Vermont Mutual Latest to Exit Cape Cod Mass. Homeowners Market
East News • January 26, 2006
Another insurer has decided it can't continue to write homeowners insurance policies on Cape Cod.
Starting April 1, Vermont Mutual will stop renewing about 4,700 homeowners and 400 dwelling ...
Insurance Journal is not responsible for the content of the message below.
Subject: MPIUA Board of Directors
Posted On: January 27, 2006, 9:38 am CST
Posted By: Jane Logan,CPCU
Comment:
If Cape Cod Homeowner's are a majority (only the carriers know) their interests as mutual policyholders are not being represented. If Cape Cod Homeowner's are NOT a majority of the policyholders, then why all the hype about maximum probable loss?!
MPIUA declined my request for detailed information on their organization including a list of the Board of Directors. MPIUA claimed to be a private entity. The Division of Insurance supported MPIUA's position-for over six months.
Finally, after a trip to the State House, and Division of Insurance, and yet another e-mail to Attorney Mindy Mero Rubin of the Division of Insurance stating:
"Last I knew, our Legislature through Massachusetts General Laws is not in the business of forming private entities (Chapter 731 of the Acts of 1968), I'd like a list of the MPIUA Board of Directors.
I received a fax on 10/20/04 at 13:37 from Attorney Rubin with the following list-not one Board member was/is from Cape Cod!
Allen R. Rome, CPCU
Rome Insurance Agency, Inc.
Fitchburg, MA 01420
Arthur R. Johnson
Holden, MA 01520
Representative of the Public
Robert Doherty
Woburn, MA 01801
Representative of the Public
Martin Fisher
Humarock, MA 02047
Representative of the Public
Carter Luke
Massachusetts Society for the Prevention of Cruelty to Animals
Boston, MA 02130
Representative of the Public
William E. Warner
Middleboro, MA 02346
Thomas Callahan
Executive Director
Mass. Affordable Housing Alliance
Dorchester, MA 02124
Edward C. Ruhl
Regional Vice President
Alternate: Robert Bellenoit, CPCU
Hanover Insurance Company
Worcester, MA 01653
Michael J. Richards
Vice President-General Underwriting
Alternate: Wayne J. Boasso, Product Manager
Commerce Insurance Company
Webster, MA 01570
Donald Barber
Vice President-Underwriting & Marketing
Alternate: Andrea McKay
Arbella Mutual Insurance Company
Quincy, MA 02169
Dennis J. Otmaskin, CPCU
President and Chief Operating Officer
Alternate: Geoffrey T. Bohanan, Vice President-Underwriting
Worcester Insurance Company
Worcester, MA 01608
Anthony Storm (no pun intended…)
State Manager- Massachusetts
Liberty Mutual Insurance Company
Westboro, MA 01581
David J. Lane, CPCU, ARM, Chairman
Net Care Services, Inc.
Essex, MA 01920
Richard Welch, Chairman
Alternate: Susan K. Scott
Premier Insurance Company of MA
Worcester, MA 01608
Kevin M. Meskell, Vice Chairman
Executive Vice President & Secretary
Quincy Mutual Fire Insurance Company
Quincy, MA 02169
F. Thimothy Hegarty, Jr.
President & CEO
Alternate: Gerard T. McDermott
Norfolk & Dedham Mutual Fire Insurance Co.
Dedham, MA 02027
Donald F. Vose, CPCU
Alternate: Donald Anderson
Vice President
The Andover Companies
Andover, MA 01810
Richard G. Meservey
Assistant Vice President
Alternate: Geraldine F. Prusko
OneBeacon Group
Foxboro, MA 02035
So Mr. or Mrs. Right thanks, but I have an understanding of how and why Massachusetts Legislature formed MPIUA. I'm questioning the lack of public disclosure of information including financials. It would also be nice to know the occupations of the Representative of the Public in order to verify they have no insurance industry affiliation.
- Jane Logan, CPCU
harborsidejl@hotmail.com
Subject: MPIUA Board of Directors
MPIUA declined my request for detailed information on their organization including a list of the Board of Directors. MPIUA claimed to be a private entity. The Division of Insurance supported MPIUA's position-for over six months.
Finally, after a trip to the State House, and Division of Insurance, and yet another e-mail to Attorney Mindy Mero Rubin of the Division of Insurance stating:
"Last I knew, our Legislature through Massachusetts General Laws is not in the business of forming private entities (Chapter 731 of the Acts of 1968), I'd like a list of the MPIUA Board of Directors.
I received a fax on 10/20/04 at 13:37 from Attorney Rubin with the following list-not one Board member was/is from Cape Cod!
Allen R. Rome, CPCU
Rome Insurance Agency, Inc.
Fitchburg, MA 01420
Arthur R. Johnson
Holden, MA 01520
Representative of the Public
Robert Doherty
Woburn, MA 01801
Representative of the Public
Martin Fisher
Humarock, MA 02047
Representative of the Public
Carter Luke
Massachusetts Society for the Prevention of Cruelty to Animals
Boston, MA 02130
Representative of the Public
William E. Warner
Middleboro, MA 02346
Thomas Callahan
Executive Director
Mass. Affordable Housing Alliance
Dorchester, MA 02124
Edward C. Ruhl
Regional Vice President
Alternate: Robert Bellenoit, CPCU
Hanover Insurance Company
Worcester, MA 01653
Michael J. Richards
Vice President-General Underwriting
Alternate: Wayne J. Boasso, Product Manager
Commerce Insurance Company
Webster, MA 01570
Donald Barber
Vice President-Underwriting & Marketing
Alternate: Andrea McKay
Arbella Mutual Insurance Company
Quincy, MA 02169
Dennis J. Otmaskin, CPCU
President and Chief Operating Officer
Alternate: Geoffrey T. Bohanan, Vice President-Underwriting
Worcester Insurance Company
Worcester, MA 01608
Anthony Storm (no pun intended…)
State Manager- Massachusetts
Liberty Mutual Insurance Company
Westboro, MA 01581
David J. Lane, CPCU, ARM, Chairman
Net Care Services, Inc.
Essex, MA 01920
Richard Welch, Chairman
Alternate: Susan K. Scott
Premier Insurance Company of MA
Worcester, MA 01608
Kevin M. Meskell, Vice Chairman
Executive Vice President & Secretary
Quincy Mutual Fire Insurance Company
Quincy, MA 02169
F. Thimothy Hegarty, Jr.
President & CEO
Alternate: Gerard T. McDermott
Norfolk & Dedham Mutual Fire Insurance Co.
Dedham, MA 02027
Donald F. Vose, CPCU
Alternate: Donald Anderson
Vice President
The Andover Companies
Andover, MA 01810
Richard G. Meservey
Assistant Vice President
Alternate: Geraldine F. Prusko
OneBeacon Group
Foxboro, MA 02035
So Mr. or Mrs. Right thanks, but I have an understanding of how and why Massachusetts Legislature formed MPIUA. I'm questioning the lack of public disclosure of information including financials. It would also be nice to know the occupations of the Representative of the Public in order to verify they have no insurance industry affiliation.
- Jane Logan, CPCU
harborsidejl@hotmail.com