Massachusetts News

Property for Public Entities

Nuts & Bolts: Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of …

Property Program for Public Entities

Nuts & Bolts: Victor O. Schinnerer and Co. offers an admitted property policy for all types of public entities. It features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of loss, including …

Main Street Matters

New York is one of the worst; New Jersey is also poor; Virginia remains among the best; Massachusetts and Maryland are looking better and better; Connecticut is holding steady, while Pennsylvania has some catching up to do. That’s a summary …

People & Places

Douglas McDonough Citizens and Hanover Insurance Companies have named Douglas H. McDonoughregional president of their emerging Mid-Atlantic region. In this role, he will manage all aspects of sales and distribution for the companies’ commercial and personal lines operations in Maryland, …

Experts Question Safety of Boston’s Big Dig

The Big Dig’s top manager said that a top consultant was fired from the project over a possible conflict of interest, contradicting the man’s claim that he resigned because he was stonewalled and can’t vouch for the safety of the …

Pennsylvania Keeps Its Workers’ Compensation Costs Under Control

Costs per workers’ compensation claim in Pennsylvania rose 6 percent between 2001 and 2002, according to a new report by the Cambridge, Mass.-based Workers Compensation Research Institute. This contrasts with more rapid annual growth of 9 percent to 10 percent …

WORKERS’ COMP WRITERS SEEK 1% HIKE:

The Workers’ Compensation Rating and Inspection Bureau of Massachusetts has recommended to the state Division of Insurance that average rates for workers’ compensation insurance be increased by 1.0 percent effective Sept. 1, 2005. The WCRIB’s proposed 1.0 percent increase in …

HORACE MANN EXIT UPHELD:

Horace Mann Educators Corp. did not violate any law or regulation in 2001 when, as part of its plan to exit the Massachusetts auto insurance market, it transferred its best exclusive representative producers and their auto insurance accounts to Commerce …

OneBeacon Launches New Web Site

Boston, Mass.-based OneBeacon Insurance Group has redesigned its Web site to provide more comprehensive access to products and services for customers, prospective employees and its agency partners. The new site features detailed information on the company’s specialty, commercial and personal …

Safety Insurance Net Income Jumped in 2004

Safety Insurance Group, Inc. reported that net income for the 2004 was $45.0 million, or $2.90 per diluted share, compared to $28.5 million, or $1.86 per diluted share, for 2003. Safety’s book value per share increased to $19.70 after paying …