Massachusetts Insurance Commissioner Linda Ruthardt sided with consumer advocates and called for a 8.3 percent overall decrease in personal auto rates for 2001. Following the decision, representatives from the auto insurance industry, which had suggested a .7 percent increase in …
Eight Massachusetts insurance companies have opted out of a state program that promises permanent tax cuts in exchange for five years of voluntary community investment, according to a report by the Massachusetts Association of Community Development Corporations. Led by Commerce …
State Farm Mutual Automobile Insurance Company is implementing a new auto insurance discount. Using its actual claim payments for driver and passenger injuries by make and model of vehicle, the company is awarding discounts of up to 40 percent on …
Significant changes in Ohio have enhanced the performance of the state’s workers’ comp system, particularly in speeding the payments of benefits to injured workers, but there are opportunities for further progress, according to a recent study by the Workers Compensation …
On Nov. 17, the U.S. Office of Thrift Supervision (OTS) cleared an application by the Independent Insurance Agents of America (IIAA) and W.R. Berkley Corp. to establish a new federal thrift by the name of InsurBanc. The regulatory action comes …
On Nov. 17, the U.S. Office of Thrift Supervision (OTS) cleared an application by the Independent Insurance Agents of America (IIAA) and W.R. Berkley Corp. to establish a new federal thrift by the name of InsurBanc. The regulatory action comes …
The FSR on Lumber Mutual Insurance Co. was revised from “BBBpi” to “R” by S&P. The rating action also applies to Lumber Mutual’s three affiliated pool members. Massachusetts Insurance Commissioner Linda Ruthardt recently filed a petition seeking an order of …
Massachusetts Attorney General Thomas Reilly joined the State Rating Bureau yesterday in urging state insurance regulators to cut personal auto insurance rates. The AG’s office called for a 10 percent decrease. The State Rating Bureau has suggested a 12.9 percent …
InsurBanc, a full-service federal savings bank, co-owned by the Independent Insurance Agents of America (IIAA) and W.R. Berkley Corporation, was granted conditional approval by the Office of Thrift Supervision (OTS). InsurBanc, which will provide an array of banking products to …
Thieves continue to find sport utility vehicles, pickup trucks, and mini-vans attractive targets. According to a new study conducted by the National Insurance Crime Bureau, a not-for-profit insurance organization committed to combating vehicle theft and insurance fraud, nearly one-third of …
