AmTrust, an acquirer of the Tower Group, is restating financials and changing reserves harking back to the Tower Group’s problems.
The Calianos Insurance Agency continued its ongoing disputes with CAR by appealing to the Division of Insurance CAR’s amendment to its premium reporting rule.
In a March 2017 decision, the MA Appeals Court rules motor vehicle property damage total loss payment does not include sales tax absent proof claimant replaced vehicle and paid sales tax.
March 6, 2017 – A look at how five major Mass.-based insurers fared in 2016 based on their official financial results.
Over 20 contractors around the country paid $2.2 million in ‘premiums’ for bid, payment, and performance bonds that did not exist. One of the agents involved escaped indictment but lost his insurance licenses and was fined by the DOI $3,500.