Safety Insurance Group, Inc. in Boston has updated its estimate of the financial impact of the reform approved on Dec. 31, 2004 of the residual market system for personal automobile insurance in Massachusetts. The company estimates the changes will reduce …
West Virginia Insurance Commissioner, Jane L. Cline, has signed separate multi-state settlement agreements with three major disability insurance carriers owned by UnumProvident Corporation of Chattanooga, Tenn. More than 40 states have joined West Virginia in ratifying the settlement agreements. The …
They’re in training to save lives, but medical interns sometimes threaten them: Lack of sleep from very long hospital shifts can make young doctors behind the wheel as dangerous as drunks, researchers found. Doctors in training were more than twice …
The Massachusetts Bankers Association (MBA) on Thursday announced that the U.S. District Court has issued a favorable opinion in its declaratory judgment action, resolving a critical case for banks that want to engage in insurance sales, reportedly enhancing options for …
A record year of natural disaster losses and Eliot Spitzer’s investigations into payment practices highlighted the urgent need for the insurance industry to tackle its reputation and practices during 2005, Lord Levene, Chairman of Lloyd’s, warned insurers today in Cambridge, …
The Massachusetts attorney general is expanding his probe into the commissions that insurers pay insurance brokers who promote their products to include contracts with cities and towns. The investigation by Attorney General Tom Reilly, which had previously been focused on …
The National Association of Professional Insurance Agents has announce a partnership with Learn.net to launch a new on-line CE and Professional Skills Education Center for member and non-member agents at: www.PIANET.com/Education. The initial launch will serve Alaska, Arizona, Arkansas, California, …
The American Association of Insurance Services has announced a slate of well-known speakers will address attendees of the 2005 Annual Conference of AAIS, April 10-12 at the L’Auberge Resort & Spa, Del Mar. Cal., near San Diego. Therese “Terri” Vaughan, …
A former Bristol County (Mass.) Corrections Officer has been indicted for working while collecting workers’ compensation benefits, according to Attorney General Tom Reilly. Kevin J. Mello, of South Dartmouth was indicted by a Bristol County grand jury on one count …
Despite new rules restricting its ability to reinsure individual high risk members of groups in the residual market, Commerce Insurance Company plans to again file with the Massachusetts Division of Insurance a five percent discount from the 2005 private passenger …
