Massachusetts News

Kenneth Feinberg to Head Sept. 11 Victims’ Fund

U.S. Attorney General John Ashcroft has named Kenneth Feinberg, a Washington lawyer and former aide to Senator Edward Kennedy (D-Mass.), to head the Victims’ Compensation Fund, established by the government to help the thousands of people affected by September’s terrorist …

Gerald Fels Elected President, COO, CFO of Insurers Commerce and Citation

The Directors of the Commerce Insurance Co. and Citation Insurance Co., the Massachusetts-based subsidiaries of Commerce Group, Inc. have elected Gerald Fels as President, COO and CFO. Fels, a 26-year veteran with Commerce, will be responsible for managing the overall …

Sunny Skies on East Coast Heighten Drought Threat

The mild dry weather which the East Coast has enjoyed for almost three and a half months has unfortunately caused a serious downside, as the lack of rainfall threatens to exacerbate drought conditions throughout the region. An investigation by Washington …

Liberty Mutual Policyholders Approve Mutual Holding Company Plan

Liberty Mutual Group announced that policyholders of Liberty Mutual Insurance Company and Liberty Mutual Fire Insurance Company have overwhelmingly approved the company’s mutual holding company plan during special meetings for members of both companies. One of the requirements for the …

WCRI Study Finds Rapid Comp Cost Rise in Mass.

The Workers Compensation Research Institute, based in Cambridge Massachusetts, reports that a new study shows that workers’ compensation claims costs rose by as much as 10.5 percent from 1997 to 1998, based on experience through mid-1999. Claims costs grew by …

InsureZone’s AgentSecure Adds Seven New Customers

InsureZone, the nationwide “clicks and mortar” insurance agency that enables purchases of small commercial insurance through multiple channels, announced that AgentSecure — its Web-enabled market-access program for smaller and rural commercial agents — has picked up seven new exclusive co-marketing …

IIAA Announces 2002 National Executive Committee

The Independent Insurance Agents of America (IIAA) confirmed Thomas B. Ahart, as president; installed W. Cloyce Anders and Louise “Bebe” Canter to key executive leadership positions and added Alex Soto, ARM, CPCU to the association’s Executive Committee at the Hawaii …

IIAA Presents Richard Davis Woodworth

Richard W. Davis, was presented the Independent Insurance Agents of America’s (IIAA) highest individual honor — the Woodworth Memorial Award — during the opening session of the Association’s Hawaii InfoXchange. The Woodworth Memorial Award is conferred by IIAA upon an …

IIAA Recognizes Presidential Citation Recipients, Young Agents, State Associations and Individual In

Independent Insurance Agents of America (IIAA) President William F. Hofmann III, bestowed special IIAA Presidential Citations awards to several deserving individuals for their outstanding contributions on behalf of the independent agency system on Oct. 27. IIAA’s Hawaii InfoXchange, themed “Grow …

New Coverage Can Ease Emotional, Financial Impact of Crimes Against Family Members

Insurance is now available to help protect Colorado families from financial loss if a loved one is the victim of one of four criminal activities. The Chubb Group of Insurance Companies has unveiled Masterpiece® Family Protection(SM), which helps to cover …