Massachusetts News

MASS. AG SEEKS AUTO RATE CUT:

Following Up On His Previous Assertion That Auto Insurance In The State Is Too Profitable, Massachusetts Attorney General Thomas F. Reilly Has Called For A 6.2 Percent Cut In Private Passenger Auto Insurance Rates For Next Year. Reilly’s Proposal, Part …

CHICAGO CONFERENCE TO EXPLORE URBAN MARKETS:

The fourth national Urban Insurance Advantage workshop, organized by Urban Insurance Partners Institute, will be held Oct. 27, 2004, at the Hotel Sofitel in Chicago. Workshop speakers will address corporate strategies for success, risk management, and emerging issues that can …

People & Places

Dave Wyrsch The Independent Insurance Agents and Brokers of New Jersey (IIABNJ)swore in new officers for the 2004/2005 year at its 111th annual conference in Newport, Rhode Island. Dave L. Wyrsch, Sr., of The Van Dyk Group in Beach Haven …

Four Companies Honored with Best Practices Award at Big ‘I’ Conference

Four national insurance companies have been presented the “Best Practices Award of Excellence” at the 2004 Big “I” Convention in Orlando, Fla.. Honorees were St. Paul Travelers, Safeco Insurance, Zurich North America-Small Business and MetLife Auto & Home. The award …

SAN Group Continues Growth with 13 New Members

The SAN Group, which bills itself as the largest network of independent insurance agencies in the Northeast, continues its rapid growth, having added a total of 13 new independent agency members during the third quarter of 2004 and bringing the …

Ambassador Bremer Tells Agents Saddam Ouster Was Right to Do But U.S. Troop Levels Were Wrong

Ambassador L. Paul Bremer, who spent 14 months as head of the U.S. provisional government in Iraq, said he is convinced it was necessary to oust Saddam Hussein, but the United States paid a price for not having enough troops …

Mass. Delays High Risk Rule Hearing Until Oct. 20

Massachusetts Insurance Commissioner Julianne Bowler has postponed the second public hearing into changes to the state’s high risk sharing pool that was scheduled for today until Oct. 20. The Division of Insurance notice said that concluded that “the scope of …

Mass. Indicts ‘Big Dig’ Workers for Comp Fraud

Four men, including three “Big Dig” workers, were indicted last week in Massachusetts in unrelated cases for allegedly receiving workers compensation payments totaling more than $300,000 while holding down other jobs, according to Attorney General Tom Reilly. The indictments were …

Emerging Markets Executives Share Success Strategies

While emerging markets are gaining national attention as the new frontier of financial services marketing, they pose special challenges to corporate managers, according to the Urban Insurance Partners Institute (UIPI), a nonprofit emerging markets resource. “Insurers are trying different models …

Final Mass. Auto Rate Bid Filed: 1%

The last bid in the process of setting 2005 Massachusetts private passenger auto insurance rates is in. The State Rating Bureau (SRB), the consumer arm of the Division of Insurance, has recommended that rate go up just slightly, an average …