The First Circuit Court of Appeals has affirmed $6.5 million of the $8.4 million unfair claim practice judgment that Capitol Specialty Insurance Corporation had appealed from the United States District Court sitting in Worcester, Massachusetts.
MA Law | Insurance Coverage Cases
The Supreme Judicial Court (SJC) of Massachusetts has decided what it called a “close” case, Green Mountain Insurance Company v. Wakelin.
A class action suit seeking overtime pay for unlicensed employees a bank hired who were to sell insurance and investment products after they obtained on their own time the necessary insurance and security licenses recently failed in Federal Court in Boston.
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.
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.