New York Acting Superintendent of Insurance Howard Mills and Sen. James Seward (R-Oneonta), chairman of the Senate Insurance Committee, told the Independent Insurance Agents & Brokers of New York Inc. that they would not seek “stringent” regulation governing how agents’ …
The fund that pays New York injured workers whose workers’ compensation carriers have gone belly up is itself nearly bankrupt, according to state officials. The New York Workers Compensation Security Fund has about $1 million left, with another $4.5 million …
A federal judge has sided with the state of Maine in an industry challenge to the constitutionality of a state law that requires pharmacy benefit managers to disclose side payments from drug companies and other financial information. U.S. Magistrate Judge …
New Hampshire drivers are benefiting from increased competition among auto insurers. Seven of the 11 auto insurance companies that have filed rate change requests with the state so far this year have asked for decreases, compared to five of 25 …
Coastal property owners in Rhode Island are facing rising insurance costs. Insurance experts say some insurers are attaching more conditions to their coverages while others have stopped offering coverage to coastal homeowners. Some waterfront homeowners have been asked to get …
Gov. M. Jodi Rell and Connecticut’s U.S. senators are pressing MetLife for information about how its proposed acquisition of Travelers Life & Annuity will affect its work force in Connecticut. Rell wrote to MetLife chief executive Robert Benmosche, asking to …
Connecticut Attorney General Richard Blumenthal has proposed the election of the state’s insurance commissioner and mandatory rules of disclosure for insurance brokers and agents. Under Blumenthal’s legislation, the elected commissioner would replace one who is now appointed by the governor. …
Gov. M. Jodi Rell has revealed a variety of proposals designed to help keep medical malpractice insurance affordable. Rell’s proposal calls for prior approval of rate hikes of more than 10 percent and stricter reporting requirements on hospitals to help …
The Massachusetts Division of Insurance is questioning data submitted by American International Group to support workers’ compensation rate recommendations in the state. Just two weeks before the Massachusetts Workers Compensation Rating Bureau’s deadline for submitting a filing, state officials have …
Opponents of a new Massachusetts auto insurance residual market plan won a court stay just as some of the new rules were set to go into effect. In granting the injunction, Superior Court Judge Raymond J. Brassard found that plaintiffs …
