January 31, 2025
The Massachusetts standard auto policy does not require an insurer to pay inherent diminished value (IDV) to a claimant whose vehicle is damaged by one of its insureds. The Massachusetts Supreme Court in a 6-0 ruling has upheld dismissal of …
June 23, 2023
A judge in Massachusetts has denied class certifications for claimants seeking payments from two insurers for the lost resale value of their motor vehicles that were damaged in accidents and then repaired. Suffolk County Superior Court Justice Kenneth W. Salinger …
November 2, 2021
A proposed bill was heard last month in the Massachusetts legislature that aims to place a time limit on auto insurance claims investigations and would make investigating insurers responsible for premium payments until the cause of loss is determined. The …
October 26, 2021
Driving a truck too fast and injuring a fellow officer during a firearms training is not within the scope of employment duties for a Massachusetts police officer, the Massachusetts Supreme Judicial Court found. This means his insurer is on the …
November 27, 2017
The Supreme Judicial Court in Massachusetts (SJC) has answered a question regarding the priority of coverage for two automobile insurance policies covering a single motor vehicle accident. In its ruling, the SJC decided both excess policies cover the accident equally …
May 16, 2017
The Massachusetts Appeals Court has affirmed a lower court’s decision to charge the defendant in a case involving a Boston car accident with motor vehicle insurance fraud. However, the Appeals Court reversed the lower court’s decision to also charge the …
November 17, 2016
Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. In addition to Union Square Ventures, Index Ventures …
August 27, 2014
MAPFRE U.S.A. said it has begun selling a term life insurance product in Massachusetts, where MAPFRE’s affiliate Commerce Insurance Company is the largest auto and home insurance carrier. MAPFRE said it is seeking to leverage its dominant position in the …
July 8, 2014
Thousands of Massachusetts motorcycle owners will receive a total of $14.6 million in insurance refunds as a result of a settlement with Commerce Insurance Company after allegedly being overcharged on their policies. The settlement was announced by Massachusetts Attorney General …
May 19, 2014
A.M. Best has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Pennsylvania National Mutual Casualty Insurance Company and its subsidiaries, Penn National Security Insurance Company, Founders Insurance Company and Partners Mutual …