The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has announced plans to conduct a review of how the agency can best monitor and assess the safety of the nation’s motor carriers and ensure their compliance with federal …
The Massachusetts Association of Insurance Agents (MAIA) has filed for an average agency commission on private passenger auto insurance of $150.84 per vehicle, a 32 percent increase from the current $114 average. MAIA filed its recommendation with the Division of …
Although Tropical Storm Hermine is currently around 450 miles (720 kms.) off the coast of North Carolina, its projected path puts it on a course for the Northeastern U.S. by later this week. Hermine isn’t a hurricane, but it still …
CitiGroup (New York, N.Y.), Wells Fargo & Company (San Francisco, Calif.), and BB&T Corporation (Charlotte, N.C.) lead bank holding companies in insurance brokerage fee income year-to-date through June 30, 2004, according to Michael White Associates LLC (MWA). These findings are …
Seven gay couples recently denied marriage licenses in Connecticut have filed a lawsuit challenging the constitutionality of the state’s marriage laws, which exclude same-sex couples. All seven couples applied for the licenses in Madison, a shoreline town east of New …
Massachusetts Insurance Commissioner Julianne Bowler has ordered Commonwealth Auto Reinsurers (CAR) to make some changes to its proposed assigned auto insurance plan before she will approve it. While commending the proposed Massachusetts Assigned Insurance Plan (MAIP) as a “solid framework …
The leading writer of auto insurance in Massachusetts says it opposes the changes to the state’s residual market not because it fears competition or dislikes the assigned risk plan concept but because it fears liability exposure from the way the …
The Liquor Liability Joint Underwriting Authority (LLJUA) of Massachusetts has taken advantage of a new law and filed to write higher occurrence policy limits of $1 million/$1 million. By law, the LLJUA had been limited to writing $500,000/$1 million limits …
Gregory E. Murphy, Selective Insurance Group, Inc. chairman, president and CEO announced the following executive appointments: Michael H. Lanza (Brookline, Mass.), to senior vice president, general counsel. Lanza joined Selective in July 2004 with extensive securities, compliance and insurance experience. …
The leading writer of auto insurance in Massachusetts says it opposes the changes to the state’s residual market not because it fears competition or dislikes the assigned risk plan but because it sees a liability exposure from the way the …
