgraded the public data rating to A- (Excellent) from B+ (Very Good) of Liberty Mutual Insurance Europe Limited (LMIEL) (United Kingdom). Public data (pd) ratings reflect a quantitative analysis of a company’s results based on publicly …

Gov. Romney, Insurers Wage TV Ad War Over Mass. Auto Reforms

Massachusetts Gov. Mitt Romney’s legal office asked television stations this week not to air advertisements attacking his auto insurance reform proposal, sparking criticism that he is trying to squelch debate about the issue. The governor’s intervention turns up the heat …

Admitted Drunk, Underage Driver Can Sue Bars, Mass. Court Rules

A Suffolk Superior Court in Boston has ruled that an admittedly drunk underage drinker in Massachusetts can sue two bars that served him alcohol before he was involved in a vehicle crash. According to Judge Ralph Gants, drunk driver Robert …

White Mountains Notes Book Value Per Share of $345

Bermuda-based White Mountains Insurance Group Ltd. ended the third quarter of 2005 with a fully converted tangible book value per share of $345, down $14 from the second quarter of 2005 primarily due to the Gulf Coast hurricanes. Tangible book …

Allmerica Changes Name to The Hanover Insurance Group

Allmerica Financial Corporation announced that, effective Dec. 1, it will change its name to “The Hanover Insurance Group, Inc.” and that its stock will trade on the New York Stock Exchange under the stock ticker symbol “THG.” “Over the past …

CPCU Society Names 2005-06 Officers and Governors

The CPCU Society has announced its new officers and governors, effective immediately. The following officers have been officially elected: The CPCU Society’s incoming president, Millicent W. Workman, CPCU, CPIW, is a Risk Management Consultant based in Memphis, Tenn.. CPCU Society …

Berkshire Bank Acquires 2 Western Mass. Agencies

Berkshire Insurance Group, Inc., a wholly-owned subsidiary of Berkshire Hills Bancorp, Inc. in Pittsfield, Mass., has acquired the business and assets of each of MacDonald & Johnson, Inc., a full-service property and casualty insurance agency located in East Longmeadow, Mass. …