January 27, 2008
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. Three Year Policies — EPLI Nuts & Bolts: International Excess is offering online quotes at …
January 27, 2008
There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics. For those who serve as their state’s ultimate authority on what factors insurers can use to raise or lower rates, political calculations …
January 27, 2008
Stock Prices: Commercial lines insurers’ stocks have been relatively flat in 2007. Chubb Corp. (NYSE:CB) posted the largest gain at 5 percent. M&A Activity: The fourth quarter started with a bang as two large publicly traded companies were acquired by …
January 25, 2008
New Hampshire is debating making it illegal for drivers to send text messages on cell phones or type on laptop computers. You still could talk on a cell phone while driving. Assistant Safety Commissioner Earl Sweeney told a House committee …
January 25, 2008
The Massachusetts House has approved a bill banning drivers from talking or texting on cell phones while behind the wheel, despite opposition from a lawmaker from a city where authorities say a man sending a message struck and killed a …
January 25, 2008
Prosecutors reached a $458 million settlement with contractors over tunnel defects that caused a fatal 2006 accident but a small contractor that isn’t involved in the agreement says it unfairly spares the most responsible party from criminal charges. Under the …
January 25, 2008
Massachusetts’ top securities regulator on Wednesday said he issued subpoenas to a pair of municipal bond insurers, seeking information on how much the firms disclosed to cities and towns about their exposure to mortgage-related investments that have recently plunged in …
January 24, 2008
The House of Representatives passed H.R. 3959, sponsored by Financial Services Committee Chairman, Barney Frank (D-Mass.), and Rep. Scott Garrett (R-N.J.), legislation that would gradually phase-out some of the subsidies in the National Flood Insurance Program (NFIP). The bill would …
January 24, 2008
Days after announcing a three-part strategy to fix the ailing New York bond insurance market, the state’s top regulator said any plan to deal with the issues facing insurers would take time. “These are complicated issues involving a number of …
January 24, 2008
Massachusetts Insurance Commissioner Nonnie S. Burnes today unveiled AgentFinder, a Division of Insurance Web site designed to make it easier for Massachusetts consumers to find insurance agents and insurance products in the state. AgentFinder connects consumers to insurance professionals based …