Massachusetts News

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Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary. Carrier: …

Small London firm uses computer archive to help find stolen art

The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …

Declarations

Mississippi freethinker “I have been a freethinker for a long time. I haven’t a clue why they did this.” Mississippi Insurance Commissioner George Dale, who has run as a Democrat eight times in his political career, but who this year …

News Currents

R.I., Mass. safest while Wyo., Ark. deadliest states for truck crashes Wyoming and Arkansas are the deadliest states for truck crashes, according to a safety group that has called for tougher federal regulation to reduce fatalities hovering above 100 a …

Washington warming to national disaster plan idea

Sen. Dodd says hurricane and flood disasters are not just a local issue, but a national one A proposal for a national disaster plan to backup private hurricane and flood insurance markets appears to be gaining momentum in Washington. This …

Mass. AG Balks as FAIR Plan Seeks 13.6% Hike Statewide, 25% on Cape

The Massachusetts FAIR Plan has requested a 25 percent homeowners insurance rate increase for Cape Cod residents, part of an overall statewide filing seeking a 13.6 percent average rate increase statewide. The FAIR Plan, which provides coverage to homeowners unable …

Mass. Extends Deadline for Key Health Care Plan Requirement

The board that oversees Massachusetts’ landmark health insurance law voted this week to delay key elements of the plan by a year and a half to give residents and businesses a chance to ramp up their health care coverage to …

Hanover’s New Connections Home Completes Personal Lines Redesign

The Hanover Insurance Group, Inc.has launched Connections Home, a new homeowners insurance product designed to make it easier for agents to sell and retain more business by providing a total account solution. Connections Home offers four package options: Basic, Select, …

BISYS Launches Towing Program

BISYS Specialty Programs, a division of BISYS Commercial Insurance Services, has launched a nationwide towing program. This new market relationship with Westport Insurance Co. (A.M. Best rated A+, XV), a Swiss Re Co., allows BISYS to provide specialty underwriting for …

Fireman’s Fund Offers Optional Endorsement to Excess Policy Nonprofits Coverage

Novato, Calif.-based Fireman’s Fund Insurance Co. has launched a new optional endorsement available to Prestige Excess policyholders, increasing liability coverage for directors and officers of nonprofit organizations with limits up to $10 million. The endorsement protects policyholders who serve on …