Massachusetts News

Great Lakes Chapter of AICP Sponsors Education Day

The Great Lakes Chapter of the Association of Insurance Compliance Professionals (AICP) is sponsoring an Education Day Thursday, March 20, at the Clarion Barcelo Hotel, 5615 North Cumberland, Chicago. The conference will feature representatives from various insurance departments who will …

IIABA Praises President for Reauthorization of Flood Insurance Program

The Independent Insurance Agents & Brokers of America (IIABA) is commending the responsiveness of Congress and President Bush for approving legislation that reauthorizes the National Flood Insurance Program (NFIP). President Bush signed the enacting legislation into law Jan. 13. The …

Fireman’s Fund Seeks 10 Percent Auto Discount in Mass.

Fireman’s Fund Insurance Company announced that it plans to file a request with the Massachusetts Division of Insurance to give a 10 percent discount to its best private passenger automobile customers in the state. “The proposed discount covers ‘Step 9’ …

Oxley Forecasts Insurance Issues Awaiting the 108th Congress

For more than a year, the issue of federal backstop legislation for terrorism risk has dominated Congress’ attention when it comes to insurance industry issues. Now that the Terrorism Risk Insurance Act has been passed and signed into law, federal …

AAI Promotes O’Brien to V.P.

Frank O’Brien has been promoted to vice president, regional manager and counsel of the Alliance of American Insurers’ (AAI) New England Region. The promotion to vice president “recognizes Frank’s exemplary work in maintaining close relationships with members in his region,” …

IIABA to Pursue Ambitious Agenda in 108th Congress

With the much-anticipated 108th Congress convening Tuesday, the Independent Insurance Agents & Brokers of America (IIABA) said it is prepared to wage a proactive lobbying effort on behalf of independent agents and brokers in 2003. “We are confident that the …

Pa. Governor Approves NAIC Producer Licensing Model Act

Pennsylvania Gov. Mark Schweiker has approved the National Association of Insurance Commissioners’ Producer Licensing Act in a move applauded by the American Insurance Association (AIA). Language concerning departmental authority, appointment termination, and fee sharing took effect immediately on Dec. 6, …

Blizzard Batters Midwest, then Northeast – A Real White Christmas

A powerful blizzard roared through the Midwest and moved on into Pennsylvania, New York and New England over Christmas bringing record snowfalls for this time of year and blanketing a wide swath of the U.S. with a real “White Christmas.” …

Superior Access Adds National Market for D&O and EPLI

Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …

Harleysville Ratings Affirmed

A.M. Best Co. has the financial strength ratings of “A” (Excellent) of Harleysville Insurance’s pool members (Harleysville) (Harleysville, Pa.). Concurrently, A.M. Best has affirmed the “a-” debt rating of Harleysville Group Inc.’s (HGIC) existing senior notes. A positive rating outlook …