Opponents of changes to the way the Massachusetts auto insurance system handles high risk drivers have won a court stay of rules that were to begin going into effect this week. In granting the injunction, Superior Court Judge Raymond J. …
Pilgrim Insurance, a unit of The Plymouth Rock Group of Companies, in Boston, has been accepted by the Federal Insurance and Mitigation Administration to participate in the Write Your Own Flood Program (WYO). This program enables Pilgrim to issue flood …
By a 5-2 bipartisan vote members of the Colorado Senate Business, Labor and Technology Committee rejected a measure that would have banned insurers from using credit history to underwrite and rate automobile and homeowners insurance policies. The action by state …
California Insurance Commissioner John Garamendi on Wednesday helped deliver the first checks from a $20 million settlement of a class action lawsuit to resolve insurance claims stemming from the Armenian Genocide nearly 90 years ago. The Commissioner reportedly played an …
Five individuals have been charged in federal court with participating in a massive tax and insurance fraud scheme in connection with their operation of temporary employment agencies in Southeastern Massachusetts. They are accused of paying employees more than $30 million …
Massachusetts insurance agents are urging the state to appeal a recent court ruling that permits banks selling insurance in the state to skirt certain consumer protections imposed by the state legislature. The Massachusetts Association of Insurance Agents said it is …
Massachusetts trial lawyer Robert Bonsignore is prepared to file a class action suit in U.S. District Court today in Boston accusing insurance broker Marsh and several insurers of price-fixing and consumer fraud. Bonsignore said his suit would target Ace Insurance …
Dec. 16, 1773, was a sad day for Lloyd’s of London. On that day, angry colonists threw 340 crates into Boston harbor in the revolutionary Boston Tea Party. Turns out, Lloyd’s insured those crates of tea. Appearing in Cambridge, Mass., …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
The Massachusetts Property Insurance Underwriting Association, or FAIR Plan, has been granted the ability to file for higher rates for properties in coastal areas thanks to a new law signed by Gov. Mitt Romney. The FAIR Plan, which was created …
