Massachusetts News

Editor’s Note: Driver’s seat

The last time — January 1977 — Massachusetts tried to introduce competitive rating into private passenger auto insurance, a Democrat, Michael Dukakis, was governor. The experiment lasted about seven months before being abandoned due to political pressures when rates rose, …

Business Moves

Willis, InsuranceNoodle Willis Group Holdings Limited, the global insurance broker, has acquired Chicago-based InsuranceNoodle, an Internet distributor of U.S. small business insurance. Terms of the transaction were not disclosed. InsuranceNoodle offers Willis a proprietary Web-based technology platform for online application …

My New Markets

Vacation Income Property Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a trust, …

FedEx Says Arab-Americans Alleging Bias Not Protected by Mass. Law

Four Arab-American men claim in a lawsuit filed in Massachusetts against FedEx Corp. that their supervisors subjected them to religious and ethnic slurs, called them terrorists and gave them less lucrative delivery routes. “They all came to this country because …

Report: N.C. among states with worst traffic, S.C. among best roads

Nearly 52 percent of U.S. urban Interstates are now congested and traffic fatality rates rose slightly, but road surface conditions and bridge conditions improved, according to the Reason Foundation’s latest annual highway performance report. “Gridlock isn’t going away,” said David …

Industry supports terror bill but not all agree with NBCR mandate

At a congressional hearing in Washington, D.C. last month, insurance industry group representatives generally spoke in favor of a bill that would extend the federal backstop for terrorism insurance coverage for another 10 years. The Bush administration opposed this extension …

Driver’s seat

The last time — January 1977 — Massachusetts tried to introduce competitive rating into private passenger auto insurance, a Democrat, Michael Dukakis, was governor. The experiment lasted about seven months before being abandoned due to political pressures when rates rose, …

Smaller Mass. agencies could be hurt by surprise move to competitive rating for auto

Massachusetts insurance agents aren’t happy about the decision to introduce competitive rating into the state’s price-regulated private passenger auto insurance system. They enjoy the best market share in the country under the current system and don’t want to see that …

Mass. Governor: Auto Plan Balances Market, State Control

Mass. Gov. Deval Patrick said a new plan to increase competition in the regulated Massachusetts auto insurance market strikes a fine balance between the free market and government control. “It neither affirms the status quo nor jumps headlong or without …

Mass. Turnpike Chairman Closes Public Discussion of Big Dig Leaks

The Massachusetts Turnpike Authority, in its first meeting with a board chairman who pledged openness and transparency, closed its public session Tuesday before a promised discussion of leaks in Big Dig tunnels. “I don’t want to go into details here …