Also, advises against assigned risk pool change at this time and against erasing subsidies or allowing credit scoring A special auto insurance study group appointed by Massachusetts Gov. Deval Patrick has recommended modest changes to introduce limited pricing competition to …
Agents generally support legislation, but insurers caution changes could result in additional costs U.S. Reps. Judy Biggert, R-Ill., and Barney Frank, D-Mass., introduced bipartisan legislation to revamp the National Flood Insurance Program that boosts the program’s borrowing authority to $21.5 …
BOP, Beauty, Nail Salons Nuts & Bolts: Bass Underwriters has a new admitted program for BOPs targeting a varied selection of risks. The program will entertain such businesses as beauty and nail salons, clothing stores, convenience stores, electronic and video …
The Main Street America Group has promoted Ed Kuhl to executive vice president, chief financial officer, and Dick Schultz to assistant vice president, and appointed Tom Frazier to assistant treasurer. Kuhl joined Main Street America in 1988 as controller. He …
Plymouth Rock Assurance Corp. is joining the Massachusetts Motorcycle Association (MMA) in a statewide initiative to promote awareness and safety of motorcycle riders. As part of the state’s Motorcycle Safety Awareness Period designated for March 25 – April 28, 2007, …
CDS Business Mapping, LLC, which develops online hazard mapping, has added a new storm surge report to its RiskMeter Online real-time, natural hazard risk report service. The RiskMeter is used by underwriters and agents to automate property lookups. It performs …
Worcester (Massachusetts) Superior Court Judge Francis Fecteau has sentenced a Templeton man to two and one-half years for committing perjury in a workers’ compensation claim proceeding at the Department of Industrial Accidents. The judge also ordered the man to read …
Massachusetts Insurance Commissioner Nonnie Burnes will convene a public hearing on a proposed 13.4 percent reduction in workers’ compensation rates at 10:00 a.m. on April 5, at the Division of Insurance, One South Station, Boston. The Workers’ Compensation Rating and …
The Commerce Group, Inc. in Webster, Mass. has completed its acquisition of SWICO Enterprises, Ltd., the holding company for Hempstead, New York-based property and casualty insurer State-Wide Insurance Co. With the completion of the acquisition, Commerce, the largest auto insurance …
MassMutual Financial Group launched a clandestine probe against its chief executive after his wife complained that he was having an affair with a high-ranking female executive, according to a once-confidential report made public last Friday. MassMutual fired Robert O’Connell in …
