Massachusetts News

Business Moves

Commerce Group, SWICO Enterprises, State-Wide Insurance The Commerce Group Inc., the largest auto insurer in Massachusetts, expects to enter the New York personal lines insurance market in 2007 as part of its plan to expand geographically. Under the terms of …

People

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, …

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 …

8 N.H. private school sues insurer over flood policy

Travelers claims buildings were in flood zone 8 Lloyd’s and former R.I. governor at odds Sundlun denies he owes funds to London broker 8 Conn. to get new insurance commissioner Cogswell to stay in department but step down as chief …

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 …

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 …

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 …

Enrollment Begins for New Mass. Health care Plan

Massachusetts residents who don’t have health insurance and don’t make a lot of money can enroll in a new state health plan that requires them to pay monthly premiums on a sliding scale based on their income. Richard Powers, spokesman …

OneBeacon Names Sibilia Senior V.P. of Claims

OneBeacon Insurance Group, Ltd. has named Philip Sibilia as senior vice president of claims of its insurance operations. He succeeds Gary Black who retired at the end of 2006. Sibilia has been with the company since 1979, serving in a …

Mass. Auto Insurers Among Largest Donors to Patrick Inaugural

Four of the nine top contributors to Gov.-elect Deval Patrick’s inaugural are major auto insurers, whose businesses could be greatly affected by any efforts by Patrick to reform the state’s highly regulated industry. Arbella Insurance Group, the Commerce Group, the …