Reprinted with the Permission of Jeff Jeffrey, Best News Service BOSTON – Massachusetts Insurance Commissioner Joseph Murphy told Best’s News Service the recently enacted law banning credit-based insurance scoring in automobile insurance underwriting and rating in the state was more than the “non-issue” some industry representatives said it was. The new law, which was recently […]
DOI News | Massachusetts Division of Insurance
News and updates from the Massachusetts Division of Insurance.
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 approve the Massachusetts Property Insurance Underwriting Association’s rating filings for […]
MA Insurance Commissioner Murphy Makes His Television Debut
This week The Division of Insurance and the National Association of Insurance Commissioners unveiled a new public service announcement called "The Right Fit." The advertisement takes a comedic approach in encouraging consumers to ensure that their insurance policies fit their specific needs.
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 in the Commonwealth Barnstable: 1000 claims totaling $2,600,000 Berkshire: 350 […]
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 Counties, which makes individuals and state and local governments in […]
