Worker’s Compensation Insurance Rate Filing Dominates May Hearings Schedule at the Division of Insurance
May 2, 2012 – The Division will continue to focus on the proposed 19.3 percent rate increase for worker’s compensation insurance.
DOI Hearing Schedule for April 2012
April 2, 2012 – The Division of Insurance has published its hearing schedule for the month of April.
The DOI’s March Hearing Schedule Is Now Available
March 8, 2012 – The Division of Insurance has published its hearing schedule for the month of March.
Commissioner Murphy Elected To Leadership Role in National Association of Insurance Commissioners
FEB. 28, 2012 – Commissioner Murphy is voted Chair of NAIC’s Northeast Zone and takes seat on Government Relations Leadership Council.
Division of Insurance publishes its hearing schedule for February
The Massachusetts Division of Insurance has published its hearing schedule for the month of February 2012.
Hearing on FAIR Plan’s Proposed Rate Hikes Rescheduled for January 19, 2012
The Division of Insurance has rescheduled the FAIR Plan Rate Hearing that was to have taken place on December 19, 2011. The new hearing date is January 19, 2012 at 10:00 a.m. at the offices of the Division of Insurance and will consider whether to …Read More
DOI Releases Its Estimates on Damage Caused by Irene
The Division of Insurance released its figures regarding Tropical Storm Irene. It estimates that total insurance claims from the tropical storm now number 28,500 and total damages total approximately $90,000,000. Here is a breakdown on the claim and damage amounts by county: Claims by County …Read More
Bulletin 2011-16; Procedures Related to Damage That Occurred in Berkshire, Franklin, Hampden and Hampshire Counties
Background From August 27 through August 29, 2011, portions of Massachusetts suffered significant damage as a result of severe weather conditions related to Tropical Storm Irene. On September 3, 2011, the Federal Emergency Management Agency (“FEMA”) issued a Major Disaster Declaration for Berkshire and Franklin …Read More
DOI Launches New Toll-Free Number for Consumer Complaints & Inquiries
The Division of Insurance announced yesterday that it has created a new toll-free hotline number 877-563-4467 for insurance -related complaints and questions. The new toll-free number is a way for consumers to contact us and get information they need, or file a complaint if necessary,” …Read More
Massachusetts Becomes 50th State to Join the NIPR Licensing System
Beginning this month, Massachusetts insurance agents can choose whether to renew their resident producer licenses online on either the National Insurance Producer Registry website or the Division of Insurance’s Ollie. Massachusetts’ decision to join this national registry makes it the the fiftieth state to join the …Read More
New Requirement for MA Motor Vehicle Insurance Policies
In the interest of promoting transparency to affected consumers, the DOI has announced that all insurers shall be required to include specific language as to the determination of the actual cash value of a damaged motor vehicle as set forth in 211 CMR 133.05(1), or …Read More
DOI Upholds Denial of Individual Producer’s License to Applicant, Paul Burke
On January 31st of this year, Mr. Burke submitted a Uniform Application for an Individual Producer License/Registration with the Division of Insurance. On March 25, 2011, Diane Silverman Black, the DOI’s Director of Producer Licensing sent a letter to Mr. Black denying his application because …Read More
A More National Profile for Commissioner Murphy
Insurance Commissioner Joseph Murphy has been elected to the National Association of Insurance Commissioner’s Executive Committee and as a Secretary-Treasurer of the Association’s Northeast Zone, which spans from Maine to Washington, DC. These new appointments will expand both the Commissioner’s profile and leadership role on …Read More
Attorney General Coakley asks Insurance Commissioner Murphy to reduce commercial auto insurance rates
The Attorney General for Massachusetts, Martha Coakley sent a letter yesterday to the Insurance Commissioner Murphy requesting that he reduce commercial auto rates in Massachusetts via his statutory authority under G.L. c.175 . In her letter, the Attorney General cited the Commissioner’s previous failure to reject …Read More