The fund for victims of the Sept. 11 attacks has already agreed to pay out nearly $6 billion as the unprecedented program nears its final day of operation this week. The fund has paid or authorized payments totaling $5.8 billion, …
A new Rhode Island law allows for a terrorism exclusion from the Standard Fire Policy (SFP) for certain commercial risks. The new law, which became effective last week, amends the state’s Special Commercial Risk statute to exempt those risks from …
Lead-paint regulations for thousands of old housing units take effect July 1 in Rhode Island, but real estate agents and a growing number of lawmakers say owners need more time to prepare for the changes. The legislation with the new …
David F. D’Alessandro will retire as president and chief executive of John Hancock Financial Services in Boston late this year but continue serving on the board of Canada’s Manulife Financial Corp., which recently acquired John Hancock, the insurer said. On …
Massachusetts consumers and lawmakers are often unaware of the insurance advantages enjoyed in other states or the problems within their own system and need to be educated about what they are missing, according to the head of the Massachusetts research …
The Massachusetts House and Senate have both approved legislation to deregulate insurance rates and forms for certain large commercial risks. The measure permits commercial accounts with more than $30,000 in premium that also meet several other criteria to choose to …
The Connecticut Insurance Department has reminded automobile insurers that they may not deny reinstatement, refuse to write, or raise premium rates for members of the Armed Forces returning from active duty. At the urging of the National Association of Professional …
Conshohocken, Pa.-based Norman Spencer McKernan Inc. (NSM) insurance brokerage firm has announced the appointment of William M. Kanehann as chief operating officer. Prior to joining NSM, Kanehann served as chief operating officer at the Clair Odell Group of Plymouth Meeting, …
Vermont lawmakers will return to the capital next week to respond to Gov. James Douglas’ veto of a bill that backers said would fill a gap in car insurance coverage. House Clerk Donald Milne said that he had sent a …
A spectator at a Boston Red Sox game who was hit and permanently injured by a foul ball has been blocked from holding Red Sox management responsible even though she was ignorant of the game, its dangers and the risk …
