Massachusetts News

Small London Company 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 …

In Manhattan: Agents, Insurers Renew Call for Federal Terrorism Insurance

In the heart of the world’s financial markets, insurance agents and companies today urged Congress to protect the country’s economic stability by ensuring availability of terrorism risk insurance through a continued federal role. The Independent Insurance Agents & Brokers of …

R.I. Employers Expect Little Effect from Gay Marriage Opinion

Some of the Rhode Island’s largest employers say they don’t expect any major changes in the benefits they give gay employees after Attorney General Patrick Lynch last week said the state should recognize same-sex marriages performed in Massachusetts. Lynch’s nonbinding …

OneBeacon Forms Government Risk Specialty Unit

OneBeacon Insurance Group is forming a specialty business that will target government entities with property and casualty products. Managing this business will be Josette Kiel, joined by Jeffrey Richardson and Bradley York. OneBeacon Government Risk Solutions is the second new …

New Mass. Commissioner Accustomed to Being the Judge

The new insurance commissioner for Massachusetts, who started on the job this week, thinks her years of experience in a judge’s robe will serve her well in her new role, one in which she sees herself as an arbiter of …

First Cardinal Adds 3 at N.Y. Headquarters

Workers’ compensation administrator First Cardinal LLC has announced several new hires at its Latham, N.Y. headquarters. Christopher J. Kownack has joined the claims department as claims representative. Susan Shafer has joined the claims department as claims assistant. Cory Stanton has …

State Farm Announces $1.2 Billion Mutual Auto Policyholder Dividend

Mass. Workers’ Comp Insurers File for 13.4% Rate Drop

The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB) today submitted to the state Division of Insurance a proposed average rate decrease of 13.4 percent for workers’ compensation insurance effective September 1, 2007. If the WCRIB’s filing is approved, …

New Mass. Commissioner Burnes accustomed to being the judge

Superior Court Justice Burnes is well aware that politics comes into play in Bay State insurance regulation The new insurance commissioner for Massachusetts thinks her years of experience in a judge’s robe will serve her well in her new role, …

Mass. auto assigned risk plan could be history before it even begins

Massachusetts insurance agents have urged the administration of Gov. Deval Patrick to scrap a proposed auto insurance assigned risk plan that the previous administration championed for four years. Former Insurance Commissioner Julianne Bowler ordered final implementation of the Massachusetts Assigned …