Roof replacement costs rose 33% in 2025, as wind and hail drive higher severity despite lower claims volume, according to Verisk.
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Latest News
Big “I” Launches New TrustedChoice.com Agency Locator For Member Agencies
The Big “I” launches a new TrustedChoice.com locator, connecting online insurance shoppers with independent agents at no additional cost.
Latest CIAB Survey Says Soft Market Conditions Reigned in Q1-2026
Commercial P&C premiums declined 1.2% in Q1 2026, the first drop across all account sizes since 2017, signaling a softening market.
DOI Revokes Producer’s License And Fines Him $2,000 For Failing To Report New Hampshire Discipline
Massachusetts revokes producer license over failure to report NH action and false renewal answer, highlighting strict disclosure requirements.
AI Risks Are Emerging Across Existing Insurance Policies, Willis Says
Willis report warns AI is driving losses under existing policies, creating “silent AI” exposure across E&O, cyber, EPLI, and liability lines.
MAIA’s First Women’s Summit Draws 160 Insurance Professionals to Sold-Out Event
The Massachusetts Association of Insurance Agents hosted 160 insurance professionals at its inaugural Women’s Summit, a sold-out event focused on leadership development, networking and advancing women in the insurance industry.
Springfield’s Honor Capital and Ascend Announce Agreement to Merge
Springfield-based Honor Capital and Ascend have entered into a merger agreement that will create a platform combining premium financing, payments, accounting automation and insurance financial workflows.
Update: After Seven Years, the Division of Insurance Dropped Its Case to Revoke John Rapo’s License
The Massachusetts Division of Insurance has withdrawn its long-running enforcement action against former insurance producer John Rapo, ending the case without penalties, findings, or license revocation.
Insurance Coverage Cases
Court Rules: ‘Regardless of Whether’ In Exclusion Creates Ambiguity
A Massachusetts Federal court finds insurer must defend Vineyard hangar operator after $1.45M propeller damage claim.
When Limited Market Access Meets Surplus Lines: An E&O Problem
Massachusetts producers face E&O risk when surplus lines placements lack documented diligent effort. A breakdown of BR-7, §168, and defensible file practices.
Insurance Fraud
Guilty Plea in $6 Million Payroll Concealment Scheme
The owner of a Lowell temporary staffing agency pleaded guilty in federal court to concealing more than $6 million in payroll and obtaining workers’ compensation coverage using false payroll records.
Texas Agency Agrees To Pay $5 Million In Restitution and Costs
A Texas-based health agency barred from Massachusetts and will pay $5M over three years for misleading consumers on health insurance coverage .
Ratings & Results
Best’s Special Report: Personal Auto and Homeowners Markets’ Stabilization Evident Despite a Decline in Approved Rate Changes
AM Best Downgrades Arrow Mutual Liability Insurance Company Ratings
Liberty Mutual Posts $2 Billion Quarter as It Shifts from Defense to Growth
$14.3M Q1 Loss For Safety: Back-To-Back Storms’ 1600 Claims Cost $42.7M
Record Q1 Results: The Hanover’s Combined Ratio Improves to 91.7%
Vermont Mutual Annual Meeting Shows Strong Results
Economic & Legislative News in Massachusetts
Opioid deaths fall below 1,000 for first year since 2013
Massachusetts reports 978 opioid overdose deaths in 2025, a 27% drop, as prevention, treatment, and harm reduction efforts expand statewide.
Healey: Data centers must be self-powered, environmentally friendly
Gov. Healey outlines data center policy focusing on energy independence, environmental impact, and AI-driven infrastructure growth in Massachusetts.
House, Senate Now United on Need for Stronger Data Privacy Protections
Massachusetts House passes sweeping data privacy bill requiring consent for sensitive data use and expanding enforcement powers.
Massachusetts Jobless Rate Held at 4.7% in April
Massachusetts added 8,500 jobs in April while the unemployment rate remained at 4.7%, above the national rate, according to state officials.
App-Based Drivers’ Union Dives into Regulatory Thicket
Massachusetts’ newly certified app-based drivers’ union is urging regulators to delay proposed Uber and Lyft rules until contract negotiations begin.
Health Insurers Again Propose Double-Digit Premium Increases
Massachusetts health insurers are seeking an average 12.9% premium increase for 2027, raising affordability concerns for consumers and employers.
Company Newswire
Arbella Insurance Foundation Raises Over $214,000 for Hunger Relief Programs Across New England
Arbella Insurance Foundation raises $214K for hunger relief, supporting 120 food programs across New England amid rising food insecurity.
MassMutual turns 175, Marking Generations of Delivering on its Commitments
MassMutual marks its 175th anniversary, highlighting policyholder focus, $1T in coverage, and a legacy of dividends and community support.
FM and Disney Relaunch ‘Disney Wild About Safety,’ Presented by FM
FM and Disney relaunch the Wild About Safety program, expanding global safety education through updated content and enhanced storytelling.
Patriot Growth Insurance Services Refreshes Brand Identity
Patriot Growth Insurance Services debuts a new brand identity, highlighting its national platform, agency connections, and continued expansion.
