Massachusetts News

InsureVianet Rolls Out New Program to an Additional 16 States and District of Columbia

InsureVianet announced today it has expanded the number of states for its online Executive Liability Suite by 16 additional states and the District of Columbia, bringing to 38 the total number of states in which the company offers its online …

Neb. Joins Va. in Limiting Liability Under Standard Fire Policy

Gov. Mike Johanns, a Republican, made Nebraska the second state to enact a law that changes the Standard Fire Policy Act related to commercial insurance policies. Virginia was the first state to take such action late last month, and Minnesota’s …

Alliance Hails Minn. Action on Standard Fire Policy

The Alliance of American Insurers is urging Minnesota’s governor to sign into a law a measure that will go a long way toward stabilizing the state’s commercial insurance market. The bill (House File 267) passed the Senate yesterday by a …

Industry Must Improve Regulatory Procedures, Ethics Group Says

The Insurance Marketplace Standards Association (IMSA) called for industry leaders to step up and take charge of efforts to improve regulatory procedures. IMSA executive director Brian Atchinson warned, The industry needs to move quickly and decisively to fix what’s wrong …

The Hartford Named to Business Ethics’ List of 100 Best Corporate Citizens

The Hartford Financial Services Group announced that the company has been honored by Business Ethics magazine as one of the country’s 100 best corporate citizens. “For nearly 200 years, the foundation of The Hartford’s success has been based on a …

Alliance Says MA ‘Choice of Law’ Bill “Would Put State’s Companies at Disadvantage in Contract Disputes”

In testimony before the Massachusetts Joint Committee on Commerce and Labor the Alliance of American Insurers indicated that a proposed revision to the Uniform Commercial Code being considered by the legislature “could place the computer systems of insurers and other …

MA Consumer Affairs Office Urges Caution on Travel Insurance

Massachusetts Consumer Affairs Director Beth Lindstrom has issued a bulletin urging the public to exercise caution when considering the purchase of travel insurance policies. The warning comes as a result of “the prevailing uncertainty accompanying war in the Middle East …

Alliance Comments on VA’s Changes to Standard Fire Policy Act

The Alliance of American Insurers has issued a bulletin noting that Virginia Governor Mark Warner has signed into law the nation’s first piece of legislation aimed at changing the Standard Fire Policy Act related to commercial insurance policies. The changes, …

MA CPCU Society to Hold Workshop on Commercial General Liability

A half-day workshop, examining “2001 Commercial General Liability – Important Changes and Tips, Tricks, & Traps” is to be presented by the CPCU Society, co-sponsored by the Massachusetts Chapter, on April 24. The workshop will take place at the Holiday …

Control of Medical Costs in Texas Workers’ Comp System is Vital

Texas is a king size state with king size problems regarding medical care costs in its workers’ compensation system. However, Texas’ workers’ compensation system is not alone in facing escalating medical care costs. The growth in overall medical costs is …