Massachusetts News

Mass. workers’ comp rates going down 16.9%

Workers’ compensation insurers and the state regulator have agreed upon a 16.9 percent average decrease in workers’ compensation rates in Massachusetts starting Sept. 1, 2007. The industry’s Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB) had submitted a bid …

10 2007 Atlantic hurricane season to be busy one

Will forecasters’ warnings prove accurate this year? 10 N.H. on risks with no Social Security Numbers Carriers can’t refuse to quote- so what do they do? 10 Newport’s mansions develop hurricane plan Fireman’s Fund helps protect R.I.’s coastal treasures 12 …

Climate Change: Directors’ and officers’ risk ahead?

For years, environmental issues, including issues arising from global warming, have hovered on the periphery of concerns affecting directors’ and officers’ liability exposure. But an April 2, 2007, decision by the U.S. Supreme Court, together with a confluence of other …

People

Emeryville, Calif.-based Commodore Insurance Services Inc. appointed Mark Cravens president. Cravens was recently with Wellington Underwriting, which was acquired by Catlin, where he led development of catastrophe modeling and risk assessment practices and resources, and also advanced underwriting support and …

Personal Lines Leaders

Agency Name 2006 Personal Personal Total 2006 Main Office Main Office Web site Lines Lines P/C Premiums City State Premium Revenue Written 1 Keystone Insurers Group $316.0 million $39.5 million $790.0 million Northumberland Pennsylvania www.keystoneinsgrp.com 2 The Leavitt Group $300.0 …

OneBeacon Offers Small Business Owners Coverage in Minn.

OneBeacon Insurance Group today announced that it will begin offering property-casualty solutions to small-business owners in Minnesota through independent agent partners. OneBeacon’s local small-business operation will be led by Territorial Manager James Spindler, based in Minneapolis. Mike Keane, head of …

Mass. workers’ comp rates going down 16.9%

Workers’ compensation insurers and the state regulator have agreed upon a 16.9 percent average decrease in workers’ compensation rates in Massachusetts starting Sept. 1, 2007. The industry’s Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB) had submitted a bid …

Congressional Democrats to Try to Overturn Court’s Pay-Bias Ruling

Congressional Democrats said this week they would try to reverse a Supreme Court decision that limits the time that workers have to sue their employers for pay discrimination. “All Americans deserve equal pay for equal work, and it is my …

National Cat Fund Gains Congressional Support … But Is It Enough?

Unlike Florida’s Capitol in Tallahassee, where lawmakers have taken a number of actions to address the state’s insurance crisis with arguable results, solutions at the federal level have been hard to come by. Not long after Hurricane Andrew smashed through …

Mass. Health Plan May Be Inadquate for Young Adults, Study Says

Massachusetts’ new low-cost health insurance coverage for young adults doesn’t work for the seriously ill, a long-standing problem with a similar program for college students, according to a new study. The plans, designed for people age 19 to 26, are …