Massachusetts News

Commerce Net Earnings Rise, Losses Fall in 2nd Quarter

The Commerce Group Inc. out of Webster, Mass. reported that 2005 second quarter net earnings were $62.6 million, or $1.85 per diluted share, compared to net earnings of $37.4 million or $1.14 per diluted share for 2004. During the second …

Allmerica Doubles 2d Quarter Profit Thanks to Strong P/C Results

Allmerica Financial Corp. announced that its profit in the second quarter more than doubled due to strong growth in the company’s property and casualty segment. Net income grew to $72 million, or $1.34 per share, from $32.4 million, or 60 …

Harvard Developing Uniform Apology Policy for Boston Hospitals

Some of Harvard Medical School’s top teaching hospitals may add a lesson for their doctors: how to say sorry. A national specialist on patient safety, Dr. Lucian Leape, has led a group of physicians, patients, and hospital executives in drafting …

Leonard Joins First Notice Systems as Vice President

First Notice Systems, Inc., a claim-reporting firm for the insurance industry, has appointed Mark Leonard to the position of vice president, account management. Leonard will head the company’s strategic account management team to manage and grow the company’s client base. …

Sierra Reports 2Q 2005 Earnings of $1.01 Per Diluted Share

Las Vegas-based Sierra Health Services Inc. reported that net income for the quarter ended June 30, 2005 was $33.8 million or $1.01 per diluted share, compared to $38.2 million or $1.10 per diluted share for the same period in 2004. …

‘Adverse Surprise’ Workers Comp Cases Consume 40% of Medical Costs

Workers’ compensation cases with significant unanticipated medical care and costs are most common in California and Texas, and can represent as much as 30 to 40 percent of medical costs in most states, according to a new study by the …

Evans to Head ASU International’s London Unit

HCC Insurance Holdings Inc. announced that David J. Evans has joined its underwriting agency subsidiary ASU International Inc. as managing director of their London-based operations. ASU is headquartered in Wakefield, Mass., with offices in Los Angeles, New York City and …

Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the

OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer. Miller replaced John Cavoores, who left the company for personal …

News Briefs

MASSACHUSETTS Marsh Clients Urged to Hold Off: Massachusetts insurance customers of insurance broker Marsh & McLennan are being urged to hold off on agreeing to the broker’s proposed settlement by the state’s attorney general. Attorney General Tom Reilly has mailed …

People & Places

Mike Miller OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer. Miller replaced John Cavoores, who left the company …