All the headlines from our Massachusetts Topic Page, ordered by recency.
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...
Nov 7 2007 // Massachusetts has three dates coming up that could be turning points in determining who gives thanks for the state’s new managed competition auto insurance system and who rates it a turkey.Insurance Commissioner...
Nov 6 2007 // Hub International Limited reported that Hub International New England has acquired substantially all of the assets of Rome Insurance Agency, Inc., which is based in Fitchburg, Mass. The Rome operation expands Hub New...
Nov 5 2007 // The Massachusetts Division of Insurance recently launched a new online licensing system for producers.The first phase of the system, OLLIE (Online Licensing of Individuals and Entities), enables individual insurance...
Nov 4 2007 // Massachusetts Insurance Commissioner Nonnie Burnes has taken on the minefield of private passenger auto insurance, overseeing a transition from a highly-regulated rating system to one under which insurance companies are to...
Nov 4 2007 // N.Y. department prevails in liquidation bureau auditNew York state’s highest court has ruled that the state auditor does not have the authority to audit an obscure division of a state agency managing $3.3 billion....
Nov 1 2007 // The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Massachusetts-based personal lines writer Commerce Group.Mapfre officials calculate that...
Oct 30 2007 // Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S....
Oct 29 2007 // Lawyers for the Roman Catholic Diocese of Springfield, Mass., clergy abuse victims and the insurance carriers confirm that the sides have agreed to enter nonbinding settlement talks in a two-year old lawsuit.More than...
Oct 25 2007 // The first moves toward competitive rating for auto insurance in Massachusetts indicate that rates for drivers insured by insurers with small market share could drop an average 2.5 percent, while rates for drivers in the...
Oct 23 2007 // Some Massachusetts insurance agents are anxious about the state’s move to a deregulated auto insurance system but Insurance Commissioner Nonnie Burnes thinks they will fare just fine.“I have spoken with them...
Oct 22 2007 // Lawmakers representing urban drivers in Massachusetts are challenging the Patrick administration’s auto insurance plan, saying new regulations leave loopholes for companies to charge higher rates to minorities and...