Massachusetts News

Hiscox USA Opens Southeast Regional Office

Hiscox USA has opened a Southeast regional office in Atlanta, Georgia. The office, which is led by Robert Gadaleta will serve as a regional hub for brokers in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas. …

Fiesta Auto Insurance Opens 20 Locations Nationwide

Huntington Beach, Calif.-based Fiesta Auto Insurance, a franchise system to combine insurance and tax preparation under one roof, announced it has opened 20 new locations during the past 90 days. The company’s unprecedented growth phase has increased its presence to …

Increase in Falsified Insurance Applications Tied to Economy

One of the many consequences of a tight insurance market during tough economic times is that potential insureds may have difficulty obtaining coverage if they have bad loss records or conditions that may indicate greater than normal risk. Over the …

Florida Residents Seek $500 Million in Superfund Lawsuit

Residents of a neighborhood on the edge of a polluted Florida Superfund site have sued the property owners, seeking at least $500 million to decontaminate their homes and monitor their health. The so-called Cabot/Koppers Superfund site covers about 140 acres …

Obama: U.S. Faces Another Financal Crisis If Lessons Aren’t Learned

U.S. President Barack Obama will tell Wall Street Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless rules are tightened to rein in the industry’s risky practices. In a speech in New York that …

Mass. Court: Lease Agreement to Buy Insurance Trumps State Law

A lease agreement to buy insurance for a landlord trumps state law that prohibits property owners from requiring tenants to indemnify landlords for their own negligence, Massachusetts highest court ruled. The decision centers on an appeal brought by Cummings Properties, …

Illinois Injured Worker Prescription Drug Costs Lower Than Study Median

The payment per claim for prescription drugs used to treat injured workers in Illinois was slightly lower than in most study states, according to a new study by the Workers Compensation Research Institute (WCRI). The 16-state study by the Cambridge, …

ProMutual Group Hires Judson, Promotes McKenna

Boston-based professional liability insurer ProMutual Group has hired Daniel R. Judson as compliance manager and promoted Diane McKenna to director of physician education. Judson will engage with the copmpany’s business units to ensure the company’s policies and procedures are understood …

Pacific Gateway Acquires Homestate’s California P/C Division

Pacific Gateway Insurance Agency (PGIA), a wholly owned managing general agent/managing general underwriter of National Indemnity Insurance Co. (NICO), a member of the Berkshire Hathaway Group of Insurance Companies, has acquired the California property/casualty division of the Berkshire Hathaway Homestate …

San Francisco Bay Area Insurance Agency Offers College Scholarships

Local multicultural college students from the San Francisco Greater Bay Area will have a chance to win scholarships and internship opportunities in the financial services field as part of a newly expanded scholarship program sponsored by the San Francisco Bay …