The proposed Travelers-St. Paul merger has received another endorsement as the Massachusetts Division of Insurance has given its approval to the acquisition by St. Paul of Premier Insurance Co., the Massachusetts stock company that is a wholly owned subsidiary of …
Massachusetts officials, searching for ways to ease a homeowners insurance availability crisis on Cape Cod and other coastal areas, are researching how Florida dealt with its insurance difficulties 10 years ago when it set up a tax-exempt reinsurance fund after …
Injured workers located in Massachusetts and Pennsylvania report more satisfactory outcomes than their counter parts in Texas, according to a study by the Workers’ Compensation Research Institute (WCRI). The study, Outcomes for Injured Workers in California, Massachusetts, Pennsylvania and Texas, …
Connecticut Insurance Commissioner Susan Cogswell has approved the acquisition of Travelers Property Casualty Corp. in Hartford by St. Paul Companies Inc. of Minnesota. In her approval order, Cogswell took the companies up on their promise to keep the combined St. …
Maine Gov. John E. Baldacci has reappointed Alessandro A. Iuppa as superintendent of the Maine Bureau of Insurance. The bureau is responsible for overseeing the 950 insurance companies and 35,000 agents licensed to do business in Maine. The appointment is …
Hanover Insurance Co, a unit of Allmerica, has upped the stakes in the battle over high risk auto business in Massachusetts by suing for $20 million it says it has suffered in losses plus damages because of an alleged unfair …
Nuts & Bolts: Massplate Glass Insurance Agency solves the problem of commercial tenants finding glass insurance to satisfy their lease requirements. This easy to use product features fixed limits and premiums, has a zero deductible, and includes board-up coverage. Dollars: …
For larger risks, a self-insurance plan might be the right fit As premiums for workers’ compensation rise, employers across the United States are looking for alternative ways to cover their risks. Some employers have found self-insurance programs to be one …
Workers’ Compensation Research Institute, based in Cambridge, Mass., unveiled CompScope, a new tool that annually tracks changes in state trends and system performance. It compares more than 60 performance measures for 12 large states: California, Connecticut, Florida, Illinois, Indiana, Louisiana, …
Nuts & Bolts: Arrowhead Managed Insurance Programs is offering a new market for general contractors liability. Dollars: Minimum deductible SIR of $10,000. Minimum premium, $50,000, policy limits: $2 million to $5 million. Carrier: American Safety Indemnity Company, rated “A 7.” …
