Home Member Sign-in Contact Us Home Member Sign-in Contact Us

Eastern, Travelers Balk at MA's Rates


BOSTON - In a case closely watched by other insurers, Eastern Casualty Insurance Co. announced it will withdraw from the workers' compensation market in Massachusetts, protesting rates proposed by the state Division of Insurance.

Eastern, the state's third largest workers' comp carrier, made its announcement after Travelers Group stopped writing new policies for Massachusetts construction companies, according to the Boston Globe. Travelers is the second largest workers' comp carrier in the state.

A.M. Best quoted an Eastern official as saying the company's workers' compensation rates are only 43 percent of its 1993 rate levels, and that in 2000 the company paid $1.10 in claims for every $1 in premium it took in.

Eastern had broken from usual practice by submitting its own rate request because it said the Workers' Compensation Rating & Inspection Bureau rate applications have been inadequate in recent years to cover costs. Eastern wanted an 11.6 percent increase.

Previous Next

Back to Top


Summer 2001 News
Message from the President
Workers' Comp Cycle
Dim Sum
Sick Building Claims
Eastern, Travelers Balk at MA
Illegal Aliens
North Dakota's 40th Conviction
AASCIF Publications Contest Winners
Court Expands Views of Sexual Harassment
Medical Miracle or Mirage?
Internal Auditor's Role
RSI Not Necessarily an ADA Disability
In a Staff of 1
Auto Audit
Hot Seat Makes a PR Job Sizzle
September 11,2001
Upcoming Events

Related Links
Upcoming Events
Press Releases
Publication Awards
Newsletter Archive




Home | About Us | Directory | News & Events | Library | Contact Us | Member Sign-in

Copyright 2001-2002 American Association of State Compensation Insurance Funds.
All rights reserved.