California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge, Mass.-based Workers’ Compensation Research Institute. California has …
The auto insurance market has come a long way since Travelers wrote the first third-party policy for Gilbert J. Loomis’s one-cylinder car in 1897. “I’ll never insure a gasoline can on wheels,” declared Insurance Company of North America President Charles …
A.M. Best Co. announced that it upgraded the financial strength ratings of Massachusetts-based Allmerica Financial Corp.’s P/C companies (AFC) to “A-” (excellent) from “B++” (very good). AFC’s debt ratings were upgraded to “bb+” from “bb” for senior debt, “bb-” from …
A new report by the Property Casualty Insurers Association of America (PCI) shows that residual market plans for private passenger auto insurance continue to result in significant losses for insurance companies. But one state, South Carolina, has turned the corner …
If you’re asked to participate in the 2004 private passenger auto insurance agency cost study, it’s crucial for your future to do so. That’s the message the Massachusetts Association of Insurance Agents (MAIA) is hammering home to members as its …
OneBeacon Insurance Group LLC, a wholly owned subsidiary of Bermuda-based White Mountains Insurance Group, Ltd., announced that it has been endorsed by the Connecticut Retail Merchants Association (CRMA) as its preferred provider of business-insurance products for CRMA members. “This represents …
The U.S. Attorney’s Office in Boston announced that “Anthony Snow, age 43, of 1810 Dorchester Avenue, Dorchester, Massachusetts, pleaded guilty before U.S. District Judge Patti B. Saris to an Information charging him with six counts of mail fraud and three …
The Property Casualty Insurers Association of America praised the actions of the Massachusetts Legislature’s Joint Committee on Commerce and Labor for its approval of a bill, HB 1622, that would protect Massachusetts businesses from legal attacks resulting from the application …
The National Association of Mutual Insurance Companies has selected Tami Stanton, former vice president of the Insurance Institute of Indiana, as state affairs manager for the Northeast United States. She will be pursuing the NAMIC’s strategic objectives before state legislatures …
Our region has been “enjoying” the glories of Old Man Winter recently, so it’s at least marginally appropriate to present our Excess and Surplus Lines issue. Everyone who’s anyone is there, and we trust it will serve as your E&S …
