A.M. Best Co. announced that it has upgraded the financial strength ratings of Massachusetts-based Allmerica Financial Corp.’s P/C companies (AFC) to “A-” (Excellent) from “B++” (Very Good). Life and health companies were upgraded to “B+” (Very Good) from “B-” (Fair), …
Workers’ compensation costs per claim in Pennsylvania continue to grow, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass-based WCRI found that costs per claim rose 8.5 percent per year on …
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 National Association of Mutual Insurance Companies has issued a bulletin applauding Governor Mitt Romney’s call for reform of the Massachusetts automobile market. In his State of the State address, the governor blamed the state’s regulatory system for the high …
Charles N. Robinson announced the recent addition of Michael C. Robinson to Rogers & Gray Insurance Agency, Inc., as an account executive in their commercial lines department, working from the agency’s South Dennis office. Mixhael Robinson joined the agency last …
The Property Casualty Insurers Association of America has recommenced its attack on the restrictive Massachusetts auto market, noting that just as the number of companies writing private passenger auto insurance in the state has continued to decline in recent years, …
The Commerce Insurance Company announced that it has filed a request with the Massachusetts Division of Insurance for a five percent discount from the 2004 private passenger automobile fixed and established rates for AAA members in the state. If approved, …
The Insurance Journal conducted a month-long readers’ poll to determine who’s who in the insurance world. Ballots were cast to name the most influential on the contemporary insurance scene. While the leader of our poll turned out to be the …
San Diego-based Wells Publishing Inc., publisher of the Insurance Journal (IJ) magazine and Online Daily Newsletter, has merged with the InsuranceTimes, a Boston-based insurance industry publication for the northeastern U.S. InsuranceTimes will be known as Insurance Journal East, one of …
The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no heartland state has a crisis as acute as …
