Barely six months into Massachusetts’ new deregulated auto insurance system – one that supposedly favors consumers who shop around for the best rates – fewer than one in four drivers have actually done so, according to a survey sponsored the …
A Lawrence, Massachusetts man wanted for allegedly helping stage a car crash that resulted in the death of a great-grandmother and led to a statewide crackdown of auto insurance fraud has been arrested in New Jersey. Lawrence Police Chief John …
Chattanooga, Tenn.-based Unum, in an effort to serve its Spanish-speaking customers, created customized employee education and enrollment materials, added bilingual call centers and is providing on-claim support. Unum says its contact centers have seen a dramatic increase in calls to …
The head of a U.S. congressional finance panel said Monday he would seek to regulate the fast-growing $55 trillion credit default swaps market, which has been blamed for exacerbating the financial meltdown. Rep. Barney Frank, a Massachusetts Democrat, said regulation …
The Massachusetts insurance commissioner, addressing a concern of some insurers, is considering eliminating the unique right under which Bay State drivers have been able to appeal auto premium surcharges they consider unfair for accidents caused by bad weather, road problems …
Democratic Sen. John Kerry’s Republican challenger in Massachusetts called on him to sell any stock he has in insurance giant American International Group and donate all campaign contributions from officials at the company to taxpayers. Republican Jeff Beatty said the …
With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months. Further-reaching regulation is almost certain. Previously obscure corners of the industry now subject to few rules, such as …
In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a young man who …
Liberty Mutual, Safeco Boston-based Liberty Mutual Group finalized its acquisition of Seattle, Washington-based Safeco Corp. on Sept. 22 after entering the agreement in April. While improving its scale and geographic reach, the transaction strengthens Liberty’s standing to fifth largest property …
In March 2008 a construction crane collapsed into a neighborhood bar and nearby apartments in New York City, killing seven people. In Bellevue, Wash., in June 2006, a large crane fell into an apartment building killing a young man who …
