East News

N.J. Gives Green Light to Credit Scoring

New Jersey insurance officials, after reviewing their own test and the results in other states, have decided to permit the use of credit scores in the rating of private passenger auto policies by all insurers. Last year, the Department of …

R.I. Senate Passes Smoking Ban

The Rhode Island Senate on a 25-7 vote passed legislation that would ban smoking in nearly every public place in Rhode Island. The Rhode Island Workers’ Safety Act of 2004 (2004 – S2029A), sponsored by Sen. V. Susan Sosnowski (D-Dist. …

Mass. Commissioner Orders High Risk Pool Changes Within 30 Days; Governor Names Reform Task Force

Just hours after Massachusetts Insurance Commissioner Julianne Bowler formally called upon the industry to come up with a plan to change the way private passenger auto high risks are handled, officials of Commonwealth Auto Reinsurers (CAR), the organization that oversees …

Lancer’s Delaney, ELANY’s Maher Honored by PIANY

With more than 400 industry professionals on hand, the Professional Insurance Agents of New York State Inc.’s Long Island Regional Awareness Program brought out veterans and newcomers alike for education sessions, marketing venues and more. Attendees heard a keynote address …

Supt. Serio to Join CEOs on IIABNY Panel May 6

The Independent Insurance Agents & Brokers of New York Inc. will sharpen its focus on the future of the insurance industry May 6 when it hosts a CEO Roundtable at the association’s 2004 Local Association Leadership Conference and Annual Business …

R.I. Senate Votes to Close Drunk Driving Loophole

The Rhode Island Senate has unanimously passed a bill to hold drunk drivers accountable for injuruies and deaths they cause. Under the legislation, DNA laced blood, fluids and body tissue could be taken from suspects who refuse a breathalyzer test …

Harleysville CEO Encouraged by Q1 Results

Harleysville Group Inc. (NASDAQ:HGIC) in Pennsylvania reported diluted net income of $0.55 per share in the first quarter of 2004. The company had a diluted net loss of $0.11 per share in the first quarter of 2003. Realized investment gains …

N.Y. Jury Denies Drug Convict’s Med-Mal Claim

A federal jury in New York has ruled against a convicted drug mule who claimed he was improperly forced to undergo surgery to remove heroin-filled condoms he had ingested. William Meequaye Kanyi filed suit against doctors, Mary Immaculate Hospital in …

Report on Mass. Auto Cites Rate Subsidies and Barriers to Entry; Romney to Name Task Force

A much-anticipated analysis of the Massachusetts private passenger auto insurance system finds that 14 percent of the state’s drivers pay less than loss costs indicate they should, while 86 percent pay more to subsidize the others. The degree of subsidization …

Funds Available for Mass. Flood Victims

Five Massachusetts counties that experienced severe flooding early this month have been declared major disaster areas, making residents and businesses eligible for federal aid. President Bush declared that emergencies existed April 1 in Essex, Middlesex, Norfolk, Suffolk, and Worcester counties, …

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