Massachusetts News

Commentary: 8 Lessons from E-Commerce

Although every business should be taking full advantage of e-commerce opportunities, not all businesses are e-commerce companies. Yet even those that don’t currently fit an e-commerce model can take advantage of Internet strategies. Over the long-term, it may be just …

Tragic Concorde Crash Could Wrack Up Losses for European Insurers

Insurers could pay out more than $320 million as a result of the July 25 Air France Concorde crash that killed 113 people, according to the Guardian, a U.K. newspaper. The supersonic jet went down just after taking off from …

W.R. Berkley Management Announces Promotions at Acadia, Union Standard

W.R. Berkley Corp. has appointed William C. Thornton president of Acadia Insurance Company. Thornton was president of Union Standard Insurance Company, another Berkley company, since 1990 and has thirty years’ experience in the insurance business. Thornton will be succeeded at …

WCRI Study: Medical Costs Lower in Mass. Workers’ Comp System

The costs of medical care for injured workers in Massachusetts are significantly lower than the other states reviewed in a study by the Workers Compensation Research Institute. The study of eight states, representing 40 percent of the nation’s workers compensation …

Workers’ Comp Benefit Costs Vary Widely Across Texas

Workers’ compensation benefits and claim costs in Texas differ by nearly 50 percent within the state, even when adjusted for regional differences in industry composition and wages, according to a recent study by the Workers Compensation Research Institute (WCRI). The …

Safeco Taps 20-Year Veteran to Lead Business in Eastern United States

Peter Dunn has been named senior vice president of SAFECO Insurance Company, responsible for property and casualty insurance operations in the Atlantic Zone. A 20-year industry veteran, Dunn will lead SAFECO’s businesses in a broad section of the country that …

Hub Acquires Boston Insurance Agency

The Hub Group Limited has completed the acquisition of C.J. McCarthy Insurance Agency Inc. of Boston, Mass. The annual commission revenue of C.J. McCarthy Insurance Agency Inc. is $12 million. The Hub Group Limited is an international insurance brokerage that …

Texas Holds Its Own in Insurance Rates

A closer inspection of NAIC auto premium data reveals something much different than what the consumer media reported When the National Association of Insurance Commissioners released its 2000 report, State Average Expenditures & Premiums for Personal Automotive Insurance in 1998, …

Wokers Comp Claim Costs Higher in Texas

Workers’ compensation payments for medical care and indemnity (wage-replacement) benefits in Texas are higher than most states analyzed in a new study by the Workers’ Compensation Research Institute. The study of eight states, representing 40 percent of the nation’s workers’ …

U.S. Attorney Cracks $1.3 Million Auto Body Repair Scam

A Worcester, Mass. man was charged Wednesday with operating an auto body shop that routinely inflicted damage on cars brought in for repair and defrauded insurance companies by submitting false claims for the extra damage. John S. Troiano, 48, was …