Massachusetts has a capacity crisis not just an auto market crisis which is being played out most vividly on Cape Cod and could spill over into other lines if more and bigger companies are not attracted to the state, according …
Congressman Barney Frank (D-Mass.), the ranking Democrat on the House Financial Services Committee, will speak to members of the Independent Insurance Agents & Brokers of America (IIABA) during their National Legislative Conference next month. Frank will speak at a breakfast …
The lengths to which an auto insurer in Massachusetts may go to circumvent the state’s unique high risk pool has been brought to light by an unusual lawsuit filed by one insurer against one of its competitors. Hanover Insurance Co, …
A new flex-rating model for personal lines endorsed by state insurance lawmakers may be just the small step some states need to move away from restrictive regulatory environments, industry observers believe. “Flex rating is not for every state,” says Robert …
Maine Governor 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 in Maine. “I am pleased to renominate Al …
A survey, conducted by the Independent Insurance Agents & Brokers of New York Inc, found that “tens of thousands of home-based businesses in New York and eight other Northeast states are needlessly at risk because their owners thought they did …
Acordia, Inc. announced today that Renita Wolf is the new Vice President, Regional Controller for Acordia’s Central Region. Wolf is responsible for business planning, reporting, accounting and financial statements. She will be working from the company’s Colorado Springs office. Most …
The Massachusetts Division of Insurance has responded to concerns over the lack of homeowners insurance in coastal areas in the state. The Division confirmed that the Andover Group insurers, Cambridge Mutual Fire and Merrimack Mutual Fire, will next month start …
Pinnacle Training & Consulting is partnering with The Main Street America Group to make available a new series of personal and commercial lines training programs to independent agents. The new programs comprise: — CSR and New Producer Academies: One-week, personal …
The lack of availability of insurance for properties in Cape Cod coastal communities and in some Massachusetts urban areas has reached “crisis” proportion in the opinion of the state’s insurance agents, who are calling on lawmakers to increase the offerings …
