An 11-person commission studying crumbling foundations in Massachusetts recommends setting up a captive insurer to deal with the estimated $350 million in costs for affected homeowners.
Insurance Law | Massachusetts
The DOI Special Investigations Unit was involved in a total of 29 special investigations during 2019.
Massachusetts’ highest court, SJC, has interpreted the standard Massachusetts fire policy to allow an innocent coinsured to recover their pro rata share of a loss intentionally caused by a coinsured.
Licensed insurance producers may sell annuities in Massachusetts, including indexed annuities without having security designations, albeit with caveats.
The Labor Department believes the new rule will give 1.3 million workers the right to overtime.