Lemonade to acquire 100% of Metromile in an all-stock transaction.
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Mass. Appeals Court Rules No Coverage For Prior-Owned Property Under Homeowners Policy
The decision was a case of first impression in Massachusetts.
Risk Strategies Acquires CT’s Pawson Insurance
The acquisition expands its retail insurance broker capabilities in the New England region.
In Memoriam: Michael E. Standing, 1961-2021
Mr. Standing was the President & CEO of A.I.M. Mutual Insurance Companies.
Salem Five Insurance Acquires Elliot Whittier Insurance
This is the third agency acquisition for Salem Five Insurance so far in 2021.
Insurance Agency To Pay $100,000 Fine And $515,000 In Restitution Under Consent Decree
A Florida insurance agency has entered into a consent decree over claims of unlawful practices to sell health plans to Massachusetts consumers.
Construction. Co. Owner Pleads Guilty To $1 Million Tax And Workers’ Compensation Fraud
The fraud scheme avoided more than $1 million in federal taxes and insurance premiums.
Oxford Insurance Acquired by CT’s Smith Brothers
Smith Brothers is a top100 U.S. Broker based in Glastonbury Connecticut.
Hub International Acquires Assets of Tanna Insurance, Inc.
Tanna Insurance is a family-owned and operated independent insurance agency based in Woburn.
Liberty Mutual To Launch Comparion Insurance Agency – A New Insurance Agency For Its 2,200 Exclusive Agent Team
The new agency is expected to be fully operational in 2022.
Massachusetts Economic & Legislative News
Maine Suspends License On Hydro Transmission Project
Official Also Casts Doubt on Alternative Routes
Weekly Roundup – More “Traditional”
Recap and analysis of the past week in state government in Massachusetts.
Home Prices Climb to October Record
Sky-high Prices and Limited Inventory Continue to Hold Back Prospective Buyers
Unemployment Rate Ticks Up Again to 5.3 Percent
The unemployment rate rose again in October
Insurance Coverage Cases
Mass. Appeals Court Rules No Coverage For Prior-Owned Property Under Homeowners Policy
US District Court For District of Massachusetts Holds That Broad Auto Exclusion Broadly Excludes Coverage For Auto Accident
Supreme Court Rules Auto Policies Cover Vehicles’ Post-Repair Losses of Value
Harvard College Sues Zurich to Overturn A Late Notice Denial of A $15 Million Policy Claim
SJC Seeks Amicus Briefs To Decide COVID-19 Business Interruption Coverage Question
Federal Judge’s Ruling Finds “Cheers” Bar at The Hampshire House Has No Coverage
MA Court Dismisses Lender’s Claim Auto Insurer’s Total Loss Calculations Violated DOI Regulation
MA Appeals Court Affirms Dismissal Of Late E&O Claim Alleging Agent Liable For Advising Insured To Only Keep Policies For 7 Years
InsurOp-Eds
InSurOp-Ed: When Policy Forms Don’t Do What You Think They Do
InSurOp-Ed: Fried Chicken and Customer Loyalty
InSurOp-Ed: Am I Legally Liable?
Preparing For The Next Pandemic – The Cyber One That Is
InSurOp-Ed: Beware Online COI Systems!
InSurOp-Ed: Using “Big Data” to Make Unilateral Policy Coverage Changes
InsurOp-Ed: Understanding The Insurance Supply Chain
Surround Insurance – Six Months In – In Massachusetts
Interviews
Musings on the MAIP from the Urban and Urbane Agent, John Gallagher of The John C. Gallagher Insurance Agency.
A Career Championing The Cause Of The Independent Insurance Agents Of The Commonwealth
Leading By Example – An Interview With Antonio Huertas, Chairman and CEO of MAPFRE
Meet The New MAIA President & CEO: Nick Fyntrilakis Discusses The Transition And His Vision For The Association
Networking with NEIGN: A New Agency Network Launches in Massachusetts
Progressing Further With Progressive: A Primer For Mass. Agents
MAPFRE’s Mission: The Company’s U.S. Leaders On The Past, Present, & Future Of Massachusetts’ Largest Insurer
An In-Depth Look At What Safeco Can Offer Mass. Agents With Victor Pepin, Safeco’s Regional General Manager
Insurtech Profiles
Goldman Sachs Asset Management Gives DealerPolicy $110 million Series C Funding
Corvus Welcomes New Investors With $15M Series C Financing Extension
Wunderite Secures $3 Million Seed Funding To Modernize Software for Insurance Agents
Next Insurance Raises Another $250 Million
“Smart Commercial” Insurtech Corvus Raises $100 Million
Hi Marley Nabs Another $25 Million in Series B Funding
Insurer News & Announcements
Liberty Mutual To Launch Comparion Insurance Agency – A New Insurance Agency For Its 2,200 Exclusive Agent Team
The new agency is expected to be fully operational in 2022.
Norfolk & Dedham’s Joel Murray Discusses The Importance of Embracing Change While Remaining True To Your Roots
Mr. Murray, the president and CEO of the Dedham-based insurer since 2017, discusses the insurer’s continued faith in its independent agency partners as it plans for a post-pandemic future.
Sec. of State Fines MassMutual $4.75 Million Over Social Media Persona “Roaring Kitty”
According to the Mass. Securities Division, MassMutual failed to “detect and monitor the social media activity of its broker-dealer agents”.
Zurich Residential Private Flood Insurance Launches In Massachusetts
The new product officially launched on September 21st.
