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.
Insurance Law | Massachusetts
Insurance Producer Charged As An Unlicensed Investment Adviser Over Fixed Indexed Annuity Sales
Licensed insurance producers may sell annuities in Massachusetts, including indexed annuities without having security designations, albeit with caveats.
New Rule Raises Minimum Salary For Overtime to $35,568 As Of January 1, 2020
The Labor Department believes the new rule will give 1.3 million workers the right to overtime.
Former Arlington Agency Owner Indicted For Fraudulently obtaining Veteran and Social Security Benefits
A federal grand jury in Boston indicted the agency owner on December 12, 2019, charging he fraudulently obtained $420 thousand in veteran and social security benefits.
Mass. Highest Court Rules Consent-To-Settle Clause Does Not Violate Public Policy Of The Unfair Claim Statute
On Monday, December 16, 2019, the Supreme Judicial Court decided the question of whether the consent-to-settle clauses commonly found in professional liability policies violated the unfair claim practice provision of M.G.L. c. 176D, § 3 (9) (f).
