Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
18 of 19 Insurers Amend Mass. Rates; State Plans Outreach
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...
Mass. Auto Insurers Pressed to Lower 2008 Rates Even More
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...
Arbella, MetLife, Main Street Amend Mass. Rates; OneBeacon Unveils Plans
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...
Mass. Businesses Not Offering Health Insurance Options Face Fines
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...
Mass. Liquor Liability Residual Market Lowers High Limit Rates
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...
Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products
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...
Hanover Among First to Tout Mass. Auto Rates; Vows Agent Appointments
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...
Insurers File Mass. Auto Rates Today; Bill to Control Rating Factors Stalled
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...
Spain’s Mapfre Sees Commerce as Portal to Expansion in U.S.
Nov 18 2007 // Insurer likes Hispanic market potential as well as solid performance of Mass. personal lines insurer The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition...
Peerless Insurance Returning to Mass. Auto Under Managed Competition
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...
Hanover Ready to Offer Connector Product in New Mass. Auto Market
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...
Liberty Mutual to Grow Mass. Sales Force by 50% to Handle Auto
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...
Berkshire Insurance in Mass. Names Millet Chief Operating Officer
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...
Will Mass. Give Thanks for Managed Competition or Rate It a Turkey?
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...
Hub Adds Rome Agency in Mass. to its New England Operation
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...
Mass. Offers Online Licensing with Agent Lookup Feature for Consumers
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...
Transitions … from judge to regulator, from regulated to competition
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...
News Currents
Nov 4 2007 // N.Y. department prevails in liquidation bureau audit New 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...
Mapfre Cites Hispanic Insurance Market Potential Behind Commerce Acquisition
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...
Spain’s Mapfre to Buy Mass.-Based Commerce Insurance for $2.2 Billion
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....
