Mass. closes in on long-awaited transition to auto assigned risk plan Massachusetts Insurance Commissioner Julianne M. Bowler has ordered the implementation of an assigned risk plan for the state’s private passenger auto insurance market. The assigned risk plan will replace …
At various points in history — the Great Dust Bowl of the 1930s, urban riots of the 1960s, and terrorism today — watershed events or trends ushered in structural changes within the U.S. insurance industry. While entirely different in their …
Tort reform impact “It’s difficult to say whether tort reform measures have impacted this slow down in tort costs growth. We have yet to see what, if any, impact the class action reform legislation that was passed in February 2005 …
National Atlantic, Commerce Group National Atlantic Holdings Corp. confirmed that preliminary discussions with The Commerce Group Inc. of Webster, Mass., regarding a potential business combination or other strategic transaction have been terminated by mutual agreement of the parties. National Atlantic …
A family devastated by the Mother’s Day flood that inundated their home along the Mousam River in Kennebunk, Maine, says errors in federal maps prompted them to forgo the purchase of flood insurance, a decision that came back to haunt …
Members of the National Association of Insurance Commissioners elected 2007 officers during the group’s winter meeting in San Antonio. Alabama Insurance Commissioner Walter Bell was named president, Kansas Insurance Commissioner Sandy Praeger was chosen as president-elect, New Hampshire Insurance Commissioner …
Allstate Insurance Co., continuing its reappraisal of its hurricane loss exposure along the East Coast, has decided to stop writing new property insurance policies in all areas of Connecticut, New Jersey and Delaware. The stoppage applies to the writing of …
From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was at stake due …
The clues were everywhere. A young woman lay dead in a burned cabin at a church camp in East Stroudsburg, Pa., while her father survived. Most of the lessons taught to budding fire investigators stood out at the scene. The …
News Currents Insurers aren’t happy and agents are worried about new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy. They warn that the rules could worsen the problem …
