Massachusetts News

Mass. DOI Takes Over Troubled Framingham Lumber Insurer

A Framingham, Mass. company writing property and casualty insurance for the lumber industry was put into state receivership Wednesday after reporting large losses for the past few years. A note on the company’s website addressed to “clients, staff and friends …

William Hofmann Inaugurated as New IIAA President

William B. Hofmann, III, of Belmont, Mass., was inaugurated as president of the Independent Insurance Agents of America (IIAA) at the association’s Convention & InfoXchange in Orlando, Fla. Hofmann, a partner at Provider Insurance Group Inc., with offices in Belmont, …

IIAA Honors 2000 National Awards Program

Top honors in the Independent Insurance Agents of America’s 2000 National Awards Program were presented today to the Independent Insurance Agents of New Mexico, the Independent Insurance Agents of Oklahoma, and the Michigan Association of Independent Agents during the National …

As Incoming IIAA President, Hofmann Ready to Promote One Voice For Agents

“My goal is not to start any new initiative, but to bring a bunch of the things that we’ve got out there to conclusion and to fruition and up-and-running.” —Bill Hofmann” After spending the past year hammering away at a …

As Incoming IIAA President, Hofmann is Ready to Promote One Voice For Agents

After spending the past year hammering away at a series of initiatives to get agents closer to the cutting edge of technology, IIAA Outgoing President Bill Houston is getting ready to hand off the presidential gavel to Bill Hofmann III, …

Commerce Insurance Affirmed

The “BBBpi” FSR on Massachusetts-based Commerce Insurance Co. was affirmed by Standard & Poor’s (S&P). The rating action takes into account the combined financial strength of The Commerce Insurance Co., Commerce West Insurance Co., Citation Insurance Co. and American Commerce …

New Northeast Alliance Changes New England Insurance Education

A collaboration between The National Alliance for Insurance Education and Research and the Massachusetts Association of Insurance Agents has resulted in a new insurance education partnership in New England called The Northeast Alliance. The two organizations will work together in …

ACCCT to Release BEEP Version 2.0

The American Cooperative Council on Compensation Technology (ACCCT), comprised of workers’ compensation insurance data gathering and rate advisory organizations, announced that an updated, enhanced version of its Bureau Entry and Edit Package (BEEP) will be available to all interested, licensed …

Massachusetts Men Charged with Insurance Fraud

Albert F. Melchione, 71, of Rockland, Mass., and his grandson, Richard J. Melchione, Jr., 30, of Hull, Mass., have been indicted by a federal grand jury on conspiracy and mail fraud charges in connection with a scheme to defraud numerous …

Berkshire Bank Offers Insurance Products

Pittsfield, Mass.-based Berkshire is now providing a full line of insurance solutions available through the Gold Leaf Insurance Agency, a wholly owned subsidiary of Berkshire Bank. Gold Leaf provides insurance for auto, home, business, life and long-term care coverage available …