Six thousand five hundred dollars in fines levied against three non-resident producer licenses for failure to report administrative actions on their licenses.
Insurance Law | Massachusetts
Point Insurance Loses Appeal Of Arbella’s Contract Cancellation At Market Review Committee
Fraud cancellation by Arbella of Point Insurance upheld by Market Review Committee after 2.5 hour hearing.
In A First, Mass. SJC Decides Whether Primary Policy with “Use Of Other Vehicles—Other Insurance” Clause Provides Excess Coverage Only
SJC ruling result in a primary insurer paying 9% and excess insurer paying 91% of every dollar paid over $1 million on large loss.
MassMutual Safety Fund Litigation Approved With Class Settlement of $37.5 Million
Class action settlement gets lawyers $9 million plus and average policyholder $22.02.
Mass. DOI Revokes Producer’s Licenses Rejecting Criminal Conspiracy Claim
A producer who claims regulators are in a criminal conspiracy to revoke her producer licenses has lost her license in Massachusetts.
