Legislative and regulatory activity affecting the insurance industry has increased considerably in 2009 compared to the previous two years, according to a new report. From January to July 2009, more than 10,000 pieces of legislation with potential effects on the …
Massachusetts’ largest health insurers say they plan to raise premiums by 7 to 12 percent next year, with small businesses — like insurance agencies — and individuals expected to face the biggest increases. Insurers surveyed by The Boston Globe predicted …
Massachusetts has introduced a new Web site that allows anyone to see if a business has workers’ compensation insurance. The Web site was launched by the Executive Office of Labor and Workforce Development. The site allows companies to verify proof …
The following announcment was released by the office of Senate Finance Committee Chairman Max Baucus (D,Mont.). Senate Finance Committee Chairman Max Baucus (D,Mont.) today introduced the America’s Healthy Future Act, landmark health care reform legislation to lower costs and provide …
Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE COVERAGE SUBTITLE A—INSURANCE MARKET REFORMS SUBTITLE B—EXCHANGE AND CONSUMER ASSISTANCE …
A Massachusetts Superior Court judge has allowed a lawsuit brought by residents and businesses served by electric utility Unitil to go forward. The 13 plaintiffs are seeking damages for losses incurred in an ice storm that hit the state in …
Massachusetts Insurance Commissioner Nonnie Burnes is stepping down from here role as chief insurance regulator to take a fellowship position at Notheastern University in Boston. Burnes resignation is effective at the end of the month, when she heads to her …
Massachusetts Insurance Commissioner Nonnie Burnes has laid out what she sees as the “fair” range of auto insurance premium increases for those drivers insured through the state’s residual market. In a letter to Commonwealth Automobile Reinsurers (CAR), the industry-run board …
AIG has paid an additional $900,000 to the Central Artery Tunnel (CA/T) Project in Massachusetts as part of an ongoing reconciliation of premiums and residual market payouts stemming from the insurer’s settlement of Big Dig workers’ comp premium issues with …
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
