The Commonwealth of Massachusetts has launched a Web site that allows auto insurance customers to compare sample auto premiums – a move that the state says will help consumer find the best deals as managed competition shifts into high gear. …
Bad Policy Call “I never experienced the outcry from the public that I heard on this bill… this was a bad policy call on our part.” —Virginia Senator R. Edward Houck (D-Spotsylvania), sponsor of the bill that repealed bad driving …
Some of the largest auto insurance writers in Massachusetts whose rates were challenged have been given the green light to use the rates they filed for 2008 in a group of pro-competitive rating rulings by the state’s regulator. The rulings …
Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s property/casualty business. Swiss Re …
A year has passed since Gov. Charlie Crist and a nearly unanimous Legislature hailed the arrival of a new era for Florida’s property insurance system. They promised lower rates, greater availability of insurance, and a more vibrant insurance market. Today, …
Drivers slowed down an average of 7 mph in Scottsdale, Ariz., six weeks after the city launched its nine-month pilot photo-enforcement program in 2006, according to a new study. The study also showed that during the same time span, drivers …
Massachusetts Insurance Commissioner Nonnie Burnes has upheld the 2008 auto insurance rate filings of Arbella Mutal, which proposed an overall rate decrease of 7.7 percent, and Premier (Travelers), which filed for an average 6.3 percent decrease. She rejected Attorney General …
Allstate insurance companies can keep on writing new policies in Florida under an appeals court ruling that rejected the state’s attempt to stop them, but which also potentially sets up a quick resolution to the standoff. In the ruling issued …
Massachusetts Attorney General Martha Coakley has lost another skirmish in the battle over regulation of 2008 auto insurance rates. Insurance Commissioner Nonnie Burnes has upheld the rate filing of Hanover Insurance, which proposed an overall rate decrease of 8.1 percent. …
The two largest auto insurance writers in Massachusetts have been given the green light to use the rates they filed for 2008 in rulings that characterize the state attorney general’s objections as “irrelevant” in the state’s new competitive marketplace. The …
