A husband and wife where cited more than $58,000 in restitution and fines for failing to pay the prevailing wage, misclassifying workers as independent contractors and record keeping violations Attorney General Martha Coakley’s office announced today. The couple, Alexander and Tatiana Shlepakov of Sharon, are the owners of the Providence, Rhode Island-based Padi USA, Inc. […]
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DOI Upholds Denial of Individual Producer’s License to Applicant, Paul Burke
On January 31st of this year, Mr. Burke submitted a Uniform Application for an Individual Producer License/Registration with the Division of Insurance. On March 25, 2011, Diane Silverman Black, the DOI’s Director of Producer Licensing sent a letter to Mr. Black denying his application because of his seven prior felony convictions. Those convictions included: carjacking […]
Why We Still Get a D- on the 2011 Property Casualty Insurance Report Card
The Heartland Institute published the results of its fourth annual study into the nation’s property casualty regulatory environment. This year Massachusetts again continued to grace the Top 10 Worst States on the classical liberal organization’s list but, unlike past years in which the organization gave the Commonwealth a failing grade, this year we skimmed by […]
Fouché To Succeed LaRocco at Fireman’s Fund
Fireman’s Fund has a new CEO. Lori Dickerson Fouché will succeed outgoing President, Michael LaRocco, who has decided to leave to pursue other professional opportunities. Ms. Fouché joined Fireman’s Fund in February 2006 and was the President of Commercial Insurance until this new appointment. Prior to that she was Fireman’s Fund’s Chief Operating Officer for […]
The Hanover Completes Chaucer Acquisition
On July 1st The Hanover completed its acquisition of the U.K.-based Chaucer Holdings PLC, a leading specialist Lloyd’s insurance group. Total consideration paid for the transaction amounted to approximately $474 million. “The combination of our companies represents an important milestone in our journey to build a world class property and casualty organization and to significantly […]