Massachusetts News

N.J. Maintains Top Auto Insurance Premium Figures Reflect Years of ‘Suffering’ Before 2003 Reforms

New Jersey Banking and Insurance Commissioner Holly C. Bakke wasted little time in putting the latest numbers showing the state with the highest average auto insurance premium — $1,113 — in perspective. Those numbers from the national Association of Insurance …

Mass. A.G. Reilly Calls for 6.2% Cut in Auto Rates

Following up on his previous assertion that auto insurance in the state is actually too profitable, Massachusetts Attorney General Thomas F. Reilly has now called for a 6.2 percent cut in private passenger auto insurance rates for next year. Reilly’s …

Mass. Carnival Rides Face Inspections Following Death

Every mobile carnival ride in Massachusetts will get an inspection by years’ end, and a task force will look into stricter safety rules after a fatal accident at a church fair in Shrewsbury last weekend. Six certified inspectors will look …

Grand Jury Indicts 16 Including Lawyers and Agent for Alleged Lawrence, Mass. Auto Fraud

Sixteen people, including three lawyers and four chiropractors, have been indicted by a special grand jury in Essex County for their alleged involvement in auto insurance fraud in Lawrence. The 16 were summonsed for arraignments today, Sept. 24, in Salem …

Probe of Fatal Carnival Accident in Mass. Underway

The U.S. Consumer Product Safety Commission is investigating the carnival ride accident that killed one rider and injured two others at a church fair in Shrewsbury, Mass. Andrew R. Fohlin, a 38-year-old resident of a nearby home for the mentally …

WCRI November Conference to Have a Texas Focus

The Workers’ Compensation Research Institute announced that it’s annual Issues & Research Conference, to be held Nov. 10-11, 2004, in Cambridge, Mass., will feature a session on the Texas workers’ comp system. The Texas session is entitled, “TEXAS – Wrestling …

Pilgrim Insurance Lands Excellent Mark from Best

Pilgrim Insurance, a unit of The Plymouth Rock Group of Companies, announced receipt of an initial rating of A-/ Excellent from A.M. Best. Pilgrim, a business process outsourcer for Massachusetts auto insurance, has received the positive rating upon the company’s …

Insurers Hope to Put Off TRIA’s Sunset

Regardless of whether George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a good chance of getting its wishes when it comes to extending the federal Terrorism Risk Insurance …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractor’s liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

Insurers Hope to Put Off TRIA’s Sunset

Regardless of whether President George W. Bush is re-elected or John Kerry moves into the White House, the property/casualty insurance industry appears to have a good chance of getting its wishes when it comes to extending the federal Terrorism Risk …