Homeowners insurance policyholders who subscribe to at least one additional policy with their insurer tend to be more satisfied than those who only have a homeowners insurance policy, according to the J.D. Power and Associates 2007 Homeowners Insurance Study. The …
What determines how much a consumer will pay for automobile insurance? The usual considerations immediately come to mind: accident history, average miles driven each year, number of speeding tickets and location of insured are a few factors that are evaluated. …
Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S. market. Mapfre, which has more than …
The plan calls for a one-year transition from April 1, 2008, through March 31, 2009. It also: Prohibits rating on the basis of sex, marital status, race, creed, national origin, religion, occupation, income, education, homeownership, credit information or age, except …
Gov. Charlie Crist signed legislation that will reinstate Florida’s Motor Vehicle No-Fault Law and ensure that drivers have $10,000 worth of health care benefits through personal injury protection or PIP coverage by Jan.1, 2008. The legislation also reforms the law …
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 …
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 percent, while rates for drivers in the state’s high risk pool could …
As Massachusetts gears up for a switch to a more competitive personal auto insurance market, one of its domestic auto insurers, Premier Insurance Co., will adopt the well-known brand of its parent, Travelers Insurance. Offically, the Premier Insurance Company of …
Facing allegations it’s been mismanaged for years, Louisiana’s taxpayer-backed insurance company will sever its relationship with the agency that has overseen the firm since its inception, the company’s board decided Oct. 11. The move by Louisiana Citizens Property Insurance Corp.’s …
Governor Charlie Crist signed legislation that will re-enact Florida’s Motor Vehicle No-Fault Law and ensure that drivers have $10,000 worth of health care benefits through personal injury protection or PIP coverage by Jan.1, 2008. The legislation also reforms the law …
