Massachusetts News

Mass. Gov Urged to Veto Comp Provision in Budget

The Property Casualty Insurers Association of America (PCI) and several other insurance industry groups are urging Massachusetts Gov. Mitt Romney to veto a section of the 2004 supplemental budget dealing with the payment of $35 million to third party administrators …

Boston’s Insurance Professional of the Year Award to be Presented to David Lane, Agent and Representative

The Insurance Library Association of Boston will present its annual Insurance Professional of the Year Award to industry leader and public servant, David J. Lane, an owner and chairman of Hastings Tapley Insurance Agency, based in Woburn and now part …

Industry Seeks Clarification of Mass. Residual Market Changes; Commerce Touts Own Transition Plan

Massachusetts Insurance Commissioner Julianne Bowler has asked Commonwealth Auto Reinsurers (CAR) to revise its proposed residual market plan but CAR governing committee members have questions they need answered before they implement the changes she requested. The new plan, known as …

Mass. Man Nabbed for Insurance Fraud

A Hopkinton, Massachusetts man has pleaded guilty to misrepresenting to a contractor that he had workers’ compensation coverage for his employees and then filing a bogus claim with his homeowners’ insurance company when one of his employees was hurt on …

Mass. Painter Gets Coated on Obstruction Charges

An Agawam, Massachusetts paint contractor was convicted this week in federal court for reportedly obstructing a federal racketeering investigation. United States Attorney Michael Sullivan; Kenneth Kaiser, Special Agent in Charge of the Federal Bureau of Investigation; and Joseph Galasso, Special …

The Race For Delaware Insurance Commissioner: The Advocate Vs. The Conciliator

INSURANCE JOURNAL PUTS CANDIDATES DENN AND ENNIS ON THE RECORD, ON THE ISSUES September 7, 2004–Delaware voters face a choice in this year’s election for state insurance commissioner between a Democratic counsel to the current governor who vows to “stand …

Ease of Doing Business Plays a Critical Role When Choosing Carriers

How does the carrier-agency relationship affect the buying decision? More pointedly, how does the ease—or difficulty—of doing business with a carrier affect the agent’s decision of whether to place more or less of their business with that carrier? These questions …

Long-Term Health Care Costs Loom Large for Governors

Soaring health care costs, coupled with the looming retirement of a record 77 million Americans starting in 2011, are casting a shadow of concern over states that worry their public health care systems can’t shoulder the burden of the aging …

People and Places

Ernst Csiszar The Property Casualty Insurers Association of America (PCI) has named South Carolina Director of Insurance and current president of the National Association of Insurance Commissioners (NAIC) Ernst N. Csiszar to serve as the association’s next president and chief …

MASS. AUTO PLAN NOT READY YET:

Parties hoping to change the way Massachusetts handles its high risk auto market have some more work to do. Massachusetts Insurance Commissioner Julianne Bowler has ordered Commonwealth Auto Reinsurers (CAR) to amend its proposed assigned auto insurance plan before she …