FEB. 14, 2012 – A look at the facts and figures surrounding the Division of Insurance’s Consumer Hotline.
Regulation & Compliance
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.
Division of Insurance Fines Progressive Insurance
The Division of Insurance announced today a financial settlement with Progressive Direct Insurance Company for $125,000 dollars. The Division of Insurance says that the company “…erroneously informed some Massachusetts consumers that they had used credit information to determine their automobile insurance rate through its website.” State regulations (211 CMR 79.05(13)) do not allow for credit […]
Mass. Commissioner: Law Banning Credit Scoring Will Benefit Consumers
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 […]
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 […]
