Mass. Attorney General Martha Coakley has asked for two more auto insurers to defend their proposed 2008 rates at public hearings. Coakley wants Arbella Insurance and Hanover Group to explain their rates for next year when the state shifts away …
Auto insurers in Florida are reminding drivers that Florida law will once again require drivers to carry personal injury protection insurance effective Jan. 1, 2008. Companies are sending notices to policyholders informing them of legislative changes that restore the mandatory …
Toronto-based Kingsway Financial Services Inc. announced that its founder William G. Star is retiring from his position as president and CEO, effective December 31, 2007. Shaun Jackson, currently executive vice-president and chief financial officer, has been appointed as his successor. …
Massachusetts Attorney General Martha Coakley says the state’s new managed competition auto insurance system is not lowering average rates for 2008 below what they would have been under the old system where the state set all rates. In another in …
The pending acquisition of Commerce Insurance Group, Inc. by Spain’s largest insurer, Mapfre S.A., is being investigated by the Massachusetts attorney general. In a filing with the Securities and Exchange Commission, Commerce reported that it has received notice that Attorney …
At least three insurers whose 2008 Massachusetts auto insurance rates have been questioned by officials have agreed to revise them and other insurers are under pressure to do the same. Massachusetts Insurance Commissioner Nonnie Burnes last Friday raised concerns with …
A second major carrier has begun making inroads to the soon-to-be-deregulated Bay State auto insurance market, although it has stopped short of saying it will sell Massachusetts personal auto policies in 2008. The Mayfield, Ohio-based Progressive Group of Insurance Companies, …
Most plan to cut rates as state moves ahead with plan for managed competition for 2008 Auto insurance carriers are looking to compete by rewarding drivers with good driving records, good grades, hybrid vehicles, property policies and pets under auto …
At least one U.S. auto insurance company is now offering coverage for pets. Progressive Corp. is providing collision coverage for customers’ dogs or cats at no additional premium cost. It will pay up to $500 if a customer’s dog or …
Eighteen of the state’s 19 Massachusetts auto insurers amended rate filings for policies with April 2008 effective dates at the state’s Division of Insurance. The latest filings lowered rates from the origianl filings made on Nov. 19. The average reduction …
