The Liquor Liability Joint Underwriting Association of Massachusetts (LLJUA) said it is lowering its rates for higher-limit coverage by more than 20%, effective immediately. Insureds buying coverage of $2 million per person and $2 million per occurrence ($2 million/$2 million), …
The Interstate Insurance Product Regulation Commission adopted a $1.4 million 2008 budget by a vote of its full membership in a public teleconference yesterday. Following a comprehensive comment period, including a public hearing before its Management Committee last week, the …
Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers should see savings next year. According …
The Hanover Insurance Group, Inc. was one of the first insurers to tout its competitive rates and product filings at today’s deadline for auto insurers looking to compete in Massachusetts under the new managed competition system. In its filings, Hanover …
The auto insurance market in Massachusetts gets a glimpse of greater competition today when carriers disclose their proposed rates, but the big unknown is whether motorists honk for joy or hit the guardrail. The Patrick administration hopes the result is …
The Property Casualty Insurers Association of America (PCI) elected new officers during its annual meeting in Boston recently. Robert Joyce, chairman and chief executive officer of Westfield Group, was elected as the association’s new chair; John Blackburn, CEO of Country …
Insurer likes Hispanic market potential as well as solid performance of Mass. personal lines insurer The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Webster, Mass.-based personal lines …
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. Privacy General Liability Nuts & Bolts: Insurebest.com is offering privacy general liability on an occurrence …
CNA CNA Financial Corp. recently announced a restructuring program of its Property/ Casualty Operations. The Chicago-based insurer said it aims to create a “more streamlined, customer-focused operating structure.” The country’s seventh largest commercial insurance writer said its strategy reflects feedback …
17.75% The voluntary market rate cut in workers’ compensation ordered by Delaware Insurance Commissioner Matt Denn who also ordered a 22 percent cut for the state’s assigned risk pool. He said these are the largest premium cuts since 1994. With …
