Massachusetts News

The DeWolfe Companies Announces Acquisition of Insurance Portfolio from Aon

The DeWolfe Companies Inc., the largest provider of residential homeownership services in New England, announced an agreement to acquire a portfolio of more than 9,000 personal insurance accounts from Aon Private Risk Management Insurance Agency, Inc. The acquisition will be …

ASP Industry Consortium Unveils Insurance Program for ASP’s

The Wakefield, Mass.-based ASP Industry Consortium announced the availability of a new insurance program designed specifically for application service providers (ASPs). The program, developed in conjunction with InsureHiTech, an insurance brokerage for New Economy companies, provides comprehensive protection against the …

Dallas Janitorial Company Guilty of Workers’ Comp Fraud

AM-KO Inc., a janitorial company providing services for the City of Dallas, entered a plea of “no contest” to a third degree felony for defrauding the Texas Workers’ Compensation Insurance Fund (Texas Fund) in one of the state’s biggest cases …

Fireman’s Fund Liberalizes Scheduled Valuable Possessions as Convenience to Vacationing Shoppers

Fireman’s Fund Insurance Company announced it has liberalized its Scheduled Valuable Possessions coverage to afford affluent clients greater convenience and extra protection without extra cost when insuring valuables, such as jewelry, fine art, collectibles, silver and the like. According to …

Study Reports Continuing Rise in Calif. Workers’ Comp Claims Costs

A new study by the Workers Compensation Research Institute (WCRI) indicates California workers’ comp claim costs increased at a double-digit rate, growing by 11 percent between 1997 and 1998 (as of 1999 experience). The study points out that both medical …

Allenbrook Expands Management Team

Allenbrook Inc. of Lowell, Mass. announced the appointment of four new members to its senior management team. The company, which provides automation and consulting services to the property/casualty insurance industry, recently merged with VIC Corp. and several former VIC managers …

RI Chiropractor Loses License For Insurance Fraud

Rhode Island’s Medical Disciplinary Board has revoked Chiropractor Andrew J. Lombardi’s license to practice in the State following an indictment in Massachusetts alleging that that he had submitted 39 fraudulent claims to insurance companies for medical services he never performed. …

NAII Points to Rate Regulation, Repair Costs as Major Factors in Average Auto Premium Results

According to the National Association of Independent Insurers (NAII), a state’s rating law plays a significant role in what people pay for auto insurance, Consumers in states with more regulation pay higher premiums generally than those in states where competition …

Mass. Committee Favors Audit Privilege Bill Supported by AIA

The Joint Insurance Committee of the Massachusetts Legislature has given a favorable report on a self-audit privilege measure supported by the American Insurance Association. The bill, which would not be retroactive, would protect documents and related materials, employed by insurance …

CLASS ACTION FILED OVER CAP PLAN

The law firm of Dwyer & Collora LLP announced that on June 8, Federal Judge Robert E. Keeton of the U.S. District Court of Massachusetts certified state classes for four states, including Massachusetts and Connecticut, in a suit filed against …