Court Decision Delivers Message About Policy Interpretation and Claims Handling to Massachusetts Property Insurers
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Latest News
Unemployment Rate Up To 3.9 Percent In October
Rate Continues Its Gradual Increase During 2024
Q3 2024 Brings Strong Growth for Safety Insurance Group, Dividend Announced
Direct Written Premium Growth Surged by 21.9% During First Nine Months of 2024
Liberty Mutual Insurance Demonstrates Strong Turnaround in Q3- 2024
Achieved Substantial Increase in Net Income as Compared to Same Time in 2023
It’s Official: Norfolk & Dedham and Union Mutual Are Now Affiliated
Obtained Regulatory Approval by both the Massachusetts and Vermont Divisions of Insurance
Jubinville Insurance Group Partners with Wheeler & Taylor to Expand Client Offerings
This is Wheeler & Taylor’s third partnership of 2024
Safeco Insurance to Expand Personal Lines in 22 States Through Agreement with Main Street America Insurance
Transition To Begin In Second Quarter of 2025
Best’s Market Segment Report: U.S. Commercial Auto Results in 2023 and the First Half of 2024 Continue to Deteriorate
Continues To Lag Other Property and Casualty Lines in Profitability
Insurance Coverage Cases
176D Claim Violation: Zurich Hit With A $2.8m Penalty
No Duty to Defend? New Case Sheds Light on Indemnity-Only Coverage
Strict Notice Rule Prevails: First Circuit’s Message to Massachusetts Insureds
Appeals Court Rules Construction Defects Have No CGL Coverage
Court Upholds Exclusion: $750K Defense Costs Lost
Judge Rules New York Law Applies, Dismissing Harvard’s Contract Claims: Leaving Negligence
Continental’s Mold Exclusion Denial Leads to Bad Faith Lawsuit
Court Cuts Commerce’s $910k Fee Request to $123k in Big Wheel Case
Economic & Legislative News in Massachusetts
Lower Rates Helped Lift October Home Sales
Prices Still Rising, Sales Tracking Close To Lackluster 2023 Totals
Healey Signs Jobs Bill With Legislative Additions
Only Proposed Amendment Concerns New Limits on Motor Vehicle Insurance Liability Coverage
Mass. Officials Pitch Different Audience – Investors
State Strengths Accentuated, Areas Vulnerable Under Trump Identified
Meet The Incoming Legislative Class Of 2025-2026
Three New Senators, 19 New Reps Poised To Join Legislature Jan. 1
Group Looking At “Any and All Ideas” For Replacing Tobin Bridge
Planning Begins On New ‘Massive Project’ On The Horizon
Tax Collections Still Lagging Expectations Through October
October Tends to Be a Less Significant Month for Collections
Company News
Providence Mutual Enters Agreement with Plymouth Rock for Auto Policies
Bindable Bolsters its Portfolio of Protection Products with the Addition of Multi-Peril Disaster Coverage from Recoop Disaster Insurance
Growing Vulnerability of Inland Areas to Flooding Yet Homeowners Don’t Have Flood Insurance Coverage or Believe It’s Necessary: Triple-I
NeighborShare Expands to Boston, Partnering with Six New Local Nonprofits
New England Newswire
Providence Mutual Enters Agreement with Plymouth Rock for Auto Policies
Providence Mutual Is Exiting Auto Insurance In A Total of Four States
Governor Lamont Announces Businesses Will Receive a 6% Decrease in Workers’ Compensation Rates in 2025
Connecticut Insurance Department Approves Eleventh Consecutive Year of Rate Decreases
Connecticut Individuals & Businesses: Two Weeks Left to Apply For Federal Disaster Assistance From August Floods
Notice Pertains To Those Living in Fairfield, Litchfield and New Haven Counties
Connecticut Insurance Department Establishes Risk Mitigation & Resiliency Advisory Council To Strengthen Homes and Businesses Against Extreme Weather
First Public Meeting To Take Place in November
InsurOp-Eds
InsurOpEd: Starting A New Chapter in My Life
InsurOp-Ed: Shrinkflation and Insurance
InsurOp-Ed: Transitioning to The Gallagher Way
The $1 Billion Blunder: How CrowdStrike’s Update Exposed Insurance Gaps
InSurOp-Ed: One of the Most Often Misinterpreted Liability Exclusions
InSur-Op-Ed: Claim Denials and Agency Accommodations
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
Interviews
Proactive Tactics: How To Help Your Insureds Be Happy Amidst Rising Rates
Talking with Richard Welch: Growth and Innovation at Hospitality Mutual
A Conversation with Daniel C. Bridge – The 2023 Insurance Professional of the Year
Making The Leap From Corporate to Entrepreneur: Nadeen Vella On Building NaVella Insurance From Scratch
A North Shore Success Story: The $40 Million And Growing Duffy Family of Insurance Agencies
21 Facts About Eastern Insurance’s New President
John Mina Reflects on Risk Strategies’ Rise from Boston Agency to National Broker
RogersGray On Its Decision to Partner with Baldwin Risk Partners and Its “Merry Band of Insurance Geeks”
Ratings & Results
Concord Group Insurance Companies Rates A+ Superior
Affirmed For Fifth Consecutive Year
Hanover’s Strong Q3 2024 Results: Strategic Initiatives—Managing Liability Exposure
Year-Over-Year Performance Shows Remarkable Turnaround
The Hartford Announces Excellent Third Quarter 2024 Financial Performance
Increased quarterly common dividend per share by 11%
Liberty Mutual Hints At Significant Hurricane-Related Losses in Q3-2024
Combine Hurricane Losses From Helene and Milton Could Reach Nearly $900 Million, Pre-Tax
Liberty Mutual Reports Strong Q2 2024 Results, Showing Significant Turnaround
Expense management shows results
