The Massachusetts House of Representatives voted yesterday afternoon to ban the use of credit scores when underwriting and rating private passenger motor vehicle insurance. The Bill quickly passed through the House without much debate. Representative Michael Costello, a Democrat from Newburyport, called the ban on credit rating for auto insurance policies “a win for consumers.” […]
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National Flood Program to Expire in 72 Hours – Then What?
The Property Casualty Insurers Association of America issued a press release today urging Congress to extend the National Flood Insurance Program (NFIP) before the November 18th deadline (which is the day after tomorrow.) If Congress does not act, the PCI warns that many communities across the nation will be affected. “More than 5.6 million Americans […]
Independent Agents Most Trustworthy According to Small Business Owners
In a recent study commissioned by The Hanover Insurance Company, The Pert Group, interviewed 501 small business owners with less than 30 employees to find out what are the evolving needs of small businesses. Overall, the study found that independent agents and carriers are perceived as having a higher level of trust than other financial […]
Massachusetts Association of Insurance Women Annual Meeting This Weekend
Just a quick reminder that the Massachusetts Association of Insurance Women is having their annual meeting this weekend. Here is a rundown of the events from the MAIW’s Facebook page: Friday 2:00p.m. -“Personal Lines – Little Surprises” (3 CEUS) 5:00p.m. – Registration 7:15p.m. – Board Meeting 7:00p.m. – Hospitality Saturday 7:00a.m. – Breakfast 7:00a.m. – […]
Anselmo Gets Top Honors For Technology Transformations at NBIC
Mike Anselmo, CIO of Narragansett Bay Insurance Company was selected earlier this week as one of Insurance & Technology’s 2011 Elite 8 honorees. Insurance & Technology’s Elite 8 honors the leading edge technology executives in the insurance industry. Anselmo, who became NBIC’s Chief Information Officer in 2009, was selected for his efforts in spearheading Narragansett […]
