All the headlines from our Massachusetts Topic Page, ordered by recency.
Dec 6 2007 // Massacusetts insurance agents dealing with the switch to managed competition are expecting a lot of business movement as a result of the competitive system, with almost one-third (30.7%) predicting they will lose accounts...
Dec 5 2007 // Insurance agents in Massachusetts support the state’s move to managed competition in private passenger auto insurance but oppose insurers’ use of credit scoring in rating or underwriting.In an online Insurance...
Dec 4 2007 // A second major carrier has begun making inroads to the soon-to-be-deregulated Bay State auto insurance market, although it has stopped short of saying it will sell Massachusetts personal auto policies in 2008.The Mayfield,...
Dec 2 2007 // Insurance agents in Massachusetts support the state’s move to managed competition in private passenger auto insurance but oppose insurers’ use of credit scoring in rating or underwriting.They are expecting a...
Dec 2 2007 // INAMAR, ACE Recreational MarineACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced that INAMAR, its marine marketing and underwriting division, will now be known as ACE Recreational...
Dec 2 2007 // Auto insurance carriers are looking to compete by rewarding drivers with good driving records, good grades, hybrid vehicles, property policies and pets under auto insurance rating plans filed for use in 2008 in...
Nov 30 2007 // Encompass Insurance has further lowered its 2008 Massachusetts auto insurance rates for preferred risks by 5 percent, resulting in an overall statewide average decrease of 4.5 percent compared to the 3.4 percent in its...
Nov 29 2007 // Eighteen of the state’s 19 Massachusetts auto insurers amended rate filings for policies with April 2008 effective dates at the state’s Division of Insurance.The latest filings lowered rates from the origianl...
Nov 28 2007 // Massachusetts Attorney General Martha Coakley is pressing auto insurers in the state to lower their 2008 rates, arguing that their initial filings last week included more than $200 million in extra profits and payments to...
Nov 28 2007 // Several Massachusetts auto insurers have amended last week’s filings to further lower rates and increase discounts for safe drivers while another revealed its plans for 2008 under the new managed care system.MetLife...
Nov 26 2007 // More than five hundred businesses in Massachusetts that failed to offer insurance options to their employees under the state’s landmark health care law will be required to pay $5 million in fees.That’s far...
Nov 20 2007 // The Liquor Liability Joint Underwriting Association of Massachusetts (LLJUA) said it is lowering its rates for higher-limit coverage by more than 20%, effective immediately.Insureds buying coverage of $2 million per person...
Nov 20 2007 // Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts.Indeeed, most drivers...
Nov 19 2007 // The Hanover Insurance Group, Inc. was one of the first insurers to tout its competitive rates and product filings at today’s deadline for auto insurers looking to compete in Massachusetts under the new managed...
Nov 19 2007 // The auto insurance market in Massachusetts gets a glimpse of greater competition today when carriers disclose their proposed rates, but the big unknown is whether motorists honk for joy or hit the guardrail.The Patrick...
Nov 18 2007 // The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Webster, Mass.-based personal lines writer Commerce Group.Mapfre officials calculate that...
Nov 14 2007 // Liberty Mutual Group today announced that one of its companies – Keene, N.H.-based Peerless Insurance – intends to return to the Massachusetts private passenger auto insurance market next year after a 20-year...
Nov 9 2007 // As Massachusetts prepares to open up its private passenger auto insurance market to more competition, The Hanover Insurance Group, Inc. is ready to drive in with coverages it has been offering in other states but not in...
Nov 9 2007 // Liberty Mutual, the state’s fourth-largest auto insurer, announced plans to add 30 sales representatives in Massachusetts – a 50 percent increase – by the time the state implements new managed competition...
Nov 7 2007 // Berkshire Insurance Group, Inc., a Berkshire Bank company in Pittsfield, Mass., has named John S. Millet, CPA, as its chief operating officer.Millet will oversee operations, finance, information technology, and other key...