Making Hartford shine again
6 43 Mass. race for governor 8 Jail time for safety
New Markets
Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, a provider of specialty insurance, is now providing terrorism insurance in the U.S. The coverage will be offered to brokers through Hiscox USA’s Armonk, N.Y., headquarters with a …
Business Moves
OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a wholly owned division of QBE Insurance Group Ltd., for approximately $32 million. From offices in Kansas, the …
Arbitrators: Former MassMutual CEO Wrongly Fired
The former chief executive of MassMutual Financial Group was wrongfully fired a year and a half ago and is entitled to financial compensation that could be worth as much as $50 million, according to an arbitration decision. The decision, reached …
Mass. to Hear Revised High Risk Plan Nov. 10; April 2007 is Target Start Date
Massachusetts Insurance Commissioner Julianne Bowler has set Nov. 10 for a public hearing into her guidelines for moving the state’s auto insurance system for high risks from a reinsurance plan to an assigned risk plan. If her guidelines remain as …
Delaware Warns Consumers of Coastal Coverage Woes; Ups FAIR Plan Limits
Delaware Insurance Commissioner Matt Denn warned consumers about some expected restrictions from homeowners insurance companies for coastal area homes, although he said he does not believe they will be as severe as other states. Denn also announced changes to the …
Johnston Honored as Mass. Insurance Professional of the Year
The Massachusetts insurance community has honored Daniel J. Johnston, president of the Automobile Insurers Bureau and a founder and executive director of the Insurance Fraud Bureau of Massachusetts, as the fifth annual Insurance Professional of the Year. Johnston was honored …
Hanover Reports Third Quarter $34M Charge for Katrina Claims
The Hanover Insurance Group, Inc. said it expects third quarter results to include a $34 million charge, or $0.66 per share, of after-tax net losses and loss adjustment expenses related to Hurricane Katrina. The Worcester, Mass.-based company said it increased …
Portable Seat Belt Promises Safety While Traveling Abroad
A lightweight, portable seat belt that could save many of the hundreds of lives lost each year by Americans traveling abroad, has been created by a group of engineering undergraduates at the University of Massachusetts Amherst. The seat belts could …
Suit Against N.H.- Mass. Crematorium Becomes Class Action
A judge has ruled that a lawsuit against the owners of the Bayview Crematorium in Seabrook, New Hampshire, where dozens of families believed their loved ones’ remains were mistreated, can be classified as a class-action lawsuit. About 25 plaintiffs have …
