Boston-based ProMutual Group, the largest provider of medical malpractice insurance in New England, has commented favorably on the recent reaffirmation of its “A-” (Excellent) rating by A.M. Best. The bulletin noted that Best had said the rating is based on …
Massachusetts’ Attorney General Tom Reilly is appealing the Division of Insurance’s December 15 ruling, arguing that a 2.5 percent increase in the cost of auto insurance is unwarranted and will result in close to $100 million in additional costs for …
The Massachusetts Division of Insurance and the Automobile Insurers Bureau are in a legal fight with the Massachusetts Motorcycle Association, which has filed suit in the state’s highest court, claiming the Commissioner of Insurance’s rate decision for 2004 was unfair …
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 …
Underwriters at Lloyd’s of London have appointed Connecticut-based William Kramer & Associates (WKA) as the sole claim loss insurance adjuster for the Massachusetts Turnpike Authority (MTA). WKA has extensive experience in loss control, including work on the largest highway project …
Gerald L. Zimmerman, Senior Counsel for the National Association of Independent Insurers, followed up yesterday’s letter to a Wall Street Journal editor (See IJ Website Dec.23), with a letter to Steve Smith, Editorial page Editor of The Republican, praising his …
State insurance regulation is at a critical crossroads and achieving regulatory modernization in states in 2004 must be a top priority for insurers and state regulators, the National Association of Independent Insurers (NAII) told the NAIC Industry Liaison Committee during …
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 Insurannce Journal East, one of …
In an open letter to Paul A. Gigot, Editor of the Wall Street Journal’s Editorial Page, the National Association of Independent Insurers expressed its strong support for reforming Massachusetts’ auto insurance regulations. The letter, signed by NAII General Counsel Gerald …
Robert J. Vaudreuil, president and CEO of The Protector Group Insurance Agency, Inc., one of New England’s largest independent insurance agencies, has been elected chairman of the board of The Massachusetts Association of Insurance Agents. The MAIA is the “leading …
