According to a Reuters report, Ace Ltd. said on Wednesday it has received 43 subpoenas, interrogatories, civil investigative demands and letters of inquiry in relation to the investigations of insurance industry practices. In its annual report filed with the U.S. …
A task force appointed by Massachusetts Gov. Mitt Romney last spring has concluded that the state’s private passenger auto insurance system is heading for a crash and has promised to produce a legislative reform package by May 30 in time …
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 (WCRI). This contrasts with more rapid annual growth of 9-10 percent in the …
The National Association of Insurance Commissioners recently named its funded consumer liaison representatives for 2005. Established in 1992, the program promotes consumer representation and interaction with NAIC members, industry and interested parties through dedicated individuals committed to serving the public …
HIP Health Plan of New York hs completed its acquisition of ConnectiCare Holding Company, Inc. HIP received regulatory approval for the acquisition from Massachusetts and previously from Connecticut and New York. The acquisition agreement was announced June 23, 2004. HIP’s …
Edward Levy, president and chief executive officer of Delaware Valley Underwriting Agency Inc. in Hatboro, Pa., announced new management assignments effective immediately. Rita Hanebury assumes responsibility as vice president/manager. Hanebury’s previous title was vice president/assistant manager. She will continue to …
Beecher Carlson Holdings, Inc. has opened a Boston area office and appointed Robert J. Bothwell to lead the office as managing director in addition to heading the company’s National Energy Practice. The firm also announced that Brenna C. Melvin has …
HMO enrollment continues to decline in most New England states — even Massachusetts, traditionally an HMO tronghold, according to a report by HealthLeaders-InterStudy, a provider of managed care industry intelligence. According to the latest issue of the New England Health …
Star mogul Warren E. Buffett loves New Jersey, at least its auto insurance market. In his annual letter to shareholders of Berkshire Hathaway Inc. of which he is chairman, Buffett has high praise for the turnaround in the state’s auto …
Citizens and Hanover Insurance Companies have named Douglas H. McDonough regional president of its emerging Mid Atlantic region, effective immediately. In this role, he will manage all aspects of sales and distribution for the companies’ commercial and personal lines operations …
