Massachusetts Division of Insurance News

Mass. Consumer Comments Highlight Concerns Over Home Insurance Rates

The Massachusetts Division of Insurance recently published on its website written public comments that were received in conjunction with the Division’s informational hearings on the Massachusetts home insurance marketplace. These consumer comments illustrate how some Massachusetts homeowners are feeling increasingly …

Mass. Workers’ Compensation Rating & Inspection Bureau Proposes Rate Hike

The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA) has submitted a rate filing to the Division of Insurance on behalf of its members. The Dec. 23 filing recommends a 6.4 percent increase in average rates for industrial classes …

Massachusetts Rejects Mapfre’s Ice-Dam Deductible Request

The Massachusetts Division of Insurance recently denied a request by Mapfre USA Corp. to add an ice-dam deductible to some homeowners policyholders who previously had multiple ice-dam claims. Mapfre USA Corp., the largest commercial home insurer in Massachusetts, had asked …

Mass. to Hold Public Hearings on Homeowners Insurance Marketing & Sales

Massachusetts state insurance officials are going on the road with a series of public hearings to explore how homeowners insurance is sold in Massachusetts. The Massachusetts Division of Insurance says the hearings will give consumers a chance to express concerns …

Mass. Senate Panel to Examine Recent Hikes in Home Insurance Rates

A Massachusetts Senate panel is examining recent hikes in homeowner insurance rates in Massachusetts. The Senate Post Audit and Oversight Committee has called insurance company officials and state regulators to testify at a public hearing on Tuesday. Sen. Michael Barrett, …

Massachusetts Senate to Launch Inquiry Into Home Insurance Rate Hikes

The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims activity. State Senator Mike Barrett (D-Lexington), chair of the …

Home Insurance Rates in Massachusetts Rising After Harsh Winter

Some of the largest home insurers in Massachusetts are raising premiums by about 9 percent to recoup what they paid out in claims for damage caused by last winter’s record-setting snowfall. The Boston Globe reports that the increases, much steeper …

Massachusetts DOI Issues Bulletin on Certificates of Insurance Law

The Massachusetts Division of Insurance (DOI) issued a bulletin to provide guidance on the implementation of Massachusetts General Laws Chapter 175L, concerning the issuance of certificates of insurance. Chapter 175L was signed into law on Jan. 7, 2015, by then-Gov. …

Judson Announced as Massachusetts’ New Insurance Commissioner

Massachusetts’ Executive Office of Housing and Economic Development (EOHED) announced Monday that Daniel R. Judson has been appointed by Gov. Charlie Baker as the state’s new insurance commissioner. The appointment is effective immediately, according to EOHED.

Mass. Gov. Baker to Appoint Judson as Next Insurance Commissioner: Report

Massachusetts Governor Charlie Baker plans to appoint Daniel Judson, the current president of Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, as the next commissioner of insurance, according to a report from the …