Massachusetts News

6 N.Y. City may be liable for 9/11 workers

Court panel casts doubt on immunity claim 6 N.H. judge questions medical malpractice screening panels They may cost time and money 8 Mass. finalizes managed competition auto insurance regulation But the road to competition has limits N1 Off-year election 2007 …

The road to managed competition in Mass. auto insurance

The plan calls for a one-year transition from April 1, 2008, through March 31, 2009. It also: Prohibits rating on the basis of sex, marital status, race, creed, national origin, religion, occupation, income, education, homeownership, credit information or age, except …

People

Fulwider was inaugurated as the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”), with C. Brett Nilsson, and J. David Daniel assuming the offices of chair-elect and vice chair, respectively. Fulwider is principal and …

My New Markets

Contractors Pollution Liability Nuts & Bolts: Sloan Mason is now providing contractor’s pollution liability (CPL) for oilfield diving and sub-sea contractors of all types. For full underwriting review and the best quote, the company requires a CPL supplemental application and …

Off-year election 2007 could provide glimpse into 2008

This fall is an off-year election season with only a handful of federal races and most state houses gearing up for contests in 2008. However there are some races — a hotly-debated referendum in Washington and key elections in Mississippi, …

ACE Insurance Pays $4.5 Million to Settle Multi-state Bid-rigging Claims

ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to state officials. The monies will be divided among eight states and the District of Columbia. Florida’s Chief Financial Officer Alex Sink said …

Banks Allege TJX Under-reported Number Affected by Data Thefts

A group of banks alleged in a court filing ithat 94 million accounts were affected by the theft of personal data from Massachusetts-based TJX Cos. — more than double the number the company previously reported in what already is the …

Mass. Caps Hikes in Auto Insurance at 10%; Smaller Insurers Eye 2.5% Cut

The first moves toward competitive rating for auto insurance in Massachusetts indicate that rates for drivers insured by insurers with small market share could drop an average 2.5 percent, while rates for drivers in the state’s high risk pool could …

OneBeacon Enters Indiana Small Business Market

Canton, Mass.-based One Beacon Insurance Group announced Tuesday that it will begin offering property-casualty products to small-business owners in Indiana through independent agent partners. OneBeacon’s local small-business operation will be led by Territorial Manager Mary Conley, based in Indianapolis. Mike …

Mass. Insurance Chief Urges Agents to Seize Opportunity in Auto Deregulation

Exclusive Video: Commissioner Interview Mass. Commissioner Burnes: Effect of Managed Competition on Mass. Agents Some Massachusetts insurance agents are anxious about the state’s move to a deregulated auto insurance system but Insurance Commissioner Nonnie Burnes thinks they will fare just …