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 […]
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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 […]
Division of Insurance Approves Judson as New CAR President
Here is the Special Notice from the CAR website: Commonwealth Automobile Reinsurers is pleased to announce that Mr. Daniel R. Judson has been approved by the Division of Insurance to Assume the Position of CAR’s President. He plans to be on board as of November 1, 2011. Dan has a long-standing work relationship with CAR. […]
