Massachusetts News

Schwarzenegger Proposes Sweeping Plan to Cover Uninsured

California Governor is hoping to develop a plan to extend health care to 6.5 million uninsured Californians, but to do so, he will have to find common ground between groups that often are at odds. Union leaders quickly balked at …

Citation Re Offers Stand-Alone Terrorism Coverage

Citation Re, a New York- based reinsurance company, is making available terrorism coverage for suburban risks. This stand-alone terrorism coverage has limits up to $65 million. Citation Re also announced the promotion of Brendan Cook to vice president. Among his …

In Mass., Bowler Steps Down; Murphy Named Interim Chief

Julianne Bowler has stepped down as Massachusetts insurance commissioner, making way for newly-installed Gov. Deval Patrick to name her successor. Joseph Murphy, first deputy commissioner, has been named acting commissioner, Insurance Journal has learned. Bowler has been with the state …

New Markets

Real Estate Agents and Brokers E&O Nuts & Bolts: London American Professional Liability LLC a program administrator and MGA, introduced a new program for real estate agents and brokers errors and omissions. The program is being offered in most states …

It Figures

$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …

Revere Next Target for Mass. Anti-Fraud Task Force

Massachusetts auto insurance fraud investigators say they will set up shop in the seacoast town of Revere, continuing a model that has had success in several other cities and towns with high claims rates. The Insurance Fraud Bureau of Massachusetts, …

People and Places

Zurich Financial Services Group has appointed Maine Insurance Superintendent Alessandro A. Iuppa as head of Government and Industry Affairs for General Insurance, and as chief government affairs officer, North America. Both appointments are effective Jan. 15, 2007. Based in Washington, …

Denver-Based Company Recalling Sausage

Nearly 16,000 pounds of beef and buffalo sausage marketed as Maverick Sausage have been recalled from stores in 18 states, including Michigan, because of possible contamination with the bacterium Listeria monocytogenes. The U.S. Agriculture Department’s Food and Safety Inspection Service …

It Figures

0.9% The workers’ compensation voluntary loss cost decrease approved by the New Hampshire Insurance Department, along with a reduction in assigned risk rates of 0.6 percent. The new figures went into effect Jan. 1. The decision mirrors the request made …

Drunk driving death rates decline in 23 states

Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …