The Insurance Library has announced that Executive Director Michael Pezza will retire at the end of December after more than four years leading the 139-year-old Boston institution.
massachusetts insurance
Insurance Rates in 2027: Property Falls as Auto Liability Rises
Willis’s 2027 insurance market forecast points to continued reductions in commercial property rates while auto liability and excess casualty rates rise. The report also identifies improving high-value homeowners insurance conditions in Massachusetts.
Safety Insurance Shareholders to Vote Nov. 3 on MAPFRE’s $1.54 Billion Acquisition
Safety Insurance Group shareholders will vote Nov. 3 on MAPFRE’s $1.54 billion acquisition. Federal antitrust review has cleared, while Massachusetts Form A approval remains a key regulatory condition to closing.
Update: After Seven Years, the Division of Insurance Dropped Its Case to Revoke John Rapo’s License
The Massachusetts Division of Insurance has withdrawn its long-running enforcement action against former insurance producer John Rapo, ending the case without penalties, findings, or license revocation.
Cowbell Report: Cyber Claims Up But Ransom Payments Fall
Cowbell’s latest cyber claims report says U.S. cyber insurance losses are rising even as premium volume declines and ransomware tactics evolve.
