Massachusetts News

Average Rate Cut Slightly, Inexperienced Drivers to Pay More, Under 2005 Mass. Auto Insurance Decision

Massachusetts Insurance Commissioner Julianne M. Bowler issued a decision in the 2005 private passenger insurance rate case that will result in a statewide average rate decrease of 1.69 percent next year. The new rate takes effective January 1 and results …

Report: Fla., N.C. Had Best Scores in Bioterrorism Preparedness Assessment

Florida and North Carolina scored highest in a report “Protecting the Public’s Health in the Age of Bioterrorism,” released by the Trust for America’s Health. The group measured 10 indicators to gauge state preparedness and readiness to respond to bioterrorist …

Mass. 2005 Car Insurance Decision Due Today

Massachusetts Insurance Commissioner Julianne Bowler is expected to announce today, Dec. 15, her decision setting private passenger auto insurance rates for 2005. The final briefs in the 2005 private passenger auto insurance rate case were filed the week before Thanksgiving. …

For Mass. Insurance Agents, AG Reilly No Ally

Massachusetts Attorney General Tom Reilly, who is expected to run for governor, has a history of making life difficult for the state’s independent insurance agents. Last week, the Massachusetts Association of Insurance Agents reported that some of its members have …

Big Dig Managers Face $100M Mass. Lawsuit

The independent agency charged with overseeing the $14.6 billion Massachusetts highway project known as the Big Dig intends to sue the consortium that managed the venture, seeking to recover as much as $100 million in costs for design errors and …

Nazario to Administer American Hobbyist’s Florida Office

Mady Nazario has been promoted from underwriter to office administrator of American Hobbyist Insurance Inc.’s national office in Stuart, Fla. The firm is a national provider of collector-vehicle insurance. The Florida office provides underwriting and customer service to customers and …

P/C Insurers Positioned to Weather Hurricane Losses

Canter Says State, Federal Regs Are Detrimental

More than 120 firms participated in the Big “I” exhibit During my term we have made numerous advances, I couldn’t have done any of them without the help of the Executive Committee and dedicated committee-members,” said Louise “BeBe” Canter, president …

Recreational Watercraft

Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of up to $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable …

Recreational Watercraft

Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable rated “A,” …