State insurance regulators moved closer to final adoption of a model finite reinsurance disclosure regulation at the summer meeting of the National Association of Insurance Commissioners in Boston this weekend. As they did, they expressed the hope that states that …
An online wholesaler from California is setting up shop on the East Coast to attract new agents. Superior Access Insurance Services, Inc. is looking to enroll agents from New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, Rhode Island, Vermont, Maine and …
Plymouth Rock Assurance Corporation, a Boston-based auto insurer, has appointed Paul T. Murray as marketing representative in Connecticut. In his new assignment, Murray will provide sales and marketing support to agents in New Haven, Fairfield, and Litchfield counties. Murray has …
The Liquor Liability Joint Underwriting Association of Massachusetts now offers coverage up to $1 million per person and $1 million per occurrence. The previous coverage limit was $500,000 per person and $1 million per occurrence ($500,000/$1 million). “This improvement will …
The National Association of Securities Dealers confirmed that it has imposed fines totaling more than $34 million on 15 broker-dealers in connection with the receipt of directed brokerage in exchange for preferential treatment for certain mutual fund companies. The cases, …
Over the last month or so there has been a great deal of concern expressed in the Massachusetts agent community regarding the proposed Assigned Risk Plan for private passenger residual market automobile insurance. The implementation of the ARP, to be …
A new study suggests that millions of Americans lack basic knowledge of rules of the road and safe automobile operation. This story is being cited here rather than on another page because it’s obviously not news, at least to those …
Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates take effect in September. The industry’s Workers Compensation Rating …
MASSACHUSETTS Workers Comp Rates Up 3%: Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates take effect in …
There were more than 17.6 million recreational boats in use in the United States in 2004, and an estimated 69 million people involved in boating activities, according to the National Marine Manufacturers Association. Since insuring personal pleasure boats is not …
