MASS. HIGH RISK HIGH JINX:
Most agents sporting a 149 percent loss ratio or even worse, a 300 percent loss ratio, would expect to be looking for a job in another line of work. Not so in the world of Massachusetts auto insurance. Hanover Insurance …
Late Spring Storms Slam the Midwest
The storms and tornado systems of late spring have once again struck cities and towns across the Midwest, with an estimated $63 million in insured damages announced by the time this magazine went to press. That estimate represents the total …
Homeowners
Nuts & Bolts: The Hartford Financial Service Group Inc. introduced a homeowners’ insurance program designed to meet the changing coverage needs of families over their lifetime. Highlights of the Hartford’s new homeowners plan are: broadened eligibility, including homeowners with no …
Bikers’ Complaint Over Mass. Rates Nixed
Motorcycle drivers upset with the way insurance rates are set in Massachusetts lost a court bid to force the state to reconsider the fairness of its rating system. The Supreme Judicial Court dismissed the complaint by the Motorcycle Association of …
Fla. Doctors Fed Up with Med-Mal Costs
Dr. Rene Loyola says he has given up just about everything to keep practicing medicine. The surgeon owns no home or land, and has no savings other than a retirement plan after 29 years in the profession. He says he …
R.I. Senate Backs Regional Health Plan
The Rhode Island Senate has approved legislation introduced by Sen. James C. Sheehan (D-Dist. 36) of Narragansett and North Kingstown to integrate Rhode Island’s insurance rules and regulations with those of Massachusetts in an effort to combine both states into …
Banknorth Establishes Captive for Roofers
Banknorth Insurance Group of Portland, Me., said it will provide a captive insurance program to RoofConnect, a national, non-profit professional roofing trade organization made up of more than 50 independent, commercial roofing companies throughout the U.S. The captive insurance program …
Tort Reform Convinces MassMutual to Re-Enter Miss. Municipal Bond Market
The MassMutual Financial Group, a global diversified financial services organization, announced that Massachusetts Mutual Life Insurance Company and its affiliates would re-enter the market for Mississippi municipal bonds following the passage of tort reform legislation in the state. “By enacting …
Mass. May Cut Interest Paid on Med-Mal Awards
Leaders in the Massachusetts Legislature are mulling changes in the law governing medical malpractice lawsuits that would reduce the amount of money people harmed by malpractice will receive when they successfully sue, a legislative source said. A House-Senate conference committee, …
AMA Labels Mass. 20th Med-Mal Crisis State
The American Medical Association is maintaining that Massachusetts has become the 20th state in a “full-blown medical liability crisis” due to its deteriorating medical liability climate and the growing threat of patients’ losing access to care. “The AMA is disheartened …
