Massachusetts News

U.S. Pay Czar Weighs ‘Claw Backs’ over Executive Compensation

Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and “binding” authority over executive compensation, including the ability to “claw back” money already paid, and he is weighing how and whether to use that power. Feinberg …

Hacker Indicted in Huge ID Theft: 130 Million Credit Cards

Federal officials announced the indictment of a Miami man in what they say is the largest identity theft ring ever exposed in the U.S. Albert Gonzales, 28, was indicted for conspiring to hack into computer networks supporting major American retail …

How Past Atlantic Hurricane Activity Compares to Recent Numbers

Reconstructions of past hurricane activity in the Atlantic Ocean indicate that the most active hurricane period in the past was during the “Medieval Climate Anomaly” about a thousand years ago when climate conditions created a “perfect storm” of La Niña-like …

Court: Insurer Must Pay Massachusetts for Bonded Thefts

The Massachusetts Appeals Court has ruled an insurance company must pay the government for its remaining losses from a $9.4 million theft from the Treasury in the late 1990s. The theft remains the largest loss of state money in Massachusetts …

Massachusetts Registry Opens First Branch on Turnpike

Massachusetts is opening its first Registry branch on the Turnpike. The change comes amid a consolidation drive that includes closing 11 Registry of Motor Vehicles branches. The one in Southbridge closed Friday. It’s being replaced by a branch in the …

ProMutual Names Zorola as Vice President of Underwriting

ProMutual Group has promoted José R. “Joe” Zorola to vice president of underwriting. Zorola previously served as director of underwriting for the Boston-based medical liability insurer. In this new capacity, Zorola will continue to oversee the department and will assume …

Massachusetts Boat Yard Blaze Causes Millions in Damage

A three-alarm blaze destroyed a vacant Massachusetts boat yard and caused several million dollars in damage, fire officials said Friday. The fire damaged Melanson’s boat marina and bait shop, three boats and several vehicles inside the building, State Fire Marshal …

Husband of Massachusetts Slaying Victim Settles Wrongful Death Suit

A Massachusetts man whose wife was killed by a construction worker at a fast food restaurant has settled a wrongful death lawsuit even as a jury weighed the case. A lawyer for Thomas Miller tells The Telegram & Gazette newspaper …

Progressive’s Olie Named President of Plymouth Rock Assurance

Northeast personal lines insurer Plymouth Rock Assurance Corp. reported that Chris Olie will assume the role of president, a position currently held by Hal Belodoff. Belodoff will become chairman of Plymouth Rock Assurance Corp. and will continue his role as …

Investigators Search for Source of Massachusetts Chemical Leak

Investigators are still trying to determine the source of noxious fumes at a Massachusetts trash disposal facility that sent 119 people to hospitals, including two who were listed in critical condition. Police and fire officials said as many as 10 …