New Hampsihre may be the first Eastern state to lower its tax on insurance companies as states continue to compete to attract more business. The issue is currently the subject of an economic impact study by Ernst & Young. The …
Insurers doing business in urban areas need to examine their business plans to make sure they understand how both the federal Terrorism Risk Insurance Act (TRIA) and unfair discrimination law could affect their business, according to the Urban Insurance Partners …
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 …
Massachusetts would spend an extra $1.7 million to hire additional amusement ride inspectors, force ride operators to boost liability insurance from $1 million to $5 million and create stricter education requirements for inspectors under a plan unveiled by Gov. Mitt …
The Supreme Court considered last week whether companies that voluntarily seek to clean up their polluted land can sue former owners to get help with the costs. The case could have important ramifications for communities with abandoned toxic plants, landfills …
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 …
Republican Candidates Favored ‘Big Time’ in Total Insurance Political Giving The late U.S. House Speaker Thomas P. “Tip” O’Neill (D-Mass.) is famous for insisting, “All politics is local.” Apparently, O’Neill wasn’t counting the money. When it comes to money in …
In a letter to Massachusetts Insurance Commissioner Julianne M. Bowler, 18 state senators have expressed concern over her plans to revamp the state’s high risk pool, known as CAR (Commonwealth Auto Reinsurers) through regulation. The senators urged Bowler to postpone …
N.H. Considers Premium Tax Cut; Insurer CEOs Update Big ‘I’ Agents Taxes, the favorite subject of politicians in New Hampshire, was a topic also on the minds of property casualty executives who gathered at the White Mountains’ imposing Mountain View …
Massachusetts Insurance Commissioner Julianne Bowler has approved plans to implement a limited servicing carrier program for the state’s commercial auto residual market as proposed by Commonwealth Auto Reinsurers (CAR) and backed by most within the insurance industry. The program is …
