Workers' Comp

In spite of carrier angst about backing start-up programs, MGAs are having success in launching new offerings for wine collectors, auto dealers and properties exposed to earthquake risk.

With chatter about the next market turn heating up, experienced niche-market participants don’t anticipate a replay of the gut-wrenching turmoil that left some program administrators out in the cold during the last turn. But that doesn’t mean program books won’t need to be mended or that some carrier retrenchment from...

They aren’t saying they goofed, but the insurance broker for the American Veterinary Medical Association’s Professional Liability Insurance Trust plans to “clarify” its advice about relief veterinarians and workers' compensation insurance.

In spite of competitive conditions in the specialty program business segment, an insurance industry analyst doesn’t see any flashing red alerts signaling major troubles ahead for program carriers so far in 2011.

Massachusetts Insurance Commissioner Joseph G. Murphy says his office has reached an agreement with the state’s Workers’ Compensation Rating and Inspecting Bureau and the Attorney General’s Office to hold workers’ comp. rates steady until at least September 2012.

Massachusetts Insurance Commissioner Joseph G. Murphy says his office has reached an agreement with the state’s Workers’ Compensation Rating and Inspecting Bureau and the Attorney General’s Office to hold workers’ comp. rates steady until at least September 2012.