Engineering companies that worked on the massive Big Dig highway project filed suit against the Massachusetts Turnpike Authority, saying the agency isn’t providing them with enough liability insurance against lawsuits. The complaint, filed in Suffolk Superior Court, would require the …
Workers’ compensation costs per claim in Illinois are increasing rapidly, driven by higher medical costs per claim and greater use of medical services to treat injured workers, according to the Workers Compensation Research Institute (WCRI). The study of 12 states, …
The Property Casualty Insurers Association of America (PCI) has urged the Commonwealth Automobile Reinsurers (CAR) Governing Committee, the board that oversees the high-risk auto insurance pool in Massachusetts, to immediately adopt changes in the way it operates. In a letter …
Hub International Limited announced that their Wilmington, Massachusetts-based hub, C.J. McCarthy Insurance Agency (McCarthy) has purchased for an undisclosed amount of cash the assets of Lyman Insurance Agency Inc. and Conly-Lyman Insurance Agency Inc. (Lyman). Lyman has two offices in …
A research report from the Massachusetts-based TowerGroup finds insurers are realizing that the Sarbanes-Oxley Act can serve as a catalyst for long-term financial systems architecture strategy and process improvements. “The globalization of insurance and the current complex regulatory environment necessitate …
An Essex County sheriff’s deputy and a Lawrence police officer have been disciplined for their roles in providing auto accident reports to a Lawrence chiropractic clinic caught in an auto insurance fraud crackdown. Sheriff’s Deputy Anthony Howard and officer Ivan …
Fireman’s Fund Insurance Company has chosen American Collectors Insurance Inc. a specialty niche managing general agent – as exclusive provider for its co-branded collector vehicle program that insures the recreational driving of classic and collectible vehicles. Qualifying vehicles include classic …
Leonard Brevik The National Association of Professional Insurance Agents (PIA) has named Leonard C. Brevik as executive vice president of the association and chief executive officer of its for-profit subsidiary, PIA Services, Inc. Brevik most recently headed Bak-Brevik Investments, a …
The Rhode Island Senate on a 25-7 vote passed legislation that would ban smoking in nearly every public place in Rhode Island. The Rhode Island Workers’ Safety Act of 2004 (2004 – S2029A), sponsored by Sen. V. Susan Sosnowski (D-Dist. …
Both the commercial and personal lines property/casualty markets grew significantly in 2002 creating opportunities for each of the three major distribution systems: independent agents and brokers, captive agents, and the direct response companies. The larger the market share in a …
