Imagine you live in a town where anyone who dines out is required to buy a $200 bottle of champagne with their meal. That sounds crazy, but it is essentially what is happening to insurers in Michigan, where they are …
Surplus Battle “It’s pretty much as outrageously unconstitutional, illegal and in-your-face as it gets.” —Kevin Fitzgerald, a lawyer for the policyholders of New Hampshire’s Joint Underwriting Association (JUA), a state-created medical malpractice insurance fund from which lawmakers are trying to …
Liberty Mutual Agency Corp. Boston-based Liberty Mutual Group has announced that its subsidiary, Liberty Mutual Agency Corp. (LMAC) has filed a registration statement with the U.S. Securities and Exchange Commission for an initial public offering of shares of its common …
All Wisconsin drivers were required to carry auto liability insurance beginning June 1, but the question remains as to how many will follow the law. Only about 15 percent of the state’s drivers are currently uninsured, roughly the same percentage …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt and preferred equity ratings of Toronto-based Fairfax Financial Holdings Limited. Best also affirmed the ICR of “bbb” and unsecured debt rating of Crum & …
A jury says the New Hampshire Transportation Department was not responsible for a 2007 Interstate 93 crash that killed a 6-year-old boy. A jury in Rockingham Superior Court returned the verdict following a civil trial. A Canadian trucking company sued …
Hub International has acquired a New England-based retail agency that specializes in property/casualty insurance and related risk management services for the health care industry. Risk Transfer Insurance Alliance (RTIA) is based in Southborough, Massachusetts — with additional offices in Shelton, …
All Wisconsin drivers must carry auto liability insurance starting June 1, but it’s unclear how many will follow the law. Only about 15 percent of the state’s drivers are currently uninsured, which is roughly the same percentage as the national …
The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …
The tug-of-war over surplus money in a state-created malpractice insurance fund intensified Monday, with the insurance commissioner seeking to change the fund’s rules and the policyholders heading back to court. The Joint Underwriting Association fund was created by the Insurance …
