Massachusetts News

Declarations

AIG-Gravated Protesters “We’ve had people call (executive) homes to threaten and intimidate, protesters outside homes and offices… (and) we’ve had several valued executives resign over the past few weeks. All of this hurts our efforts to unwind the business and …

Declarations

Federal Aid “We need a more disciplined, structured plan for providing federal assistance following any major natural disaster.” β€”U.S. Sen. Bill Nelson, D.-Fla, in asking the U.S. Treasury to provide assurances to private market lenders that any loans they make …

Massachusetts Woman Gets $6.4M in Drunken Driving Civil Suit

A Haverhill, Massachusetts woman severely injured when a drunken driver struck her vehicle has been awarded $6.4 million in a lawsuit, but her lawyer said she is unlikely to see much of the money. An attorney for Stephanie Baril says …

Progressive Offers RV, Motorcyle Coverage in Massachusetts

Progressive said it will begin offering motorcycle and RV insurance in Massachusetts. The Mayfield Village, Ohio-based insurer said it will offer the coverage through its Web site as well as through independent insurance agents. The addition of these coverage come …

Massachusetts AG, Insurer Reach Settlement on Policy Plans

Massachusetts Attorney General Martha Coakley and a North Carolina insurance company have reached a settlement barring the company from using what Coakley described as unfair ratings practices. Occidental Fire and Casualty Insurance Co. has filed a rating plan to begin …

Massachusetts Enters Second Year of Car Insurance Experiment

For decades, Massachusetts had some of the nation’s highest automobile insurance premiums and was the last state to have rates determined by the government, not the open market. That changed one year ago this week, as Gov. Deval Patrick and …

Hall Named CFO at Arbella

Chris Hall has been appointed chief financial officer at Quincy, Massachusetts-based Arbella Insurance Group. Prior to this promotion, Hall played a leadership role in developing a more sophisticated expense management system and long-term planning procedures at Arbella. Hall joined the …

New Hampshire Man Faces Fraud Charge for Keeping Premiums

Court records show that a business owner in Hudson, New Hampshire faces a federal wire fraud charge alleging that he stole roughly $100,000 from a client. Scott Drohan, owner of Juskel Services, was released on personal recognizance earlier this week …

Democrats’ Bills Would Create U.S. Financial Product Safety Commission

Democrats in the U.S. House of Representatives Wednesday introduced legislation that would create a financial products watchdog to crack down on unsafe lending practices. Bill Delahunt of Massachusetts and Brad Miller of North Carolina introduced the bill to create a …

McSally Promoted to Senior VP at OneBeacon

Canton, Massachusetts-based insurer OneBeacon Insurance Group Ltd has appointed Mike McSally as senior vice president of personal lines. McSally joined OneBeacon in 1997 and has served in a variety of senior leadership positions, most recently as senior vice president of …