June 5, 2006
While Massachusetts debates reforms to slow the exit of auto insurers writing within its borders and Connecticut develops a plan to lure more insurance jobs back to its insurance capital, New Hampshire is going the tax cut route. Lawmakers have …
June 5, 2006
While medical and litigation expenses are causing workers compensation insurers’ costs to creep up in the Northeast, there are some positive signs amid the claims trends for insurers and injured workers in several key states. Average total costs per workers’ …
June 5, 2006
GoodWorks Insurance, LLC, a Massachusetts insurance agency that promises to donate 50 percent of its profits to local charities, has expanded into Connecticut with a branch office in Granby. The Granby agency will sell personal and business insurance products, while …
June 5, 2006
Residents, business owners and public officials in Massachusetts, New Hampshire and southern Maine faced the daunting task of cleaning up after the worst flooding since the 1930s. The floods came after nearly a week of heavy rains. The flooding hit …
June 4, 2006
Cape Cod homeowners who kept their policies even after some major insurance companies pulled out of the region are now facing rate hikes of as much as 200 percent from insurers still serving the area. At least four remaining insurers …
June 2, 2006
The cost of medical malpractice insurance in New York can be linked directly to the state’s malpractice litigation awards, rather than to the cyclical nature of the insurance pricing, according to a new study by the Manhattan Institute’s Center for …
June 2, 2006
Wheaton, Ill.-based the American Association of Insurance Services (AAIS) is offering its member insurers an opportunity for free trial access to online risk mapping applications provided at “RiskMeter.com,” a service of CDS Business Mapping, Boston, Mass. AAIS is a national …
June 1, 2006
Standard & Poor’s Ratings Services has revised its outlook on Hanover Insurance Group Inc. and its operating company subsidiaries to positive from stable. At the same time, Standard & Poor’s affirmed its ‘BB+’ counterparty credit and senior unsecured debt ratings, …
May 31, 2006
The U.S. Atlantic basin is likely to experience another active hurricane season, but coastal regions may face fewer land-falling major hurricanes than last year, according to Prof. William Gray and the Colorado State University forecast team. The team maintained its …
May 30, 2006
Jon Kingsdale’s life is about to get a whole lot more complicated. The Romney administration has announced that Kingsdale will head up the new Commonwealth Health Insurance Connector Authority, the independent state authority charged with turning the state’s ambitious new …