Massachusetts Attorney General Martha Coakley is pressing auto insurers in the state to lower their 2008 rates, arguing that their initial filings last week included more than $200 million in extra profits and payments to agents that wouldn’t have been …
Several Massachusetts auto insurers have amended last week’s filings to further lower rates and increase discounts for safe drivers while another revealed its plans for 2008 under the new managed care system. MetLife Auto & Home, one of the top …
The Hanover Insurance Group, Inc. was one of the first insurers to tout its competitive rates and product filings at today’s deadline for auto insurers looking to compete in Massachusetts under the new managed competition system. In its filings, Hanover …
California Insurance Commissioner Steve Poizner is reportedly exploring the possibility of a ballot measure next year designed to get uninsured motorists off the state’s roads and highways. Industry sources confirmed the development initially reported in newspaper accounts quoting a consultant …
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 cat is …
Mercury Insurance has donated $1 million to the Los Angeles Police Department to provide funding for the department’s new appointment bonus recruitment program. “Our ability to recruit and train new officers is the primary reason crime continues to drop in …
Liberty Mutual, the state’s fourth-largest auto insurer, announced plans to add 30 sales representatives in Massachusetts – a 50 percent increase – by the time the state implements new managed competition auto insurance regulations and competitive pricing next April 1, …
N.Y. department prevails in liquidation bureau audit New York state’s highest court has ruled that the state auditor does not have the authority to audit an obscure division of a state agency managing $3.3 billion. The New York Court of …
Mass. caps car insurance hikes at 10%; smaller insurers eye 2.5% cut The first moves toward competitive rating for auto insurance in Massachusetts indicate that rates for drivers insured by insurers with small market share could drop an average 2.5 …
California Insurance Commissioner Steve Poizner along with officials from California State Automobile Association Inter-Insurance Bureau (CSAA-IIB, or AAA of Northern California) in Sacramento and San Francisco announced the Department of Insurance has approved a rate reduction of 6.5 percent for …
