Massachusetts News

Hub Acquires C.J. McCarthy Agency

The Hub Group Ltd., based in Toronto, has signed a letter of intent to acquire C.J. McCarthy Insurance Agency of Boston, Mass. The agency was founded by the McCarthy family in 1867 and has annual commission revenue of roughly $12 …

Massachusetts Agent Sentenced for Fraud

A Massachusetts insurance agent was sentenced to three years probation and a fine of $40,000 Wednesday for his role in a in a plan to reduce workers’ comp insurance premiums for a rubbish collection company owned by a favored customer. …

Mass. Contemplates Endorsement Guaranteeing OEM Parts

A regulation proposed by Massachusetts insurers would allow customers to buy an endorsement that guarantees the use of original equipment manufacturer parts in insured repairs to their vehicles. A hearing on the proposal will be held at 10 a.m. EST …