The Commerce Insurance Company has filed an action in Massachusetts Superior Court, Suffolk County, in response to the rules published by the Division of Insurance for a new automobile residual market system. Commerce is asking the court to determine whether …
Catherine Rein MetLife, Inc. has named Catherine A. Rein to the role of chief administrative officer, effective Jan. 1, 2005. Reporting to MetLife, Inc. Chairman and Chief Executive Officer Robert H. Benmosche, Rein will oversee MetLife’s human resources, audit, information …
Banks should have an easier time selling insurance in Massachusetts thanks to a recent federal court ruling granting supremacy to federal rules over more restrictive state laws governing banks’ sales of insurance products. The Massachusetts Bankers Association successfully challenged state …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
There are a number of things about the insurance industry that drive Lord Levene crazy but nothing more than all the paper. “The paperwork is nuts,” the Lloyd’s of London chairman exclaims. He tells the story of a broker inputting …
The federal government has filed a lawsuit challenging key sections of a new Massachusetts law that regulates oil tanker operations and safety in state waters, saying the provisions violate federal authority and should be struck down. The law, which was …
Connecticut Insurance Commissioner Susan Cogswell has approved the acquisition of ConnectiCare by Health Insurance Plan of Greater New York. The merger price is $350 million. Regulators in Massachusetts and New York must also approve the deal. HIP-NY is a not-for-profit …
The number of insurers in Massachusetts looking to grant discounts to the best drivers has gone down to 2 from just 3. Of the state’s 20 private passenger auto insurers only Amica Insurance and Electric Insurance, relatively small market forces, …
One year after being formed by the merger of the National Association of Independent Insurers and the Alliance of American Insurers, Ernie Csiszar, president and CEO of the Property Casualty Insurers Association of America (PCI) on Wednesday announced a restructuring …
Tower Group, Inc. announced that it entered into a stock purchase agreement today to acquire North American Lumber Insurance Company, a shell company with 17 state licenses, nine of which are active in the following states: New Jersey, Connecticut, Massachusetts, …
