Safety Insurance has begun refunding a total $7.2 million to roughly 21,000 of its Massachusetts policyholders who were overcharged for motorcycle insurance, according to the state’s attorney general. The refunds are part of a settlement with several motorcycle insurers reached …
Pricing Worries Persist “There are clear concerns surrounding pricing in this soft P/C insurance market. And, there appear to be indications that this market will persist over the nearer-term.” —Scott Marcello, of KPMG, which recently released a survey showing that …
A trade group for agents in several Northeast states are urging Massachusetts regulators to shelf new paperwork requirements for out-of-state businesses’ workers’ comp coverage. Massachusetts Division of Insurance (DIA) recently announced new rules requiring out-of-state businesses to submit additional paperwork …
$500,000 Amount sought by a Maryland couple over a bedbug infestation in their apartment. Orville and Rebecca Brown say they were forced to move out of their apartment and throw away most of their possessions, including all of their 3-year-old …
Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news items in the state’s 2010 …
Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join Marsh as managing directors, and Jim Beatty and …
Fiesta Auto Insurance Combines Insurance and Tax Preparation Services Under One Roof Modeling an insurance agency business after a sandwich shop might sound like a strange idea, but that’s what John Rost, founder, president and CEO of Fiesta Auto Insurance, …
Massachusetts-based Eastern Insurance Group has appointed Matthew Shadrick as executive vice president of it employee benefits division, Eastern Benefits Group. The 20-year industry veteran most recently served as national sales director for the Aon Consulting Human Capital Practice where he …
Undoubtedly bills will be filed to strengthen Mississippi’s texting-while-driving ban during the 2011 legislative session, and questions about enforcement are sure to be raised. A law enacted in 2009 banned beginning teenage drivers from sending text messages from behind the …
Insurer XL Insurance has partnered with Massachusetts-based Breed’s Hill Insurance Agency, a managing general underwriter, to offer general liability and property coverage for multi-unit apartment buildings, condos and mixed-use real estate risks primarily in the New England. Breed’s Hill will …
