Massachusetts News

Make Your Vote Count!

Unbelievable. Election Day is almost here. By the time you receive your next issue of Insurance Journal West, the votes will have been tallied (provided none of our voting procedures fail!) and the presidency will have been decided. Incumbent George …

OREGON’S LIBERTY NORTHWEST NEGOTIATED TAX BREAK:

Nine years ago, private workers’ comp insurer Liberty Northwest struck a deal with legislators that it would pay no taxes on profits in Portland or Multnomah County, according to The Oregonian. Liberty Northwest is reportedly spending millions on a November …

Canter Predicts State, Federal Regulation to Detrimentally Affect Industry

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

Take Two: Looking at the Med-Mal Crisis from Both Sides

National editor Andrea Ortega-Wells recently moderated a “Take Two” debate discussing the hot topic of medical malpractice, and what, if any, reforms are needed. The debate featured Paula Sweeney, partner with the law firm of Howie & Sweeney in Dallas, …

Marsh Directors Reportedly in Negotiations with N.Y. AG; CEO Greenberg Said Pressured to Resign

Outside directors of Marsh & McLennan Cos. have sought to negotiate with New York Attorney General Eliot Spitzer in the insurance bid rigging case, a source familiar with the overture said Friday. The source spoke to The Associated Press on …

Mass. Attorney General, Insurance Commissioner Launch Probes into Brokers’ Fee Arrangements

Massachusetts’ attorney general and the state’s top insurance regulator are separately investigating fee arrangements between insurers and brokers that have led to litigation and subpoenas elsewhere over the past week. Attorney General Thomas Reilly’s office is “using every tool available …

Mass. FAIR Plan Rate Hike to be Heard Nov. 3

The Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the FAIR Plan, has filed for rate increases for its multi-peril homeowners risks. The FAIR Plan is seeking a 4.5 percent increase in rates for HO Forms 2, 3 and …

Lame Duck and Coverage

Between now and the next time Insurance Journal publishes, Americans will have made their choice for president. Judging from the last national election, the polls will have closed but the counting of the votes might still be underway. With the …

Commerce Insurance Estimates Potential Expenses, Savings from Mass. Auto High Risk Pool Revisions

The Commerce Insurance Company, a wholly owned subsidiary of The Commerce Group, Inc. (NYSE: CGI), and the largest writer of private passenger auto insurance in Massachusetts, has updated its estimate of the financial impact of the proposed reform of the …

MASS. AGENTS IN COMMISSION FIGHT:

The Mass. Attorney General has recommended that agents’ auto insurance commissions be frozen at $114 per vehicle until further proof of agencies’ actual expenses is made available. The AG is pressing for additional documentation to back-up agents’ request for higher …