Massachusetts News

New Study Ties Global Warming to Stronger Hurricanes

Most of the increase in ocean temperature that feeds more intense hurricanes is a result of human-induced global warming, says a study that one researcher says “closes the loop” between climate change and powerful storms like Katrina. A series of …

Main Street America Elects Van Berkel Chairman

The Main Street America Group’s president and chief executive officer, Tom Van Berkel, has also been elected chairman of its operating companies’ boards. Van Berkel joined Main Street America in 1990 as vice president, marketing, and was promoted to senior …

Boston-NYC Chinatown Bus Fleet Safety Questioned

A company that runs a low-price bus service between Chinatowns in Boston and New York has reached an agreement with state inspectors that keeps its fleet on the road, at least for now. The owners of the Fung Wah Bus …

Arrowhead Offers Not for Profit Organization D&O Liability

Arrowhead General Insurance Agency Inc. is offering a new not-for-profit directors and officers program designed to insure small to medium IRS tax-exempt 501(c)3 and 501(c)4 organizations. The program is through RLI Insurance Co., an admitted “A+” rated carrier by A.M. …

Progressive to Enter Mass. Auto Market– Commercial Lines

Massachusetts is about to get a new auto carrier—for commercial, not personal, lines. Progressive Insurance is awaiting approval of rate and form filings from the Massachusetts Division of Insurance in preparation for selling commercial auto products beginning this fall, according …

Mass. AG Reilly Opposes FAIR Plan’s 12% Rate Hike

Massachusetts Attorney General Tom Reilly has decided to appeal Insurance Commissioner Julianne Bowler’s order allowing the state’s insurer of last resort — the FAIR Plan — to raise home insurance premiums an average of 12.4 percent statewide — and 25 …

MassMutual Enhances Disability Product, Eases Underwriting

To increase its market share in the competitive executive and professional market, Massachusetts Mutual Life Insurance Co. has introduced what it says is one of the industry’s first comprehensive disability income insurance offerings, supported by eased underwriting requirements and higher …

Mass. Board Sets Lower Income Residents’ Health Insurance Fee

Lower income single adults will pay between $18 and $106 a month for health care under a plan approved by the board drafting regulations for the state’s new health care law. The Commonwealth Health Insurance Connector approved the pricing range …

Candidates for Ohio Governor Push Health Care Reforms

The two major candidates for governor want to embark Ohio on experiments that would expand health care coverage for the uninsured, including enrolling the poor in low-cost group purchasing plans. With an estimated 46.6 million Americans without health insurance, governors …

New Markets

Third Party Harassment and Discrimination Product Nuts & Bolts: Monoline third party harassment and discrimination coverage is being offered by Quadrant Insurance Managers. This product covers businesses for discrimination, harassment and wrongful eviction committed by an employee against a customer …