The Main Street America Group’s NGM Insurance Co. (NGM) is making its new Personal Auto MVP and MVP Auto Elite products available to Massachusetts consumers under the new managed competition system that starts April 1, 2008. Additionally, NGM said it …
ASPN (Agency Specialty Product Network) announced it is expanding its regional territories from seven to 11 in the U.S. In addition to the five curent ASPN regional vice presidents, ASPN has added five new regional vice presidents to further increase …
Massachusetts officials will conduct a public hearing on April 3 to consider an industry request for an average 2.3 percent increase in workers’ compensation rates. The Workers Compensation Rating and Inspection Bureau of Massachusetts, which represents insurers, submitted its filing …
A computer hacker stole thousands of credit card numbers after breaching security at two U.S. grocery store chains owned by Belgium-based Delhaize Group SA , the companies said Monday. Nearly 2,000 cases of fraud have been linked to the breach, …
State regulators have suspended the medical license of an obstetrician who has reportedly been sued for malpractice at least a dozen times since 1993. The Board of Registration in Medicine suspended Dr. Suzanne Rothchild’s license after reviewing nine complaints against …
Florida ranks the worst in terms of tort costs and litigation risks, while North Dakota ranks the best. In a separate ranking, Colorado has the best tort laws on its books, while Rhode Island has the worst. The free-market think …
The new managed care auto insurance system that is underway in Massachusetts should benefit most consumers as well as the state’s local insurers in the short run, according to a new report by Fitch Ratings. However, in the long run, …
Workers’ compensation costs per claim in Massachusetts were typical among 14 study states, but grew rapidly in four out of five study years, including a nearly 10 percent increase in 2005 claims evaluated in 2006. The study by Cambridge, Mass.-based …
The fast-spreading U.S. mortgage crisis prompted lawmakers Wednesday to explore problems with municipal bonds, painting a bleak outlook for bond insurers that one official said imposes a “secret Wall Street tax” on state and local taxpayers. Connecticut Attorney General Richard …
A Danvers, Mass. chemical plant that exploded in November 2006 was storing at least twice the combustible substances it was permitted to keep, according to a report released this week. The facility was licensed by the town to store 12,000 …
