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 …
Ohio Governor Bob Taft has asked a state agency to look into a contract that allows an insurance company to advertise in thousands of vehicle registration renewal notices sent to drivers, according to the Associated Press. Illinois-based Allstate Corp.’s advertisements …
New research from the University of Missouri-Columbia shows that a shift to primary enforcement along with a fine increase could significantly boost seat belt use among motorists. Since New York first adopted a mandatory automobile seat belt law in 1984, …
The Boston- area public transit agency, the Masssachusetts Bay Transit Authority, has renewed its terrorism insurance designed to reimburse the transportation agency in the event a major terror attack. The policy includes a $350,000 deductible and would cover up to …
The Massachusetts economy could be battered if a major storm were to hit the metropolitan Boston area because the state’s homeowners insurance market is undercapitalized, the state’s insurance regulator is warning. A major storm hitting the metropolitan Boston area would …
While the Massachusetts insurance regulator is warning about problems in the homeowners market, another insurer has decided it can’t continue to write homeowners insurance on Cape Cod. Starting April 1, Vermont Mutual will stop renewing about 4,700 homeowners and 400 …
The Federal Bureau of Investigation conservatively estimates that cargo theft costs about $18 billion a year, while the General Accounting Office pegs the number between $20 billion and $60 billion a year. This figure includes the cost of filing, investigating, …
Surplus Supporting Homeowners Market (80%) MA $980 M $32 B 32.9 CT $637 M $55 B 86.1 ME $193 M $41 B 212.7 NH $192 M $44 B 228.6 RI $162 M $36 B 220.8 VT $104 M $47 B …
While the Massachusetts insurance regulator is warning about problems in the homeowners market, another insurer has decided it can’t continue to write homeowners insurance on Cape Cod. Starting April 1, Vermont Mutual will stop renewing about 4,700 homeowners and 400 …
Gov. Tim Keane explains why drivers will pay 6 N.J. looks back at claims-made Court allows policy where insured declined retroactive rider 6 Welders forge Maryland liability victory Pollution exclusion does not encompass welding rod liability N1 Risk models show …
