The Top 25 P&C insurer was the victim of a sophisticated ransomware attack on March 21, 2020.
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SIAA Acquired By Private Equity Group Odyssey Partners
As of 2020,13% of all independent insurance agencies throughout the U.S. were signed members of SIAA.
Mass. Court Bars Suit Seeking Plymouth Rock To Pay Title, Registration, And Inspection Fees On Total Losses
A class action complaint against Plymouth Rock sought a ruling on regulatory costs for first-party total loss claims.
Auto Body Shop Owner Sentenced For Tax Fraud
An auto body shop owner was sentenced after having pled guilty to three counts of tax fraud.
Top 25 Workers’ Comp. Insurers | NAIC 2021 Market Share Report
Our annual look at the top insurers in the Workers’ Compensation line of insurance as ranked by market share and premium.
Eastern Insurance Acquires Concord’s Northbridge Insurance Agency
This marks the 33rd agency acquisition since 2002, for the Natick-based insurance agency.
Partners Insurance Group Purchases The Interstate Insurance & Finance Company
Established in 1936, Interstate Insurance and Finance Company is a third-generation, family operated firm operating in both Rhode Island and Southeastern Massachusetts.
Risk Strategies Acquires Specialty Insurance Solutions
The brokerage firm strengthens its national student health practice with its latest strategic acquisition.
Massachusetts Economic & Legislative News
Infection Data Shows Impact of Vaccines on Older Residents
The rate of new hospitalizations for adults 60 and older has plummeted by nearly three-quarters since the start of 2021.
Good New This Week At The Gas Pump: Mass Gas Prices Down 2¢
Each week the AAA provides an update on gas prices throughout the country and the Commonwealth.
MA Municipal Matters: Constitutional Edits | DLS Shakeup | Fill Your Pools, Framingham
Muni Matters reports on key issues and breaking news affecting cities and towns in Massachusetts.
Issues Run Deep in “Tele-Everything” World
A technology researcher recently told Massachusetts senators that some experts expect a move over the next few years into a “tele-everything” world.
Rainy Day Fund Restoration On The Table
As state tax revenues continue to race past expectations, Gov. Charlie Baker expressed interest in replenishing the state’s “rainy day” savings account this year but stopped short of suggesting how […]
State Tax Collections Keep Up Brisk Pace in March
If calculations are correct tax revenue in fiscal year 2021 will surpass $30 billion.
Insurance Coverage Cases
Mass. Court Bars Suit Seeking Plymouth Rock To Pay Title, Registration, And Inspection Fees On Total Losses
Mass. Appeals Court Reverses $4 Million Defense Verdict Over Judge Advising Jury About Insurance
Tips to Help Insureds Avoid Auto Repair Shop Fraud: Part 2
Failure To Return Auto-Renewal Questionnaire Results In Coverage Denial In Lamborghini Collision Lawsuit Due To Insurer’s “Snowbird Clause”
Interviews
Joe Leahy’s Journey From Mass. Agent To Big “I” Chairman
A.A. Dority: Boston’s Oldest Surety Agency Still Has A Strong Family Bond
Meet The Insurance Library Association of Boston’s New Executive Director Glenn Cryan
Tashmoo Insurance: An Island Insurance Perspective
MassDrive: A Traditional Agency Using Technology to Drive Its Success
Life After CAR: Retiring President Ralph Iannaco Talks About His Tenure at CAR and What Comes Next
Shop Talk With S Bank’s Senior Vice President, Kevin Joyce
From Commissioner To Coverys: Incoming CEO Joseph Murphy On His New Role, New Challenges, And Optimism For the Future
Insurtech Profiles
Next Insurance Raises Another $250 Million
“Smart Commercial” Insurtech Corvus Raises $100 Million
Hi Marley Nabs Another $25 Million in Series B Funding
Openly Secures $40M in Series B Funding Round to Accelerate Rapid Growth
Hi Marley Closes Series A1 Round With $8 Million
Lemonade Launches Its IPO
InsurOp-Eds
Surround Insurance – Six Months In – In Massachusetts
InsurOp-Ed: Time to Make Government Action Exclusions More Equitable?
How Agents Can Ensure Home Improvement Projects Are Reflected Properly Within Their Clients’ Homeowners Policies
InsurOp-Ed: What Does “Direct Physical Loss Of Or Damage To Property” Mean?
Bouncing Back: Working to Recover and Rebuild Following COVID-19
InsurOp-Ed: Certificates of Insurance: What Limits to Show?
InsurOp-Ed: Biden Tax Plan’s Impact on Insurance Agencies
Insur OpEd: Four Ways To Improve Your Agency’s Digital Image In No Time At All
Insurer News & Announcements
Two Weeks Later CNA Insurance Now Back Online
The Top 25 P&C insurer was the victim of a sophisticated ransomware attack on March 21, 2020.
Chubb Issues Statement in Response to The Hartford
In an interesting twist, Chubb issued a follow-up statement to the The Hartford’s statement rejecting the insurer’s unsolicited proposal to acquire the Connecticut-based insurer.
Farmers Enters The Massachusetts Marketplace With Direct-to-Consumer Insurance Policies
Farmers Insurance is currently the ninth largest P&C Insurer in the U.S.
UPDATE: The Hartford Rejects Chubb’s $65 Per Share Tender Offer
A potential merger could result in the creation of the fifth-largest P&C Insurer in the U.S.
