According to the results of the J.D. Power and Associates 2011 U.S. Insurance Shopping Study, for the first time since the study’s inception five years ago, a majority of new auto insurance buyers initiated their policy purchase by applying for a rate quote online. In particular, the study found that more than one-half (54%) of […]
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Mass. DOI Issues Revised Bulletin Regarding Private Passenger Group Marketing Plans
On May 19, 2011, the Division of Insurance issued Bulletin 2011-09 which replaces Bulletin 2007-13 regarding the Filing Requirements and Procedures for Private Passenger Motor Vehicle and Homeowners Insurance Group Marketing Plans Pursuant to M.G.L. c. 174 §193R. Like the original Bulletin, this revised version aims “to provide guidance to prevent abuses in connection with […]
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 Progressive’s unjustified rate increased in February of this year and […]
MA Chiefs of Police Want to Add $2-$2.50 Surchage to Auto Policies to Fund Training
“We don’t want a crisis and that’s what it’s coming to,” Northborough Police Chief and President of the Massachusetts Chiefs of Police Association, Mark Leahy told the Public Safety Committee late last week while promoting an auto insurance surcharge as the solution to the problem. Police Chief Leahy and the Association’s Executive Director Mark Sampson […]
Encompass Insurance Receives $6 million in Massachusetts Superior Court Case Against Chiropractors
Encompass Insurance, a subsidiary of Allstate, announced today that The Superior Court of Massachusetts entered civil judgments against Alan and Marc Cohen and has ordered them to pay Encompass $1,155,129 in damages. Encompass was one of four insurers to sue the Cohens and their chiropractic clinics, alleging the chiropractors engaged in the practice of submitting […]