The National Defense Authorization Act for Fiscal Year 2021 includes a provision for the GAO to study the U.S. cyber insurance market.
Revere Contractor Sentenced for Workers’ Compensation And Wage Tax Fraud
A federal judge has sentenced the owner of a Revere construction equipment company, to three years of probation and over $500,000 in restitution for employment tax and workers compensation fraud.
Worcester Investment Adviser Charged With Stealing $2.9 Million From His Clients
A former investment adviser representative has entered into a plea agreement for misappropriating $2.9 million from his investment advisory clients between 2010 and 2019.
Daughter Denied $142,000 Loss Under Dad’s Gloucester Homeowner’s Policy Because Not A “Household Member” Per Policy Terms
The Massachusetts Appeals Court denied coverage for a $142,000 personal property claim arising out of a 2015 fire loss where the named insured’s daughter lived on the insured property, but did not qualify as an insured because she was not a household member.
UPC Insurance Notifies Its 200 MA Agencies – No New Business After May 31st
The announcement was issued in a bulletin to agents on May 24, 2021.
