Massachusetts, as opposed to many states, allows insurance companies to pursue subrogation in the name of the insured rather than in the name of the insurance company. This case is one such example.
Acton Agent Sentenced To 8.5 Years For Stealing $3.8 Million From Clients
An Acton financial adviser and insurance agent has been sentenced to federal prison for stealing over twenty years, $3.8 million from brokerage accounts, insurance policies, and annuities he controlled or managed for clients.
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.
Failure To Return Auto-Renewal Questionnaire Results In Coverage Denial In Lamborghini Collision Lawsuit Due To Insurer’s “Snowbird Clause”
A First Circuit Court of Appeals found that the failure to return a renewal questionnaire with updated information resulted in two Massachusetts insureds losing their optional collision and liability coverage and umbrella coverage in a Naples, Florida collision involving their Toyota Highlander and a $100,000 Lamborghini.
Division Expects Mass. Auto Carriers To Submit New Rates By June 30
The new rates are expected to be based on auto carriers’ 2020 pandemic loss experience.
