MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving history. The revised Safe Driver Insurance Plan will provide …
James Huber James Robinson Huber has been appointed senior vice president and regional executive, Southeast Region for ACE USA, the U.S.-based retail operating division of The ACE Group of Companies. Based in Atlanta, Huber will be responsible for setting and …
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 …
OneBeacon, which introduced a Web-based, multi-tiered new auto insurance product in 2004, is launching new homeowners and package products using the same OneChoice platform during 2005. The suite of OneChoice auto, homeowners and package products, OneBeacon Insurance are designed to …
An auto insurance market where companies can compete on the prices charged and the products provided would benefit Massachusetts drivers, according to the American Insurance Association (AIA). AIA testified Monday at the Massachusetts Insurance Department’s annual hearing to determine if …
Boston-based Highfields Capital Management has issued a statement addressing what it termed “certain incorrect and incomplete information” being disseminated about the potential acquisition by French reinsurer SCOR of Highfields’ 46.6 percent ownership of IRP Holdings Ltd., “an Irish company formed …
In one of the largest malpractice verdicts in state history, a jury has awarded $23.8 million to the parents of a girl born with cerebral palsy after a traumatic delivery at Massachusetts General Hospital. The Suffolk County jury deliberated for …
The Hanover Insurance Company and Worcester (Mass.) Professional Baseball, LLC, today announced that they have reached an agreement for Hanover to be the primary sponsor for the Worcester Tornadoes. The Tornadoes are the first professional baseball team to call Worcester …
One Beacon Insurance Co. has decided to vacate its offices at its namesake address at One Beacon in downtown Boston and consolidate its Boston area operations in a building in suburban Canton, Mass. Real estate broker Richards Barry Joyce & …
While the National Association of Insurance Commissioners is considering changing the accounting rules for finite reinsurance transactions, Massachusetts is proceeding with a tightening of its own reporting requirements. Massachusetts Insurance Commissioner Julianne Bowler said her state will now require that …
