Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they might enter if her plan to allow competitive pricing goes forward. Burnes is not naming the companies but when asked if …
Federal agents arrested and charged 11 New Jersey local public officials with taking bribes in exchange for giving public contracts to a fake insurance brokerage set up by investigators. The investigation netted five members of the same local Atlantic County …
$21 million The amount awarded to Ralph Currier, 21, a Windsor County, Vermont man who was permanently injured in a car accident two years ago. It is one of the largest lawsuit awards in the state’s history. The award was …
Drive efficiencies “This will result in greater transparency in the rate-making process, increased price competition and lower premiums for employers because it will drive carriers to achieve greater efficiency. Fostering competition will also make the state more attractive to new …
Maryland Gov. Martin O’Malley named attorney and long-time advisor Ralph S. Tyler to be the state’s insurance commissioner responsible for overseeing the regulation of Maryland’s $26 billion insurance industry. Tyler had been serving as chief legal counsel for the O’Malley-Brown …
New Jersey insurance agents praised Gov. Jon Corzine for signing into law a bill that bans so-called step-down provisions in businesses’ motor vehicle liability policies and frees agents from a having to advise something that their insurers will not allow. …
An auto policy’s uninsured motorist coverage is triggered for a motorcyclist killed by a hit-and-run driver after being thrown onto the roadway from his bike, which was not insured, according to the New Hampshire Supreme Court. The victim’s auto insurer, …
Deregulation is breaking out all over, with Democrats spearheading the changes and making the promises of a better insurance future. Most recent is the Spitzer administration’s move to deregulate workers’ compensation pricing in New York. “This will result in greater …
Fireman’s Fund Insurance Co. introduced a new insurance product designed to meet the unique needs of historic and vintage commercial properties. Historic Property-Gard by Fireman’s Fund is a comprehensive insurance product for historic buildings, which includes tax recapture coverage. The …
The federal government has given Indiana the go-ahead on its state-subsidized health care plan for low-income adults that will be partially funded by an increase in the cigarette tax. The deal will allow Indiana to provide health insurance to about …
