Massachusetts News

It Figures

1,636 The number of commercial vehicles the Texas Department of Public Safety (DPS) troopers removed from service during Roadcheck 2009, which ran from June 2 through June 4. DPS troopers inspected 7,316 commercial vehicles, a 25.6 percent increase from Roadcheck …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Fire & Water Restoration Contractors Market Detail: USAssure Insurance Services Inc. offers a fire and …

2009 Outstanding CSR State Award Winners Named

The National Alliance for Insurance Education & Research has named the state award winners who will compete for the national Outstanding Customer Service Representative of the Year for 2009. Each year, a group of exceptional insurance professionals are chosen by …

Mass. Managed Auto System Brings Competition, Lower Rates, Survey Says

Nine new auto insurers, more carriers for each independent agency to represent, a drop in the number of uninsured drivers, and a decrease in policies written in the residual market — these are some of the advantages under the one-year …

Declarations

Hankerin’ for a Fight “Hank Greenberg was mad. He was angry.” —Theodore Wells, lawyer for AIG, addressing jurors in the civil trial against ex-AIG head Maurice “Hank” Greenberg. Greenberg stands accused of plundering $4.3 billion in stock from the company …

New Rhode Island Law Saves Residents Money When Storms Loom

A new law could save homeowners money when a hurricane off the Atlantic coast churns up weather strong enough to damage homes in Rhode Island but never reaches the state. Legislation signed last month by Gov. Don Carcieri prevents insurance …

People

DeCotis Insurance Associates Inc. has named Devin B. Haughey chief operations manager. Haughey will oversee the general management and operations of DeCotis, an independent excess, surplus and specialty lines firm with offices in Providence, Rhode Island and Braintree, Massachusetts. Prior …

London American Risk Specialists Offers Haz Mat Haulers Coverage

Houston, Texas-based London American Risk Specialists Inc. is offering a new market for hazardous waste transporters/haulers for hire or transporting own product between commercial locations (no residential delivery). Typical loads include chemicals, petroleum products, hazardous waste solvents, contaminated soil or …

Study Forecasts Deaths, Injuries After GM, Chrysler Bankruptcies

More than 3,400 Americans will be injured or killed by a defective Chrysler or General Motors vehicle during the first year of the car makers’ bankruptcies, according to a report by a consumer safety advocacy group. The report predicts that …

TJX Reaches Settlement with States on Data Theft

The parent company of retailers T.J. Maxx and Marshall’s will pay $9.75 million in a settlement with multiple states related to a massive data theft that exposed tens of millions of payment card numbers. Framingham, Mass.-based TJX Cos. said Tuesday …