In response to the auto insurance revolution caused by the rise of usage-based auto insurance (UBI) also known as “pay-as-you-drive”, the global consulting firm Towers Watson announced this week that it is now offering a new drive-score analytic service to insurers. DriveAbility will provide analytical support for insurers that translates to an individual score for […]
mass auto news
Warm Well-Wishes for Retiring CAR President
There were lots of warm well-wishes for outgoing President Ralph “Buddy” Iannaco at yesterday’s CAR Governing Committee Meeting. The Governing Committee Chairman William Cahill gave a short speech at the end of the public meeting thanking Mr. Iannaco for his years of service at CAR and in particular, in his help in implementing the major […]
A New President & CEO for Liberty Mutual
Liberty Mutual announced today that its current President Edmund F. Kelly will retire as active head of the company on June 28, 2011. Mr. Kelly will be replaced by David H. Long, 50, on June 29, 2011. Mr. Kelly will remain with Liberty Mutual indefinitely serving as Chairman of the Board of the Liberty Mutual […]
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 […]
