A law that took effect in 2010 required insurers’ to make coverage available for heating oil spills, provided that the homeowner meets prescribed guidelines around the upkeep of the tank. But lawmakers say next to no homeowners know insurance is available for costs that can easily run into the hundreds of thousands of dollars.
New York-based Community Bank System Inc. has acquired Wakefield-based Thomas Gregory Associates Insurance Brokers Inc., the bank’s first acquisition of a Massachusetts insurance company.
Many – if not most – homeowners aren’t prepared for a flood, tornado or other natural disaster. And neither, apparently, are their insurance companies.
MassMutual’s investment arm, Barings, is closing its office in Springfield’s Tower Square, and will be replaced by an insurance company.
At its Silicon Valley headquarters, network gear maker Cisco Systems Inc. is going to unusual lengths to take control of the relentless increase in its U.S. health care costs.
East Boston Savings Bank is moving into insurance.
Thursday marked the launch of a major restructuring at MassHealth that will affect the care delivery of 1.2 million people insured by the state Medicaid program, a move intended to improve overall health while containing costs.
General Electric is taking a $6.2 billion after-tax charge in the fourth quarter tied to its review and reserve testing of GE Capital’s runoff insurance portfolio. GE Capital will also suspend its dividend to GE for the foreseeable future.
Massachusetts drivers and homeowners risk losing out on millions of dollars’ worth of insurance coverage discounts if lawmakers end their two-decade tradition of regularly suspending a unique statutory requirement, according to an insurance trade group.
The California Department of Insurance is seeking to suspend or revoke Wells Fargo & Co.’s licenses for alleged improper insurance sales practices related to the company’s online insurance referral program.
The Legislature finalized a bill Tuesday that guarantees women access to birth control without insurance co-payments, sending to Republican Gov. Charlie Baker a measure intended as a response to President Donald Trump’s actions.
Attorney General Maura Healey has sent a letter to doctors who provide addiction treatment services through the state’s Medicaid program, MassHealth, warning them against unlawfully charging people struggling with opioid addiction and vowed to take immediate and aggressive action against those who try to illegally profit off of vulnerable patients in Massachusetts.
Preliminary loss estimates for Hurricane Irma is estimated to be between $42.5 billion and $65 billion (excluding uninsured commercial losses), according to a report released today from CoreLogic, a global property information company.
The National Flood Insurance Plan is drowning in debt that it may not be able to repay. Inaccurate flood maps, climate change and premiums that don’t accurate reflect risk levels are just a few of the barriers to solvency.
Hurricanes Harvey and Irma are vivid reminders of the implications of the growing threat of severe weather events and the impact of climate change.
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
Workers at lower-wage companies are less likely to be enrolled in health insurance through their employer than their peers at other businesses, and those who do often have higher premiums and deductibles, according to a new state report.
Policyholders for the Savings Bank Life Insurance Co. of Massachusetts voted overwhelmingly in favor of the company’s plan to return to a mutually-owned company from the shareholder-owned status it has held since 1992.
Bay State health insurers are largely supportive of the new Baker administration proposal to assess employers and reform MassHealth to cover rising Medicaid costs, but threw up the caution flag recently on one proposal to encourage greater participation in tiered-network plans.
Aetna announced Wednesday that it is in negotiations to move its headquarters out of Connecticut’s capital, where it has been based for almost two centuries.
