Massachusetts News

News Briefs

MASSACHUSETTS Romney Would Require Insurance: Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage, which he has dubbed the Safety Net Care proposal. The Safety Net plan is …

People

Columbus, Ohio-based Grange Insurance has promoted Alan D. Brannan to the new post of president of property/casualty for the Grange Mutual Casualty Group. In his new role, Brannan will oversee all property/casualty operations at Grange and its affiliate partner, Integrity …

Best Affirms White Mountains Operating Subsidiaries Ratings

A.M. Best Co. announced that it has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the major operating companies of the Bermuda-based White Mountains Insurance Group Ltd. Best rated OneBeacon Insurance Group (Boston, MA), Folksamerica …

Mass. AG Advises Marsh Clients to Hold Off on Signing Settlement

Massachusetts insurance customers of insurance broker Marsh & McLennan are being urged to hold off on agreeing to the broker’s proposed settlement by the state’s attorney general. Attorney General Tom Reilly’s office has mailed a letter to an estimated 300 …

OneBeacon Taps Miller to Replace Cavoores as CEO, President

OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd., today announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer. Miller replaces John Cavoores, who is leaving the company …

Sentry/Middlesex Drops Mass. Auto Line Citing Residual Market

Middlesex Insurance Company, a member of the Sentry Insurance group, has informed Massachusetts Division of Insurance that it will stop offering private passenger auto insurance in the state after this year. The company said it made the decision to exit …

National Alliance Announces 2005 Outstanding CSR of the Year Award Winners

The National Alliance for Insurance Education & Research has announced the selection of the state winners of the 2005 National Outstanding CSR of the Year Award. This honor originated in 1991 to recognize the contributions of customer service representatives within …

AIA Throws Support Behind Mass. Workers’ Comp Competitive Rating Bill

A bill that would bring a competitive rating system to the Massachusetts workers’ compensation system would be good for the state’s economy, according to the American Insurance Association (AIA). AIA testified before the legislature’s Joint Labor and Workforce Development Committee …

Romney Plan Would Require All to Buy Health Insurance …Or Else

Massachusetts Gov. Mitt Romney would require every person in the state to have health insurance under his plan for universal health coverage. The governor described the plan at a health care conference at the John F. Kennedy Library and Museum. …

MassMutual Alleges ‘Willful Abuse of Authority’ in Firing CEO O’Connell

The board of directors of the Massachusetts Mutual Life Insurance Company in Springfield, Mass. today announced that it terminated for cause Robert J. O’Connell’s employment as the company’s chairman, president, and chief executive officer, effective immediately. On June 2, 2005, …