October 20, 2008
People who have switched policies, and everyone who must renew them in the future, could lose their appellate right under the new regulations. The Massachusetts insurance commissioner, addressing a concern of some insurers, is considering eliminating the unique right under …
October 20, 2008
Have the free-wheeling, capitalism-at-all-cost titans of business who maintain the market will fix all ills had their day — at least for now? For the last 30 years deregulation has been all the rage — from the airline industry to …
October 20, 2008
Calabasas, Calif.-based Lionheart Insurance Services hired Pat Piccinonno and Joe Weckerle Jr. to head its newly opened Irvine, Calif., office. Piccinonno, appointed president, has 35 years of insurance management and production experience, most recently with R.E. Chaix, Black/White and Yates …
October 20, 2008
The Massachusetts Registry of Motor Vehicles will cut branch hours as it scales back amid a massive, statewide budget cut. The RMV saw $2 million chopped from its budget as part of $1 billion in cuts and spending controls announced …
October 20, 2008
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. Medi-Tourism Professional Liability Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional …
October 20, 2008
As employers, taxpayers, consumers and charitable contributors, Massachusetts’ independent insurance agents make a $1.9 billion cumulative contribution to the Bay State’s economy last year, according to a new study by the Massachusetts Association of Insurance Agents (MAIA), a trade group. …
October 20, 2008
With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months. Further-reaching regulation is almost certain. Previously obscure corners of the industry now subject to few rules, such as …
October 20, 2008
West Bend Mutual Insurance Company of Wisconsin (No. 1), Central Mutual Insurance (No. 2), Safety Insurance (No. 3), Frankenmuth Insurance (No. 4), and Selective Insurance (No. 5) earned the top five spots when it comes to Ease of Doing Business …
October 20, 2008
Five years after the creation of Massachusetts’ first local anti-insurance fraud team, the state’s Insurance Fraud Bureau says the combined local task forces have charged over 1,000 people with insurance fraud. The crackdown stems from a network of 11 separate …
October 20, 2008
Kneed in Rhode Island “We will work to remedy the issues that have been raised.” —Spokeswoman Linda Shelton of Miriam Hospital in Providence, Rhode Island, commenting on a surgical team that performed arthroscopy on the wrong knee of a patient …