MAPFRE will acquire Safety Insurance in a $1.54 billion all-cash transaction, creating one of New England’s largest personal lines insurance groups.
Massachusetts Insurance News
Timely, insightful, and informational news for the Massachusetts insurance industry.
Regulators Approve Steep Health Insurance Premium Increases
Massachusetts approved average 2027 health insurance premium increases of 10.4%, rejecting Fallon Health’s proposed 25.7% rate hike.
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.
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.
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.
