Massachusetts News

Health Care Transit

Nuts & Bolts: In conjunction with acquiring the book of business of The American Agency, a specialist in ambulance services, hospital fleets and paramedic-transit operations, THOMCO is offering three new programs: Ambulance Plus, Hospital Fleet Complete and Para-Transit Pro. Coverages …

Management and Professional Liability

Nuts & Bolts: National Union Fire Ins. Co. of Pittsburgh, Pa., a member company of American International Group Inc., launched “PrivateRisk Protector,” a new management and professional liability portfolio of coverages designed to address the broad spectrum of exposures to …

Health Care Transit

Nuts & Bolts: In conjunction with acquiring the book of business of The American Agency, a specialist in ambulance services, hospital fleets and paramedic-transit operations, THOMCO is offering three new programs: Ambulance Plus, Hospital Fleet Complete and Para-Transit Pro. Coverages …

I.I.I. Says Automobile Insurance Rates to Climb Slightly in 2005

The cost of auto insurance is expected to rise by just 1.5 percent in 2005, the smallest increase in five years, reports the Insurance Information Institute. The average cost for auto insurance nationwide for 2005 is estimated at $870–an increase …

Mass. Insurer Coalition Plans Major Campaign to Bring More Competition to Auto System

A group of insurers in Massachusetts is planning a statewide public relations, lobbying and educational campaign to convince drivers, voters and lawmakers that more competition is needed in the state’s private passenger auto insurance market. The group is hoping to …

Main Street America Group to Serve on Coalition Against Insurance Fraud Board

The Main Street America Group has been appointed to serve on the board of directors of the Coalition Against Insurance Fraud, a Washington, D.C.-based global alliance of insurers, consumer organizations and state agencies fighting insurance fraud. The Main Street America …

ProBuilders Enters N.E. Contractors’ Insurance Market

ProBuilders Specialty, a risk retention group managed by NationsBuilders Insurance Services, has entered a number of the New England states to offer contractors’ general liability coverage. The program will be offered through NBIS preferred wholesaler Conifer Insurance Agency of Peabody, …

Schinnerer Offers New Property Program for Public Entities in Most States

Schinnerer is now offering an admitted property policy for all types of public entities through the Insurance Company of the West (ICW), an A.M. Best A- rated company. The policy features a specialized property enhancement for public entities which provides …

Mass. Fraud Crackdown Lowers Claims Substantially

Auto accident claims are down significantly in Lawrence, Mass. and several other Merrimack Valley communities after a 16-month crackdown on auto insurance fraud, according to an industry report. The Insurance Fraud Bureau of Massachusetts forecasts $25 million in savings for …

As Motorcycle Theft Rate Accelerates, LoJack Offers Global Motorcycle Recovery System

Easy riders concerned about how easily their wheels may be lifted have a new partner in the fight against theft. The company that created the global stolen vehicle recovery system for autos and then applied it to commercial vehicles and …