Gordon Stewart will retire December 31, 2006 from the Insurance Information Institute after 15 years as president of the organization. Dr. Robert P. Hartwig, senior vice president and chief economist of the I.I.I., was elected executive vice president by the …
First Act Inc. announced that it accepted a $16.7 million settlement payment stemming from a lawsuit in which a jury found that Brook Mays Music Co. had falsely disparaged the products of the bargain-priced musical instrument maker. The settlement comes …
Last summer when the Massachusetts Fair Plan, the state’s involuntary homeowners insurance market, looked into purchasing reinsurance, the premium was about $17.5 million. The plan did not purchase the reinsurance then, which left its participating individual property insurers to cover …
Potential jurors in Massachusetts face greater scrutiny about their home lives, nationality and dealings with the court system under a new screening process that has just gone into effect. The updated “juror questionnaire” asks a series of yes-no questions — …
The Rhode Island General Assembly recently passed the Health Care Affordability Act, a set of 14 bills intended to lower health insurance costs for small businesses, strengthen state control over provider expansion, enhance consumer access to health care information and …
Massachusetts officials have unveiled proposed regulations that would set the minimum a company would have to do to be exempt from a new $295 per-worker assessment as part of the state’s new health care law. Health care advocates immediately criticized …
With Wal-Mart and Home Depot among a record number of companies awaiting federal approval to open banks, legislation to block this special kind of bank is gaining momentum, a senior House lawmaker said. Thirteen companies, a record number, have joined …
Electric Insurance Company in Beverly, Mass. has named Marc A. Meiches as president and chief executive officer, effective July 1, 2006. Meiches will succeed Larry Cohen who has been acting CEO since April 2005. Meiches comes to Electric Insurance from …
Almost 10 months after it was filed, Massachusetts Insurance Commissioner Julianne M. Bowler on June 30 disapproved the 12.5 percent average homeowners insurance rate increase submitted by the Massachusetts Property Insurance Underwriting Association (known as the Fair Plan). The filing …
