A cleaning company owner’s scheme to misclassify workers to cheat a workers’ compensation insurer out of its premiums has landed him in jail for six months.
Commerce Avoids $2.5 Million Interest Liability With Decision Benefiting Liability Insurers
The Massachusetts Supreme Judicial Court decision limits the scope of an insured’s assignment of rights against their carrier, The Commerce Insurance Company.
The Hilb Group Up For Sale For A Reported $1 Billion-Plus
With the country’s 27th largest insurance broker up for sale, it further proves how insurance agencies are prime targets for equity firm roll-ups.
An Insured Recovers $219,000 From A Mass. Insurance Agency For Failure To Notify After An Uncovered Fire Loss In Charlestown
A jury awarded a former insured $219,000 for an uncovered fire loss in her Charlestown condo, for the failure of her insurance agency to notify her that they had in fact removed her from coverage.
Producer With Revoked Insurance License Charged In Fraudulent Annuity Sale
A producer who lost his license in 2016, for fraud and forgery now charged with selling a nonexistent annuity to a trusting client of his financial planning business.
