The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …
A Speedy Slow-Down “Clearly the statistics are going in the right direction. I realize it’s just one year, but it’s pretty dramatic.” —Massachusetts Transportation Secretary Bernard Cohen, commenting on the year anniversary of the Commonwealth’s Junior Operator License Law. Since …
$40 Million Increased amount in assessments levied on New York insurers as part of the Empire State’s 2008 budget, a 20 percent increase in the fees. The assessments come on top of a mandatory 2 percent premium tax that insurers …
Workers’ compensation costs per claim in North Carolina grew 6-14 percent annually throughout the study period, according to the Workers Compensation Research Institute. The Cambridge, Mass.-based WCRI study of 14 states found that double-digit growth in medical costs per claim …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit ratings of “a-” to Indemnity Insurance of DC Group (IIDC) and its members, all with stable outlooks. These ratings also apply to Indemnity Insurance Corporation …
Massachusetts officials will hear tesimony on May 1 on the proposed acquisition of the state’s largest auto insurance writer, Commerce Insurance, and its sister company, Citation Insurance, by the giant Spanish insurer Mapfre. Completion of the merger, proposed last October, …
The Patrick Administration announced an agreement in the 2008 workers’ compensation rate setting proceeding that will save Massachusetts businesses $11 million. The new rates average to a 1.0 percent reduction per employer and mark the ninth time rates have decreased …
The Massachusetts Division of Insurance, one of three lead state regulators in a multi-state examination of the Unum Group’s handling of disability claims, said the country’s leading writer of disability insurance has completed a mandated claims reassessment process and returned …
At least 23 people in 14 states, including North Dakota, have been sickened by the same strain of salmonella found in two breakfast cereals recalled by Malt-O-Meal, the federal Food and Drug Administration said Saturday. Officials in Minnesota are investigating …
Travelers Insurance is consolidating some of its personal lines business center activities across the country, a plan that will mean fewer jobs in Massachusetts and New Jersey but more in upstate New York. Travelers Personal Lines is consolidating some “non-customer …
