As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers’ compensation premiums taxes and residual market assessments. The combined …
The Boston-area public transit agency, the Massachusetts Bay Transit Authority, has renewed its terrorism insurance policy. The policy includes a $350,000 deductible and would cover up to $500 million in damage to MBTA property, or about 10 percent of the …
People Joseph Beneducci has been elected to president and chief operating officer of Fireman’s Fund Insurance Company, in Novato, Calif., according to Charles Kavitsky, chief executive officer. Beneducci was named executive vice president and chief operating officer in May 2003. …
New Markets Nuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …
New Markets Nuts & Bolts: The Hartford Financial Services Group Inc. introduced Universal Excess, a new excess insurance policy that fits firmly over directors and officers, fiduciary, employment practice, miscellaneous professional and tech errors and omissions products issued by any …
To an inexperienced agent, learning the insurance industry’s ropes – and many acronyms – can be difficult. Yet there are many educational opportunities designed to coach young agents into better performers and top sellers. One such program is the National …
As part of its record $1.6 billion overall settlement with state and federal officials for fraud and improper accounting, American International Group will pay states $343.5 million for underpayment of workers’ compensation premiums taxes and residual market assessments. The combined …
The American Insurance Association (AIA) on Thursday called statements by the Montana Democratic Party about former Montana Governor and current AIA President Marc Racicot “outrageous, shameful attempts to make political hay out of the suffering of fellow Montanans.” In text …
Jaimie Doucette has joined the Needham, Mass.- based insurance agency, Provider Insurance Group, as an account manager in personal lines insurance. In her position, Doucette advises clients on automobile and home owners insurance. Prior to joining Provider Insurance Group, she …
Massachusetts Attorney General Thomas Reilly is investigating excessive billing by hospitals to a state fund used to pay for uninsured patients. The investigation of the state’s $800 million “free-care pool” overlaps with a state audit that has uncovered unusually high …
