Update on Appeals Court decision on auto insurers offsetting excessive storage charges against insured’s total loss payment becomes final.
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4-year Jail Sentence For Business Owner Burning A Building With Intent To Defraud An Insurer
The defendant committed arson in order to obtain an insurance fraud payout.
4th Look 2022: The Massachusetts Commercial Auto Insurance Marketplace
Our bi-monthly look at the state of the commercial auto insurance marketplace in Massachusetts as of May 2022.
Mary Boyd To Receive The 2022 Insurance Professional of the Year Award
Ms. Boyd is Plymouth Rock’s President & CEO
Two Governing Committee Seats Freed Up For Independent Agents At CAR
Law Change Frees Up Two Governing Committee Seats For Producers
Top 10 Insurers Boiler & Machinery | 2022 New England Market Share Report
FM Global is the top insurer om every New England state.
Hub Expands Stop Loss Services With Mass-based Stop Loss Insurance Brokers
Stop Loss Insurance Brokers is an independent broker based in Boston.
Agency President Sentenced for Embezzling $300,000 In Insurance Premiums
A Massachusetts insurance agent pleaded guilty to stealing insurance premium totaling $295,278 from five small businesses.
Producer’s Non-Compete Void Under New 2018 Law
Recent Business Litigation Session Decision Regarding Insurance Agency’s Attempt to Enforce A Covenant Not To Compete.
Openly Opens Openly Insurance Company
New Insurance Carrier is Based in South Carolina
Insurance Coverage Cases
New Rule Would Make Insurers Pay Insured For Preventing An Insured Loss
Confused Voicemail Leads to E&O and Coverage Suits
5 Points On New Ruling: Unreasonable Storage Reduces ACV Payment
First State High-Court COVID-19 Decision On Business Interruption Claims
Vermont Mutual Asks High Court to Reverse Decision $215,000 Attorney Fee Award Payable As Damages under Bodily Injury Coverage
Court Rules Zurich’s Auto Policy Provides Victim No Coverage for Rape by Tow Company Driver
MA Appeals Court Reverses $7 Million Telephone Consumer Protection Act Judgment Against Peerless Insurance’s Subsidiaries
Appeals Court Decision May Require Utica To Pay Insured’s Legal Fees of $750,000
Economic & Legislative News in Massachusetts
Treasury Restarts Borrowing After UI Aid Stalls Out
Bond Sale Originally Planned For Week of July 18
Some Dems Have Harsh Words for Tax Relief Law
Changing Voter Law Shaping Up As Uphill Battle
State Tax Collections Soared More Than 20 Percent In FY 2022
Tax Collections Up Nearly 40% Over Last Two Years
Baker Sees 1986 Law Triggering $2.5 Billion In Rebates
Tax Relief Bombshell Catches Beacon Hill Off Guard
Cap Gains Haul Driving Up Rainy Day Fund Balance
There was about $4.63 billion in the state’s stabilization fund at the end of fiscal year 2021.
Restaurant Group Sour On Happy Hour
Warns Lawmakers That Liability Insurance Costs Could Spike
New England Newswire
New Hampshire Insurance Department Fraud Unit Refers Record Number of Fraud Cases in 2022
22 Cases of Insurance Fraud Represent Nearly $283,000 in Fraudulent Claims
Alera Group Expands Into Vermont with Acquisition of Noyle Johnson Group
The agency serves both Central Vermont and the Northeast Kingdom.
Maine Agency Loses Three Carrier Appointments Over Juneteenth Statement on Storefront
Progressive, Allstate, and MMG Insurance announced that they were terminating their contracts with the agency.
Vermont Captive Insurance Legislation is Signed into Law
New legislation makes clear the acceptable use of parametric contracts as risk management tool
InsurOp-Eds
InSurOp-Ed: In Claim Disputes, Disregard Case Law At Your Own Risk
What is the Best Insurance Sales Channel, Direct or Agent-Assisted?
InSurOp-Ed: The CGL Policy and Faulty Workmanship
InSurOp-Ed: An Agent Call To Action: Underinsurance
InSurOp-Ed: Another Cautionary Tale of Underinsurance
InSurOp-Ed: Insurance Dog Bite Claim Data Doesn’t Pass the Critical Thinking Test
InsurOp-Ed: Why Independent Agency Owners Should Take A Closer Look at Non-Owner Auto Insurance
InSurOp-Ed: When Policy Forms Don’t Do What You Think They Do
Interviews
The Portrait of An Insurance Lady
Finding Opportunity In Unexpected Places: The Interesting Insurance Career of A.I.M. Mutual’s John Myers
How WinRater Came To Be: A Chat With Boston Software’s Charlie Walsh
All In The Family: An Interview With Royce Cross, President & CEO of Cross Insurance
Insurance Agency Crowdsources Public Input on Healthcare Reform For President & Congress
Progressing Further With Progressive: A Primer For Mass. Agents
A Career Championing The Cause Of The Independent Insurance Agents Of The Commonwealth
Networking with NEIGN: A New Agency Network Launches in Massachusetts
Ratings & Results
Progressive Announces Quarterly Common Share Dividend, Share Repurchase Authorization, and April 2022 Results
Progressive is one of the only insurers to issue its results on a monthly basis.
AM Best Affirms Credit Ratings of Safety Insurance Group, Inc. and Key Subsidiaries
Safety has a Financial Strength Rating of A (Excellent)
IVANS Index April 2022 Results Released
Majority of commercial lines of business experience increase compared to March 2022 and remain up year over year.
AM Best Affirms Credit Ratings of Privilege Underwriters Reciprocal Exchange; Downgrades Credit Ratings of PURE Insurance Company
AM Best is the oldest rating agency in the world.
AM Best Withdraws Credit Ratings of MAPFRE Insurance Company of Florida
MAPFRE Florida is wholly-owned subsidiary of MAPFRE U.S.A. Corp.
