Florida Attorney General Charlie Crist has issued subpoenas seeking documents and records from 10 firms and anticipates sending six more subpoenas out next week as insurance industry investigations widen. Crist is investigating arrangements between insurers and brokers commercial group accounts …
The Workers Compensation Research Institute (WCRI), based in Cambridge, Massachusetts, announced it will present the most recent results for Texas from the 5th Edition of the annual WCRI CompScope™ multistate benchmarks study on Dec.14 in Austin. The benchmark study, to …
This time around, it won’t be a flood of lawyers and hanging chads like in 2000. In a call to President Bush Wednesday morning shortly after 11 a.m. (EST), Massachusetts Sen. John Kerry (D) conceded the 2004 Presidential election, which …
The late U.S. House Speaker Thomas P. “Tip” O’Neill (D-Mass.) is famous for insisting, “All politics is local.” Apparently, O’Neill wasn’t counting the money. When it comes to money in Washington, the biggest players are those with national, not local, …
A carnival ride accident that threw a Massachusets man to his death last month was caused by a chain reaction that started when the safety bar holding the man and his companion in place failed, causing their weight to shift …
A Leominster, Massachusetts man and his son-in-law were sentenced this week in federal court to terms of imprisonment for their roles in a Worcester temporary employment agency fraud scheme. United States Attorney Michael Sullivan; Joseph Galasso, Special Agent in Charge …
Northeast Financial Services, Co., Auburn, Maine, a subsidiary of Northeast Bank, recently agreed to acquire Sargent Insurance Agency of Rangeley, Maine. The expanded insurance agency will be known as Northeast Financial Services, Co. with Craig Sargent managing the entire division. …
Fireman’s Fund Insurance Company, on behalf of its various subsidiary companies, has reportedly rescinded its decision to withdraw from the Massachusetts personal automobile insurance market. “Over the past month, we conducted an examination of the Commonwealth Automobile Insurance reform proposals …
Harvey R. Pierce, chairman and chief executive officer of the American Family Insurance Group was elected chairman of the Property Casualty Insurers Association of America (PCI) at its annual meeting today. Pierce began his career with American Family in 1963 …
Allmerica Financial Corporation (NYSE: AFC) in Worcester, Mass. has reported third quarter net income of $17.7 million, or $0.33 per share, compared to net income of $11.4 million, or $0.21 per share, in the third quarter of last year. Total …
