Existing carriers complain that plan to give 3-year high risk exemption to newcomers creates uneven playing field The Patrick administration is pushing a rule that exempts new auto insurers in Massachusetts from having to accept costly high risk drivers for …
New Jersey insurers using education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State insurance regulators. The …
A consumer group this week accused California Insurance Commissioner Steve Poizner of adopting emergency regulations that would lead to higher rates for auto, homeowner and most other types of insurance coverage. In a sternly worded letter, Consumer Watchdog founder Harvey …
A bill being considered by the Michigan legislature would let motorists save up to 16 percent on their auto insurance by choosing less medical coverage. Michigan is the only state to require unlimited personal injury protection benefits, which policyholders pay …
Warren Buffett, the world’s richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect. Buffett made his comments on CNBC television after his Berkshire Hathaway Inc. agreed to invest …
A San Francisco judge has refused Allstate’s request to block a 15.9 percent automobile insurance rate decrease. According to the California Department of Insurance, the rate decrease should take effect immediately, and will result in approximately $250 million in savings …
New Jersey insurers who use education and employment to rate drivers for risk are justified in doing so and the practice does not amount to racism or classism, according to a new, 581-page report released by Garden State insurance regulators. …
Massachusetts will permit auto insurers to sell six-month policies in another change under the state’s newly operational managed competition system that gives insurers more freedom. Independent agents have balked at the decision to permit six-month policies, maintaining they’re against the …
The Minnesota Legislature approved this week a compromise bill giving consumers more clout in court when they disagree with their home and auto insurance companies. The legislation passed the Senate 47-15 and the House 93-39. It now goes to Gov. …
Massachusetts will permit auto insurers to sell six-month policies in another change under the state’s newly operational managed competition system that gives insurers more freedom and drivers more options. Independent agents have balked at the decision to permit six-month policies, …
