MAPFRE will acquire Safety Insurance in a $1.54 billion all-cash transaction, creating one of New England’s largest personal lines insurance groups.
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Latest News
Chubb Q2 Net Profit Down 3.8% as Combined Ratio Improves
Chubb reported strong Q2 2026 earnings while reducing underpriced property business and warning casualty pricing is failing to keep pace with rising loss costs.
The Hanover Names CEO-Elect as Jack Roche Plans Retirement at End of 2026
The Hanover named COO Richard Lavey CEO-elect as President and CEO Jack Roche announced plans to retire at the end of 2026.
The Hartford Reports Strong Q2 Results as Business Insurance Drives Growth, Personal Lines Profitability Improves
The Hartford’s strong Q2-2026 earnings were driven by growth in Business Insurance and improved Personal Insurance underwriting.
Health Insurance Woes Reaching ‘Inflection Point,’ Commissioner Says
Massachusetts Insurance Commissioner Michael Caljouw says rising premiums and worsening risk pools have pushed health insurance to an “inflection point.”
Agency Owners Get Prison For Stealing $962,000 In Premiums
Former BL Insurance Brokerage owners Brendan and Lisa Lawler were sentenced to federal prison in a $962,000 premium diversion scheme.
Quincy Mutual Announces New CEO
Former Hiscox USA CFO Gerald F. Cox becomes Quincy Mutual’s president and CEO as Thomas A. Harris steps down after 35 years.
Former Massachusetts Insurance Agent Indicted on Attempted Murder Charge
A former Massachusetts insurance agent was indicted on attempted murder and related charges after previously pleading guilty to insurance fraud.
Insurance Coverage Cases
Appeals Court Redefines “Contractual Relationship” Under Public Bond Statute
Mass. Appeals Court rules third-party beneficiary rights create a “contractual relationship,” avoiding Section 29’s 65-day bond notice requirement.
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.
Latest Agency Sales
MAPFRE-Safety Merger Creates New Force in Massachusetts P&C Insurance
King Risk Partners Expands Massachusetts Presence with Acquisition of Perry Insurance Agency
SIAA-affiliated Sequel Insurance Agencies Acquires Five Independent Agencies
World Welcomes Worcester’s Wolpert Insurance
Insurance Fraud
Grand Jury Indicts In $585K Workers’ Comp Fraud Scheme
Roof Kings owner Craig Galligan and his company were indicted on workers’ compensation fraud charges alleging nearly $585,000 in unpaid insurance premiums
Contractor Indicted For Comp Fraud On Sub Misreps
A Milford contractor was indicted on workers’ comp. insurance fraud charges on allegations that roofing work was misclassified to reduce insurance premiums.
Ratings & Results
Chubb Q2 Net Profit Down 3.8% as Combined Ratio Improves
The Hartford Reports Strong Q2 Results as Business Insurance Drives Growth, Personal Lines Profitability Improves
AM Best Revises Safety Insurance Outlook to Negative, Affirms Ratings
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
New England Newswire
New Hampshire Insurance Department Says All Department-Requested Bills Became Law in 2026
Vermont Mutual To Reorganize As Mutual Holding Company
Lemonade Launches Renters Insurance in Vermont With Rates Starting at $5 Per Month
New Hampshire Insurance Department Monitoring NAIC Security Incident
Economic & Legislative News in Massachusetts
Senate Agrees to Limited Use of Cameras to Enforce Speed Limits
The Massachusetts Senate approved amendments authorizing speed cameras in school and construction zones while advancing new truck safety proposals.
Health Insurance Woes Reaching ‘Inflection Point,’ Commissioner Says
Massachusetts Insurance Commissioner Michael Caljouw says rising premiums and worsening risk pools have pushed health insurance to an “inflection point.”
Poll: Voters Want Guardrails on Large AI Companies
A new MassINC poll found strong voter support for Massachusetts AI safety regulations as the Senate considers legislation governing frontier AI developers.
Healey Touts the ‘Vibe,’ Wants Later Bar Hours to Stick Around
Governor Maura Healey wants Massachusetts to continue later bar hours beyond the summer pilot, citing economic benefits from the World Cup and other major events.
World Cup Lifts Economy, but Lower-Income Households Stressed
The Federal Reserve’s Beige Book says the World Cup boosted tourism and consumer spending across New England, while lower-income households continued to face economic pressures.
Unemployment Ticks Down Amidst June Job Gains
Massachusetts’ unemployment rate fell to 4.4% in June as employers added 8,400 jobs, led by gains in health care, construction and professional services.
Company Newswire
The Winners Of The MAIW’s Essex/Middlesex Chapter 2026 Estelle Jeter Scholarship
This is the 88th year of operation for the Massachusetts Association of Insurance Women.
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.
