Massachusetts News

It Figures

86% The percent of Virginians opposed to increasing fees on car insurance to help pay for transportation improvements. The Mason-Dixon Polling & Research Inc. survey also found that 10 percent supported insurance fees and 4 percent were undecided. $4,393 The …

Golf Course Risks and Greek Mythology

In Greek mythology, Sisyphus was a deceitful king who was condemned to spend eternity pushing a giant boulder up a mountain. As Sisyphus approached the peak of the mountain, the rock would elude him and roll back down to the …

New Markets

Environmental Insurance Program Nuts & Bolts: Burns & Wilcox, a national specialty insurance agency, has formed a strategic alliance with ACE Westchester Specialty Group Environmental to administer a program for environmental contractors and consultants. ACE Westchester Specialty Group will provide …

Brokers experience ‘exceptional’ second quarter; vigorous M&A activity

Stock Price Activity: Exceptional 2006 second quarter earnings reports had a positive impact on broker stock prices in July. Companies such as Brown & Brown (NYSE:BRO), Arthur J. Gallagher & Co. (NYSE:AJG), and Hilb Rogal & Hobbs (NYSE:HRH) reported impressive …

States Look to Copy N.H. Public Works Mutual Aid Network

About a decade ago, as he watched utility trucks from out of state help fix widespread power outages in New Hampshire, a light went on for Bow, New Hampshire’s public works director, Chum Cleverly. If power companies could get help …

Mass. Board to Review Health Care Plan Payment Proposals

Low-income residents would pay between $10 and $100 a month for health care under draft regulations set to be reviewed by the board overseeing the Massachusett’s sweeping new insurance law. Under the draft regulations, single adults living at the annual …

Jimcor Debuts Apartment Program for N.J.

Jimcor Agencies has unveiled a new apartment program for New Jersey on its online system. The program is designed for habitational risks with five to 15 apartment units in buildings of up to four stories. It can accommodate property values …

Mass. Largest Auto Insurer Dropped from High Risk Board

Massachusett’s largest, locally-based auto insurer, which has frequently locked horns with the Romney administration, has been dropped from the board that oversees how high-risk drivers are apportioned among companies. Commerce Insurance of Webster, which covers almost a third of Massachusetts …

Mass. Regulator Rules Auto Rates Must Be Set By State Again

As expected, Massachusetts officials have confirmed that the insurance commissioner, not competition, will set auto insurance rates for 2007. In a four-page decision handed down Aug. 10, Insurance Commissioner Julianne Bowler rejected arguments that the current marketplace is compatible with …

Insurers in Louisiana Agree to Extend Hurricane Lawsuit Deadline

Commissioner of Insurance Jim Donelon says nearly all of Louisiana’s homeowners insurance companies, including State Farm and Allstate, have complied with his order to extend the prescriptive period for policyholders to file a lawsuit as result of a hurricane-related insurance …