Massachusetts News

Biggest U.S. property cat losses in 2006 were away from coasts

Property casualty insurers increasingly steered clear of the water out of fear of catastrophe losses during the past year. But while they were keeping a wary eye on the coasts in 2006, and escaped relatively unscathed in those areas thanks …

Report: Nevada workers’ comp system needs to examine serious claims

The Nevada workers’ compensation system “has undergone dramatic change since 1993″ becoming more competitive and allowing private insurers to enter the market,” but it has room for improvement particularly in auditing the most serious claims, according to the Workers’ Compensation …

Silicon Valley oenophiles on alert after brazen wine heist

Silicon Valley, Calif., oenophiles are on alert after a brazen robbery occurred on Jan. 4, when thieves broke into a posh home and stole more than 150 bottles of wine. Estimated value: $500,000. The heist — thought to be one …

New Markets

Apartment Property Program Nuts & Bolts: Houston-based London American Risk Specialists Inc. has an Apartment Property Program endorsed by the National Apartment Association. The program is available in the continental United States. Highlights of the program include: competitive rates on …

LIRC says Citizens can raise rates

Louisiana’s state-run insurer won approval for big rate increases on Jan. 17, 2007, meaning double- and triple-digit hikes in insurance costs for homeowners and businesses along the coast. The increases for Citizens Property Insurance Corp. will immediately affect about 140,000 …

Mass. Gov. Patrick replaces commissioner; halts high risk plan

Massachusetts Gov. Deval Patrick has taken steps to install his own appointee as insurance commissioner and halted the ongoing implementation of reforms to the state’s auto insurance high risk pool championed by the regulator he is replacing. Patrick said he …

8 N.Y.’s Interboro Mutual’s back in

Long Island insurer reborn as stock insurer 8 Delaware agents groups to merge Group will be both Big ‘I’ and PIA 8 Mass. Diocese gives files to insurers Insurers may review handling of abuse cases 10 Royal & Sun Alliance …

People

Lloyd’s of London announced that Julian James, its director-worldwide markets, will be leaving at the end of April to join Lockton International. James has been responsible for all Lloyd’s commercial activities outside the UK, including the management of its 72 …

Insurers gain access to Mass. diocese abuse files

A judge has ordered the Roman Catholic Diocese of Springfield, Mass. to release thousands of pages of documents in a dispute between the church and seven of its insurance carriers over settlements with clergy sex abuse victims. The diocese sued …

News Currents

Mass. Gov. Patrick replaces commissioner; halts high risk plan Massachusetts Gov. Deval Patrick has taken steps to install his own appointee as insurance commissioner and halted the ongoing implementation of reforms to the state’s auto insurance high risk pool championed …