Massachusetts News

Insurance for Family Protection Now Available

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

Commerce Group to Take Over Mass. Personal Auto Business from Berkshire Mutual

The Commerce Group Inc. announced that it had entered into an agreement with Berkshire Mutual Insurance Co. to transfer Berkshire’s Massachusetts personal automobile business to its Mass. subsidiary, Commerce Insurance (CI), effective January 1, 2002. Under terms of the agreement, …

Houton Joins IIAA Government Affairs Operation

Robert K. Houton is the newest member of the Independent Insurance Agents of America’s government affairs operation, having joined the staff as a lobbyist and grassroots specialist. As IIAA’s new Washington representative and grassroots coordinator, Houton will lobby members of …

Study Finds Conn. Workers Comp Very Efficient

A study by the Workers Compensation Research Institute (WCRI) has singled out the State of Connecticut’s handling of benefits to injured workers as particularly efficient in comparison with other state programs. The findings revealed that Conn.’s. $927 average cost of …

TEXAS LEADS IN WC COSTS

Texas had the highest average total cost per workers’ compensation claim ($14,465) of eight states reviewed in an independent study released by the Workers’ Compensation Research Institute (WCRI), “CompScope Benchmarks: Multistate Comparisons, 1994-1999.” In the eight states reviewed by the …

Officials Begin to Assess the Damage as Smoke Clears, Casualties Mount

Now that the initial damage has been done, city officials have begun the grim task of removing bodies from both towers of the World Trade Center and the Pentagon. While there have been a few stories of survivors being pulled …

Insurance Auto Auctions Opens Conn. Site

Insurance Auto Auctions, Inc., a leading provider of automotive salvage and claims processing services, announced the opening of a new “greenfield facility” in East Windsor, Conn., serving Hartford and other areas. The new “Hartford” facility will strengthen IAA’s geographic coverage …

Courts Continue to Reject Diminished Value Concept in Class Actions

In spite of an ongoing influx of litigation, U.S. courts continue to reject class-action lawsuits involving diminished value, a concept referring to the difference between the value of a vehicle before and after it was involved in an accident. “Courts …

MetLife Auto Wins $3 Million Fraud Judgment

A Massachusetts court awarded MetLife Auto & Home $2,989,270 in damages for fraud against the owners and operators of numerous auto body repair shops, several former policyholders and one of its former appraisers. The ruling represents a victory in the …

Mass. Rejects Eastern Bid To Raise Workers Comp Rates

Eastern Casualty Insurance Co.’s bid for an individual 11.6 percent increase in Mass. workers compensation rates has been rejected by the State’s Insurance Commissioner Linda Ruthard on the grounds that the evidence presented by the company was ” insufficient in …