Contingent commissions for agents and brokers should be watched by regulators but these profit-sharing arrangements do not necessarily have to be eliminated, according to a leading insurance consumer advocate. “I think they need to at least be regulated and moderated,” …
Antique Home Insurance Nuts & Bolts: MiddleOak is offering the insurance designed exclusively for antique homes. Comprehensive coverage (similar to a high value home policy) for pre-1930 homes with coverage at $250,000 to $5 million. Endorsed by a historical trust. …
The 400 insurers of the American Insurance Association have seen the favorable results for the public as well as insurers when states have worked to increase competition and relax unproductive regulatory restraints. Recent legislation in Massachusetts (H. 1023) makes great …
The Main Street America Group announced that Steve Berry has joined the super regional property/casualty insurance carrier as president of its New England Region. Berry, who has background leading property/casualty sales operations in the New England marketplace, will report to …
New vehicles would need to offer more safety features to address backovers and other potentially devastating accidents involving children under legislation approved this week by a Senate committee. Automakers would be required to address broad blind zones in large sport …
A.M. Best Co. has downgraded the financial strength rating (FSR) to “B+” (Good) from “A-” (Excellent) and issuer credit rating (ICR) to “bbb-” from “a-” of Merchants Insurance Company of New Hampshire, Inc. As a result Best removed the ratings …
Tyco International Ltd. has agreed to pay about $3 billion to settle shareholder claims from one of the largest corporate fraud cases ever, ending uncertainty over the outcome of the legal battle as it prepares to split into three companies. …
A Hampton, N.H. woman who delivered a stillborn baby hours after a crash two years ago is suing the other driver. Kelly Marie was eight months pregnant when a pickup truck sideswiped her car. She delivered the baby girl three …
Lou Stanzione has joined wholesale broker The Demetriou Group as director of commercial lines. Stanzione brings a decade of wholesale brokerage experience from Zaloom Associates where he began as marketing vice president and was promoted to president. He also spent …
Lansing, Mich.-based Accident Fund Insurance Company of America recently named Al Gileczek as its vice president of Business Development Regional Operations. In his new role, Gileczek oversees Accident Fund’s national underwriting practices, sales strategies, research, and regional growth and development. …
