One of the mini-stories within the super-sized brokerage scandal is how state insurance commissioners, at least the appointed rather than elected ones, are very much like the industry they regulate when it comes to the media: conservative, shy and maybe …
Even as Massachusetts tackles the challenge of making the state’s private passenger auto system more like that in other states (see story page 18), independent insurance agents must continue to play by the state’s unique rate-setting procedures which require them …
Recent Key Developments in Ongoing Probes of Marsh, Other Brokers and Insurers Marsh ‘Hopeful’ of Quick Settlement Marsh & McLennan has been in constant contact and cooperation with New York Attorney Eliot Spitzer and 26 other states investigating its insurance …
A multi-state settlement with UnumProvident Corp. over its disputed handling of disability claims would cost the firm more than $120 million to comply and require it to review more than seven years of claims. It also calls for $15 million …
Art Seifert The Target Markets Program Administrators Association has a new president. He is Art Seifert, founder, president and chief executive officer of Anandale, Va.-based The Lighthouse Companies, and one of the original members of the Target Markets organization. Lighthouse, …
Even as Massachusetts tackles the challenge of making the state’s private passenger auto system more like that in other states (see story page 18), independent insurance agents must continue to play by the state’s unique rate-setting procedures which require them …
It’s time for Massachusetts to face the facts about its old ways of tightly regulating private passenger auto insurance and create a modern day system, Massachusetts Insurance Commissioner Julianne Bowler told agents last month, just days before she unveiled the …
The number of medical malpractice payments made by Massachusetts doctors peaked in 2001 and has begun to gradually decline, while the average size of those payments continues to soar, according to a new government report. From 1994 to 2001 the …
Massachusetts Insurance Commisioner Julianne Bowler’s decision setting private passenger auto insurance rates for 2004 has been upheld by the state Supreme Judicial Court. A minor portion dealing with premiums for optional bodily injury coverage was remanded, however, for reconsideration by …
After years of industry complaints and months of wrangling among regulators, carriers, voluntary agents, involuntary agents, consumers and lawmakers, Massachusetts has decided how to overhaul its auto residual market system. Massachusetts Insurance Commissioner Julianne M. Bowler on Nov. 23 issued …
