Thirty-five states have adopted an approved Insurance Services Office (ISO) mold limitation for homeowners coverage, which allows insurers to exclude coverage for loss caused by mold and wet or dry rot, unless the conditions result from a covered peril. According …
The substantial variation in workers’ compensation medical fee schedules among the states is not related to the different costs health care providers incur delivering medical services to injured workers, according to a new study by the Workers Compensation Research Institute …
The license of James Falzone, an insurance broker based in Waltham, Mass., was revoked after he allegedly collected $2,900 from a taxi company for coverage and then never purchased a policy for the client. The Daily News Tribune reports that …
The Massachusetts Office of Consumer Affairs and Business Regulation (OCABR) announced the finalization of its new telemarketing regulations, which include changes recommended by the National Association of Independent Insurers (NAII). The NAII suggestions include one that entities making unsolicited calls …
Massachusetts Insurance Commissioner Julie Bowler announced a 2.7 percent auto insurance rate increase for 2003 after rejecting an average rate increase request by insurers of 7 percent. The smaller rate increase translates into an annual average premium increase of $25.81 …
For this end-of-the year edition of Insurance Journal, we looked at some unique or interesting programs and found eight that grabbed our attention. Obviously they do not represent a comprehensive list, which is admittedly a subjective one. Don’t get mad …
A recent report by issued by the Alliance of American Insurers shows that despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in 2000. The report, “Residual Markets …
For this end-of-the year edition of Insurance Journal, we looked at some unique or interesting programs and found eight that grabbed our attention. Obviously they do not represent a comprehensive list, which is admittedly a subjective one. Don’t get mad …
Eugene Cox, Bermuda’s Finance Minister, reacted angrily to calls from several state officials, including California Treasurer Phil Angelides, to drop 10 “offshore” companies, including ACE and XL, from Standard & Poor’s 500 stock index. The demands are the latest round …
Despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in 2000 as revealed in the latest edition of the Alliance of American Insurers’ report “Residual Markets Automobile Insurance …
