Massachusetts News

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The Excess Line Association of New York has appointed Jasmin Chen Johnson as financial director. She will be responsible for conducting financial analysis, review and monitoring of all New York-eligible excess line insurers. She has over 15 years of experience …

Declarations

Don’t Text, Just Drive “Txt Back L8R” —Billboards going up around Michigan are reminding drivers to hold off on text messaging. The Michigan Office of Highway Safety Planning said that the billboards in major metropolitan areas will carry the phrase …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Closure/Post Closure for Landfills Market Detail: Sloan Mason Insurance Services provides closure and post closure …

Webinar to Help P&C Agents Benefit from Health Insurance Boom Under Reform Law

For independent insurance agents, upcoming healthcare reform could be an opportunity to gain a bigger share of the health insurance and benefits market, provided they can properly advise their customers about their options, according to experts. Insurance Journal is partnering …

Tower Completes Acquisition of OneBeacon’s Personal Lines Business

Tower Group Inc. has completed its acquisition of the personal lines business of OneBeacon Insurance Group for $167 million. The completed transaction includes the acquisition by Towers of Massachusetts Homeland Insurance Co., York Insurance Co. of Maine and two management …

U.S. Launches Pre-Existing Condition Health Insurance Plan

The U.S. Department of Health and Human Services (HHS) announced today the launch of a Pre-existing Condition Insurance Plan (PCIP) that will offer coverage to uninsured Americans who have been unable to obtain health coverage because of a pre-existing health …

Neal Bill, HR 3424, Proponents and Opponents Trade Salvoes

When U.S. Representative Richard Neal (D-MA) introduced, or more properly reintroduced, HR 3424, a bill aimed at closing what its proponents describe as a “loophole” in the U.S. tax code, he ignited, or more properly reignited, a longstanding controversy. Essentially: …

Catlin to Establish Swiss Reinsurer

The Bermuda-based Catlin Group Limited has announced that it intends to form a reinsurance company in Switzerland to “significantly expand the European-based reinsurance business underwritten by the Group.” Catlin said it has applied to the “Swiss Financial Market Supervisory Authority …

Liberty Mutual Wins Dismissal of Claim for Injured Mass. Carpenter

Liberty Mutual was right to deny workers’ comp benefits for a self-employed carpenter who severely injured his hand, the Massachusetts Appeals Court has ruled. The decision upholds an earlier ruling by an administrative judge at the Industrial Accident Reviewing Board …

Provider Names Wetherbee as Marketing Manager

Massachusetts-based insurance agency Provider Insurance Group has hired Julie Wetherbee as marketing manager specializing in social media, events and field sales support. Wetherbee is a weekend co-host/reporter for New England Sports Network’s Dirty Water TV and was also the former …