Massachusetts News

Arizona Auto Rates Increased 2% in Past 6 Months

The median six-month auto insurance rate in Arizona has increased approximately 2 percent over the past six months to reach $829 according to InsWeb, an online insurance comparison provider. Among the other statistics the provider found were: Men in Arizona …

Former Mass. Commissioner Singer Joins Everest Re Board

The Bermuda-based Everest Re Group announced the appointment of Roger M. Singer to its Board of Directors, effective February 24, 2010. He formerly served as Senior Vice President, General Counsel and Secretary for One Beacon Insurance Group LLC from 1989 …

Obama, Republicans Clash at Healthcare Summit

President Barack Obama and Republicans clashed frequently Thursday at a summit on his stalled healthcare overhaul, battling over the size and cost of the proposal and moving no closer to a compromise agreement. Obama told about 40 congressional leaders his …

Will Gay Marriage Bring New Marketing Opportunities for Agents?

In business, change brings opportunity. And when it comes to states that have recently legalized gay marriage, some see a marketing opportunity in selling insurance products for wedded gay couples. The “gay market” in the United States is huge, according …

Beecher Carlson to Refund $90K Under Massachusetts Settlement

Insurance brokerage Beecher Carlson will refund over $90,000 to several Massachusetts clients who were not told the firm was receiving commissions from insurers in addition to client-paid fees, as part of a settlement with the Massachusetts attorney general’s office. Seven …

Obama Hopeful, Republicans Wary as Healthcare Summit Takes to Airwaves

President Barack Obama launches a last-ditch bid to salvage his stalled healthcare overhaul Thursday at a televised summit that could offer more potential for political theater than problem solving. After months of heated battle over healthcare reform in the Congress, …

Obama Offers New Plan to Revive Health Care Push

President Barack Obama tried to rejuvenate his stalled U.S. health care overhaul Monday with a revised plan to make insurance coverage more affordable and bolster federal authority to regulate premium hikes. The proposal comes three days ahead of a bipartisan …

Hanover to Exit Louisiana Homeowners Market, Then Re-Enter

In a move he says will prevent the addition of policies into Louisiana Citizens Property Insurance Corporation’s book of business, Louisiana Insurance Commissioner Jim Donelon has approved an agreement with The Hanover Insurance Group that will keep Hanover’s 14,000 Louisiana’s …

M&A Activity at Decade Lows

Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …