Latest Massachusetts Headlines
All the headlines from our Massachusetts Topic Page, ordered by recency.
Mass. LLJUA Hikes Limits, Adjusts Rates For Liquor Liability Coverage
Jun 8 2005 // The Liquor Liability Joint Underwriting Association of Massachusetts now offers coverage up to $1 million per person and $1 million per occurrence. The previous coverage limit was $500,000 per person and $1 million per...
Reform, Not Scare Tactics, Needed for Mass. Auto
Jun 6 2005 // The issue before the court is whether the Commissioner has the authority to implement an ARP. The court will not be ruling on specific provisions of the ARP. Over the last month or so there has been a great deal of concern...
Mass. Gov. Romney to Unveil Own Auto System Proposal
Jun 1 2005 // Reportedly tired of waiting, Gov. Mitt Romney will today announce a legislative reform package for the Massachusetts auto insurance system, bypassing his own task force that had promised to come up with its own measures by...
Mass. Gov. Proposes Good Driver Rate Rollback in Plan to End ‘Soviet-Style’ System
Jun 1 2005 // Massachusetts auto insurers would be required to provide up to a five percent discount to good drivers with clean records but be able to set other rates up to a cap of 15 percent on liability coverage under an auto...
Lojack for Motorcycles Addresses Growing Risk
May 23 2005 // With summer right around the bend, motorcycle enthusiasts across the nation are gearing up to hit the road. In recent years, the popularity of motorcycle riding has risen to a zenith rivaling that of the Easy Rider days of...
Lojack for Motorcycles Addresses Growing Risk
May 23 2005 // With summer right around the bend, motorcycle enthusiasts across the nation are gearing up to hit the road. In recent years, the popularity of motorcycle riding has risen to a zenith rivaling that of the Easy Rider days of...
Mass. Approves 3% Workers’ Comp Rate Reduction
May 19 2005 // Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in premiums paid by employers. The new rates...
AIA: Massachusetts Drivers Need a Competitive Auto Insurance Market
May 16 2005 // An auto insurance market where companies can compete on the prices charged and the products provided would benefit Massachusetts drivers, according to the American Insurance Association (AIA). AIA testified Monday at the...
Mass. Jury Awards $24 Million in Childbirth Lawsuit
May 12 2005 // In one of the largest malpractice verdicts in state history, a jury has awarded $23.8 million to the parents of a girl born with cerebral palsy after a traumatic delivery at Massachusetts General Hospital. The Suffolk...
Mass. Tightens Rule on Finite Reinsurance; States Consider Change in Accounting Rules
May 9 2005 // While the National Association of Insurance Commissioners is considering changing the accounting rules for finite reinsurance transactions, Massachusetts is proceeding with a tightening of its own reporting...
INSURERS OPPOSE POLICE LEVY:
May 9 2005 // State regulators and auto insurance companies doing business in Massachusetts are opposed to a legislative proposal that would impose $15 million in new surcharges on insurers to pay for police training. Insurance...
HIGH RISK CHALLENGE IN COURT:
May 9 2005 // Massachusetts insurance company trade associations and companies recently filed a friend of the court brief defending the reforms of the state’s auto insurance system pursued by Insurance Commissioner Julianne...
Mass. Tightens Finite Reinsurance Rules; States Weigh Accounting Change
May 3 2005 // While the National Association of Insurance Commissioners is considering changing the accounting rules for finite reinsurance transactions, Massachusetts is proceeding with a tightening of its own reporting...
Mass. Commissioner Bowler Approves Safe Driver Plan Revisions; Plan Starts in 2006
May 2 2005 // Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving history beginning in 2006. The revised...
Commerce Group’s IFS, Debt Ratings Affirmed
Apr 28 2005 // Fitch Ratings has affirmed the ‘BBB’ long-term issuer and senior debt ratings of the Commerce Group Inc. (CGI). Additionally, Fitch has affirmed the ‘A’ insurer financial strength ratings on...
Insurers Voice Opposition to Proposed Mass. Auto Premium Surcharge
Apr 21 2005 // A proposal to surcharge auto insurance policyholders $15 million to pay for police training reportedly unfairly forces responsible motorists in Massachusetts to fund a program that benefits every citizen and business in...
AIA: Reform of Mass. Residual Market Vital
Apr 20 2005 // Reforms of the Massachusetts high risk auto insurance pool will benefit the market and consumers, according to the American Insurance Association (AIA). Last Friday, AIA joined with the Massachusetts Insurance Federation...
PCI Urges Court to Uphold Mass. High Risk Pool Reforms for Auto Insurance
Apr 19 2005 // The Property Casualty Insurers Association of America (PCI) joined with a group of insurers and insurance trade associations in filing a friend of the court brief on April 15 urging the Massachusetts Superior Court to...
Mass. Weighs Small Rate Hike While Medical Costs Take Toll
Apr 18 2005 // While Massachusetts insurance officials are weighing a request by the industry to inch up workers’ compensation rates by 1 percent, a new study suggests that claim costs are accelerating by leaps and bounds, largely...
Lojack for Motorcycles Addresses Growing Risk
Apr 18 2005 // With spring right around the bend, motorcycle enthusiasts across the nation are gearing up to hit the road. In recent years, the popularity of motorcycle riding has risen to a zenith rivaling that of the “Easy...
