Professional Services

A new survey commissioned by the Massachusetts Mutual Life Insurance Company found a lack of succession planning among businesses with less than half of those surveyed having a buy-sell agreement in place.

Health insurance base rates are poised to spike for about 300,000 people in Massachusetts.

A growing Chicago-based insurance brokerage has acquired a Holliston-based agency, the brokerage announced Monday.

It's not the permanent waiver he requested, but Gov. Charlie Baker announced Thursday that two health insurance markets will not be merged for at least a year, a development that the administration says will prevent "price shock" among employers with between 51 and 100 employees.

A proposed 2016 ballot law would allow adults 21 and older in Massachusetts to legally possess up to one ounce of marijuana and authorize marijuana retail outlets, and cultivation and testing facilities, according to sponsors of the proposal.

Worcester-based Hanover Insurance Group on Wednesday reported second-quarter earnings of $1.56 per share, beating analysts' estimates by 17 cents. A survey conducted by Zacks had predicted earnings of $1.39.

A health insurers' group believes Massachusetts can save tens of millions of dollars a year if poorer senior citizens who would otherwise wind up in nursing homes were enrolled in a senior care plan rather than remain in a Medicare or Medicaid program.

The Baker administration will reduce the assessment employers pay to the state on workers' compensation insurance policies by one half of one percent, offering companies some tax relief.

Health insurers say new payments they face in connection with the Affordable Care Act could drive up premiums on individuals and small businesses and punish companies that are focusing on more efficient health care operations.

Massachusetts' new sick time law went into effect today, opening up access to paid sick time leave to over a million people as state officials allow businesses to become acclimated to the voter-approved legislation.