In a Summary Decision issued yesterday, the Massachusetts Division of Insurance Hearing Officer revoked all insurance producer licenses issued to James Timothy Shelnut in Massachusetts. The Division of Insurance also fined Mr. Shelnut $3,000 and prohibited him from directly or indirectly transacting or acquiring any insurance business in the Commonwealth of Massachusetts and that he […]
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Occidental, GEICO and Bankers Standard Insurance Co. Now Eligible for MAIP Assignments
At the April 20, 2011 CAR Governing Committee Meeting, CAR President Ralph Iannaco announced that three new carriers are now eligible for assignments through the MAIP, the Massachusetts Automobile Insurance Plan. Occidental Fire and Casualty, Geico and Bankers Standard Insurance Company are now eligible for assigned risk assignments through the MAIP. Both Occidental and Geico […]
Auburn Subcontractor Sentenced for Forging Insurance Certificates
The Massachusetts Attorney General’s office just announced that the owner of an Auburn siding company pled guilty and was sentenced in connection with forging insurance certificates to falsely claim that he had valid workers’ compensation insurance coverage in connection with a construction project. Joseph D. Willis, age 50, of Auburn, pled guilty in Worcester Superior […]
Sumner Gilman To Return to CAR Governing Committee
Sumner Gilman, President of Economy Insurance Agency, was tapped yesterday to become the newest member of Commonwealth Automobile Reinsurers Governing Committee. Commonwealth Automobile Reinsurers is the industry operated residual market and statistical agent for motor vehicle insurance in the Commonwealth. The Governing Committee is the body “…responsible for the administration of CAR, including the preparation […]
Waltham Man Indicted on Fraudulent Unemployment and Insurance Claims Totalling $40,000
The Attorney General’s office announced on Friday that John Toyias, age 45, of Waltham, MA was charged with 55 counts of Unemployment Fraud, two counts of Motor Vehicle Insurance Fraud, two counts of Larceny over $250 and Attempted Larceny. Attorney General Coakley said that, “Insurance and unemployment fraud are serious crimes that lead to a […]
