Massachusetts News

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In one sense we’re the new kid on the block, but in other ways we should be a familiar presence. The Insurance Journal has been around since 1923, the year it began publication as a local Southern California insurance magazine. …

MASS. AUTO RATES NEED REFORM:

Auto rates in Massachusetts are expected to average $1047 in 2004, up from $936 in 2001, and political leaders say they are willing to consider whether competition can hold down costs better than the state’s unique one-size-fits-all insurers system. Republican …

MASS. INSURER NEWBURY MERGES INTO DORCHESTER MUTUAL:

Massachusetts officials have approved the merger of West Newbury Mutual Fire Insurance Co., a Massachusetts domiciled company, into Dorchester Mutual Insurance Co., also a Massachusetts company. The purpose of the merger is to streamline operations for their common parent, Norfolk …

GL for Colleges, Universities

Nuts & Bolts: EdChoice, Schinnerer’s insurance program for small to mid-size colleges and universities, has added general liability coverage for exposures such as corporal punishment, athletics or sports activities, abuse and molestation, host liquor, as well as limited pollution coverage. …

No More Tea Parties in the Bay State

The U.S. Census Bureau’s Census 2000 estimated the population of the state of Massachusetts at 6,379,304. Approximately 85 percent of the adult residents residing in the state had graduated from high school and more than 33 percent had earned a …

Healthcare Environmental Liability

Nuts & Bolts: Helix Insurance has a market for healthcare environmental liability. Dollars: $1 million per claim/$5 million aggregate. Deductibles of $0 physician groups/$5,000 institutions. Minimum premium of $2,000. Carrier: USF Insurance Co., “A”-rated. Non-admitted market. States Available: Alabama, Arkansas, …

Medford Man Sentenced for Conspiracy and Tax Fraud, in Workers’ Comp Scam

Roland Joy of Medford Mass. has been sentenced by U.S. District Judge Rya W. Zobel to 4 months’ imprisonment, to be followed by 2 years of supervised release, the first 4 months of which are to be served in home …

NAMIC Report Details State Tort Reform Efforts

A report detailing state legislative efforts to reform the U.S. civil justice system was recently released by the National Association of Mutual Insurance Companies (NAMIC). The report, part of a NAMIC series regarding state laws and legislative trends, furnishes a …

NAII, Alliance Members Vote to Form PCI

Member companies of both the National Association of Independent Insurers (NAII) and the Alliance of American Insurers voted Jan. 7 to merge and form a new trade association known as the Property Casualty Insurers Association of America (PCI). The new …

NAII Calls Mass. AG’s Auto Rate Decision Appeal “Politics as Usual”

Even if the National Association of Independent Insurers is busy merging with the Alliance of American Insurers (See related national article), its general counsel, Gerald L. Zimmerman, has been keeping an eye on events. He blasted Massachusetts Attorney General Thomas …