Safety Insurance Increases Dividend
The board of directors of based Safety Insurance Group, Inc. has approved a $0.25 per share quarterly cash dividend on its issued and outstanding common stock, payable on September 15, 2006, to shareholders of record at the close of business …
Mass. Auto Insurers Seek 3.7% Rate Cut for 2007
For the second year in a row, Massachusetts auto insurers have filed for rate reduction. For 2007, the industry’s rating bureau is recommending rates be cut an average 3.7 percent. If approved, that would mean about $150 million in premium …
Mass. Spring Flood Victims File 10,000 FEMA Claims
More than 10,000 individuals, households and businesses have filed claims with the Federal Emergency Management Agency for this spring’s flooding in northeastern Massachusetts that was the worst in 70 years. “It didn’t impact the number of people that Hurricane Katrina …
Eastern Dentists, Medical Protective Target N.Y. Market
Eastern Dentists Insurance Company, a dental society risk retention group, and professional liability insurer Medical Protective have formed an alliance to provide New York dentists and oral surgeons with professional liability coverage. EDIC and Medical Protective have begun to market …
Mass. Becomes 28th State to Join Interstate Compact
Massachusetts has become the 28th state to join a program designed to modernize state regulation of life insurance, annuity, disability and long term care products. Gov. Mitt Romney signed legislation into law today that allows Massachusetts to become a member …
Thousands of Passengers Stranded after LAX Equipment Malfunction
Officials were investigating what caused a navigational system that helps guides planes onto arriving runways to fail, stranding thousands of passengers on hundreds of flights at Los Angeles International Airport and other airports across the country. Many flights had to …
New Markets
Bed and Breakfast Nuts & Bolts: Smith, Bell and Thompson and Swiss Re’s Commercial Insurance announce a new program for Bed & Breakfast accounts. The Bed & Breakfast program is designed for the innkeeper industry. Target accounts include bed and …
Liability contracts could complicate Big Dig recovery efforts
The state’s ability to recover damages from the Big Dig’s overseer for the ceiling collapse that killed a passing motorist and closed nearby tunnels may be limited by project liability agreements signed by Massachusetts officials. One of the agreements covered …
Linda Watters
Michigan Insurance Director of Insurance Linda Watters wants to make sure drivers in urban areas get a fair shake on the premiums they pay for auto and homeowners insurance. She has developed an initiative that would create a pool of …
