Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
Travelers’ Premier Offers Concierge Auto Claims Service in Mass.
Aug 23 2006 // The Premier Insurance Company of Massachusetts, a Travelers personal lines company, has opened a Concierge Claim center in Woburn, Mass. The center is designed to assist claimants with the car insurance claims process,...
Mass. Supreme Court Upholds Auto Assigned Risk Plan
Aug 23 2006 // The Massachusetts Supreme Judicial Court has unanimously ruled that the state insurance commissioner has the authority to create an assigned risk plan to replace the existing reinsurance plan for insuring high-risk...
Commerce Insurance Group Reorganizes at Top
Aug 23 2006 // The board of directors of The Commerce Group, Inc. has created two new positions to lead the company’s property and casualty insurance operations within and beyond Massachusetts. “As Commerce continues to grow...
Mass. Regulator Looks Ahead After Court Ruling Clears Way for Assigned Risk Plan
Aug 23 2006 // “We’re one step closer to operating like a normal market.” That’s how Massachusetts Insurance Commissioner Julianne Bowler greeted the news that the state Supreme Judicial Court had upheld her...
It Figures
Aug 21 2006 // 86% The percent of Virginians opposed to increasing fees on car insurance to help pay for transportation improvements. The Mason-Dixon Polling & Research Inc. survey also found that 10 percent supported insurance fees...
Mass. Board to Review Health Care Plan Payment Proposals
Aug 18 2006 // Low-income residents would pay between $10 and $100 a month for health care under draft regulations set to be reviewed by the board overseeing the Massachusett’s sweeping new insurance law. Under the draft...
Mass. Largest Auto Insurer Dropped from High Risk Board
Aug 16 2006 // Massachusett’s largest, locally-based auto insurer, which has frequently locked horns with the Romney administration, has been dropped from the board that oversees how high-risk drivers are apportioned among...
Mass. Regulator Rules Auto Rates Must Be Set By State Again
Aug 14 2006 // As expected, Massachusetts officials have confirmed that the insurance commissioner, not competition, will set auto insurance rates for 2007. In a four-page decision handed down Aug. 10, Insurance Commissioner Julianne...
Mass. FAIR Plan Rate Increases Approved to Start Oct. 1
Aug 14 2006 //
Mass. Auto Insurers Seek 3.7% Rate Cut for 2007
Aug 11 2006 // For the second year in a row, Massachusetts auto insurers have filed for rate reduction. For 2007, the industry’s rating bureau is recommending rates be cut an average 3.7 percent. If approved, that would mean about...
Mass. Becomes 28th State to Join Interstate Compact
Aug 10 2006 // Massachusetts has become the 28th state to join a program designed to modernize state regulation of life insurance, annuity, disability and long term care products. Gov. Mitt Romney signed legislation into law today that...
Liability contracts could complicate Big Dig recovery efforts
Aug 7 2006 // The state’s ability to recover damages from the Big Dig’s overseer for the ceiling collapse that killed a passing motorist and closed nearby tunnels may be limited by project liability agreements signed by...
Vesta liquidation by Texas felt from Florida to Mass.
Aug 7 2006 // Some 70,000 Florida, 150,000 Texas, 5,200 Massachusetts and 11,000 New Jersey policyholders are among those affected by the liquidation of Vesta Fire Insurance Co. and its subsidiaries. Texas regulators placed the company...
Maryland Seeks Answers for Uninsured After Wal-Mart Law Nixed
Aug 6 2006 // With Maryland’s groundbreaking Wal-Mart health care bill declared invalid by a federal judge, state officials are re-examining their options for providing medical care to many of the almost 800,000 people who have no...
Mass. Fair Plan Refiles for 12.4% Home Rate Hike; 25% on Cape
Aug 2 2006 // The Massachusetts Property Insurance Underwriting Association (the Fair Plan) has submitted a rate recommendation revised downward slightly from what the state disapproved on June 30. For all homeowners forms, the residual...
GoodWorks Agency Lands Mass. Non-Profit Shaker Village Through HRH
Aug 1 2006 // GoodWorks Insurance, LLC announced that the first insurance client under its recently established insurance brokerage agreement with Hilb Rogal & Hobbs, Connecticut (HRH) was written on behalf of the Hancock Shaker...
Mass. Universal Health Plan Gets Green Light from Feds
Jul 31 2006 // The federal government has given its approval to a first-in-the-nation program in Massachusetts that will require everyone to carry health insurance. The state’s universal health insurance program will use a...
Mass. Teen Driving Bill Advances
Jul 30 2006 // Teens longing to get out on the open road would have to hang up their cell phones and log more hours in behind-the-wheel training before they would be able to get their drivers’ licenses, under a bill passed by the...
Commerce Net Earnings Down in 2d Quarter But Up for First Half
Jul 28 2006 // The Commerce Group, Inc. reported 2006 second quarter results showing net earnings were $58.6 million, or $0.86 per diluted share, compared to net earnings of $62.6 million or $0.92 per diluted share for 2005. Included in...
Mass. Fair Plan plays catch-up on reinsurance, rates
Jul 24 2006 // The biggest increases are in store for coastal Cape Cod, where the Fair Plan has become the leading property insurer rather than the insurer of last resort as intended. News Currents Last summer when the Massachusetts Fair...
