Key Industry Trends according to the Forward50 Americas report
Main Content
Latest News
New Reporting Requirement for Small Businesses Begins January 1, 2024
Brief Summary of Implications for Insurance Agencies
Patriot Growth Insurance Services Raises $500 Million in New Funding Round
Infusion of Funds To Help Continue Its Aggressive Growth Strategy
New Advocacy Group, InsurTech Coalition, Launches
Insurtech companies unite to foster responsible innovation, usher in new regulatory frameworks, and promote accountability.
Uber Pitching NY Settlement Framework To Mass. Lawmakers
Trial Slated to Start on May 13, 2024
Report Card: State Keeping Pace With Climate Goals
Most Intense Decarbonization Period Nearing: 2025 – 2030
Negative Outlook Continues for U.S. Personal Lines Insurance Segment Facing Challenges in 2024
AM Best Stays the Course in Its Negative Market Segment Outlook
Ransomware and Supply Chain Attacks Drive Rising Cyber Insurance Claims
Ransomware Claims Surge After Period of Stabilization
Insurance Coverage Cases
A New Lawsuit: Harvard’s $15 Million Dispute With Its Broker Marsh
Claims-Made Policy Snares Another: Preservation Trust Loses Coverage For Late Notice
Appeal Denied: Allstate Agents’ Wrongful Termination Claim Falls Flat
The Pitfall of Late Notice: Harvard’s $15 Million Coverage Loss
GEICO Faces Legal Battle as Captive Agent’s Lawsuit Advances
Loaner Car Liability: New MA Supreme Court Decision Has Insurance Implications
Court Affirms Landlord’s Recovery of $1 Million of Its Common Area Fatality Settlement From Its Tenants’ CGL Policies
The Saga Ends: No Class Certification for IDV Claimants Against Commerce & Safety
Economic & Legislative News in Massachusetts
Tax Collections Not Keeping Pace As State Spending Soars
November Receipts Miss Benchmark By $274 Million
Healey Pledges To Enforce Rezoning Mandate
Pledges To Take Enforcement ” Very Seriously”
Mass. Eyes Trillion-Dollar State Club
Hao Says Eco-Dev Policies Aim To Help State Ride Sector “Tailwinds”
Uber Pitching NY Settlement Framework To Mass. Lawmakers
Trial Slated to Start on May 13, 2024
Report Card: State Keeping Pace With Climate Goals
Most Intense Decarbonization Period Nearing: 2025 – 2030
Cooling Economy May Sharpen Focus On Competitiveness
Economists Say It’s Time To Position State For Next Round of Growth
Company News
The Concord Group Earns 2023 Great Place To Work Certification™ Bedford, NH
SIAA’s Fall Business Meeting & Growth Summit Shines with A Pink Evening in Boston
Progressive Surpasses 1,000 Vehicles Donated to Military Families with 11th Annual Keys to Progress Program
Concord Insurance Group Rated A+ Superior by AM Best
New England Newswire
New Hampshire Insurance Department Urges Collaboration and Expresses Concerns Regarding Federal Insurance Office’s Climate Related Data Call Proposal
New Hampshire Insurance Department Issues Formal Response to FIO Request
Connecticut Will See A 10% Decrease in Workers’ Compensation Rates in 2024
Connecticut Insurance Department Approves Tenth Consecutive Year of Rate Decreases
New Hampshire Insurance Department Announces Confirmation of DJ Bettencourt as Insurance Commissioner
Was Nominated by Governor Christopher Sununu
New Hampshire’s Insurance Department and Secretary of State Reach Settlement with Northwestern Mutual
Numerous, unlawful emails were sent from Northwestern Mutual branch offices in New Hampshire.
InsurOp-Eds
Born and Bred in the Bay State: The Special Agent Story
InsurOp-Ed: The Invisible But Potentially Catastrophic Homeowners Exclusion That’s Not An Exclusion
InSurOp-Ed: On This Day 30 Years Ago: What I’ve Learned
InsurOp-Ed: Horrible Policy Forms and Endorsements To Avoid or Be Wary Of
InSurOp-Ed: What ChatGPT Says About Exclusions in Insurance Policies…
InSurOp-Ed: Auto Insurance and Resident Adult Children
How ChatGPT Says AI Will Change The P&C Insurance Industry Over the Next 10 Years
InsurOp-Ed: 3 Sources of Coverage Gaps That Lead to Claim Disputes
Interviews
Making The Leap From Corporate to Entrepreneur: Nadeen Vella On Building NaVella Insurance From Scratch
John Mina Reflects on Risk Strategies’ Rise from Boston Agency to National Broker
The Personal Insurance Shoppers: How The A.P. Michaud Agency’s Personalized Approach Has Set Them Apart
A Q&A With Bill Martin of Bunker Hill: Big Data And Quoting Convenience Are Key To Bunker Hill’s Massachusetts Plans
From Commissioner To Coverys: Incoming CEO Joseph Murphy On His New Role, New Challenges, And Optimism For the Future
Renaissance Man: Renaissance Alliance’s Bruce Cochrane & His Career In the Massachusetts Insurance Industry
In Real Time With Steve Aronson of Aronson Insurance
Infusing New Ideas and Energy Into One of Boston’s Oldest Insurance Institutions
Ratings & Results
Negative Outlook Continues for U.S. Personal Lines Insurance Segment Facing Challenges in 2024
AM Best Stays the Course in Its Negative Market Segment Outlook
Liberty Mutual Results Stay Afloat in Q3-2023
Inflation and Severe Weather Impact Earnings
Q3 2023 Results: Progressive Bucks the Trend with Higher Earnings
Unlike Most Insurers, Progressive Issues Its Results on a Monthly Basis
Q3-2023 Results: Hanover’s Net Income Plunges 91%
$195M Catastrophe Losses Cited as Catalyst for Drop in Earned Premium
Selective Insurance Delivers Strong Growth Amid Elevated Catastrophe Losses
The company’s combined ratio increased 5.7% year-over-year to 100.2%.
