The new managed care auto insurance system that is underway in Massachusetts should benefit most consumers as well as the state’s local insurers in the short run, according to a new report by Fitch Ratings. However, in the long run, …
There is a job change coming for an executive whom investors say could become the next Warren Buffett. David Sokol, widely considered among the top candidates to eventually replace Buffett as chief executive of Berkshire Hathaway Inc, announced Tuesday that …
Progressive, Massachusetts Progressive Insurance said it plans to begin selling personal auto insurance in Massachusetts starting May 1 if state regulators approve the company’s rate filings, which it submitted to the Bay State’s insurance department this morning. The Mayfield Village, …
The Association of California Insurance Companies, the American Insurance Association and the Personal Insurance Federation of California have announced their opposition to California Senate Bill 1167, a bill that the groups say would deny consumers vital information about longer guarantees …
Warren Buffett’s Berkshire Hathaway Inc. will sell its 16.3 percent stake in White Mountains Insurance Group Ltd. in a transaction valued at $836 million, seven years after investing in the Bermuda-based insurer, White Mountains said Monday. Berkshire will exchange its …
The repeal of Colorado’s no-faul automobile insurance law in 2004 has helped to reduce claims costs in the state, according to a recently released study by the Insurance Research Council. In 2004, the first year after Colorado repealed its no-fault …
A.M. Best Co. has removed the under review with negative implications status and assigned a negative outlook to the debt rating of “aaa” on $800 million of floating rate insured notes, due December 1, 2037 issued by Northwind Holdings, LLC, …
Boston-based Liberty Mutual Insurance will open a 300-person office in Springfield, Mass. in the third quarter to handle growth, some of which is expected from the state’s move to a managed competition auto insurance system. Governor Deval Patrick joined Liberty …
The new managed competition auto insurance system being implemented in Massachusetts rewards many bad drivers and penalizes many good drivers based on certain supposedly-prohibited social factors, according to the latest charges by critics. Many good drivers will pay more and …
The Association of California Insurance Companies, the American Insurance Association and the Personal Insurance Federation of California have announced their opposition to California Senate Bill 1167, a bill that the groups say would deny consumers vital information about longer guarantees …
