Massachusetts News

William Gallagher Acquires RPG Insurance Administrators

Boston-based insurance brokerage William Gallagher Associates has acquired RPG Insurance Administrators Inc. (RPG) of Medfield, Massachusetts for an undisclosed sum. RPG specializes in risk management services to medium- and large-sized health care organizations, including hospitals and physician practices. “WGA has …

Woman Robbed of $27K Insurance Payment

Massachusetts police say they are searching for two men suspected of robbing a woman of $27,000 after she flashed the cash in a Springfield bar. Sgt. John Delaney said on Friday that the 22-year-old woman was robbed Monday night by …

Ratings Roundup: MAPFRE Florida, Selective (stock/debt)

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of MAPFRE Insurance Company of Florida. Best also affirmed the FSR of ‘A-‘ (Excellent) …

Hawie Named Chief Investment Officer at Louisiana Work Comp Corp.

John W. Hawie has been hired by Louisiana Workers’ Compensation Corporation (LWCC) as senior vice president and chief investment officer. He left a position as senior vice president and chief investment officer for Commerce Group in Webster, Mass., to take …

Madoff Investors Add KPMG, MassMutual, Major Banks to Lawsuit

Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG, JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said. The lawyer, who also named …

Massachusetts Court Says Smokers’ Lawsuit Can Go Forward

Cigarette maker Philip Morris USA Inc. might have to pay for chest scans so long-time smokers can get early warning of lung cancer, the highest court in Massachusetts ruled. The Supreme Judicial Court ruled unanimously that under some circumstances, Massachusetts …

It Figures

$2 Million Verdict amount awarded to a Wal-Mart pharmacist who claimed she was fired by the retail chain after asking to be paid the same as her male colleagues. Cynthia Haddad was fired in 2004 after more than 10 years …

Business Moves

Norfolk & Dedham, Rockingham Two East Coast-based mutual insurance companies have formed a mutual alliance that they say allows them to achieve efficiencies, diversification and spread of risk without actually merging their companies. The Norfolk & Dedham Group and the …

Arbella Sponsors License Renewal Notification Program in Massachusetts

One of Massachusetts largest auto insurers is sponsoring a program that allows the state’s registry to notify drivers when their licenses come up for renewal. Arbella Insurance Group, said it has become the charter sponsor of the Massachusetts Registry of …

Florida Rates Its Medical Malpractice Market as Competitive

A new report shows a continuing trend of recovery for the medical malpractice industry in Florida that had been experiencing double-digit rate increases and lack of availability prior to legislative reforms enacted in 2003. The report shows a net decline …