A list of the top ten largest writers of homeowner’s multi-peril insurance in the Commonwealth of Massachusetts based on 2010 written premium.
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Life Agent Loses $1,500,000 Appeal on Misrepresentation Suit over Policy Sold to Uncle; SJC Makes First Ruling on Life and Annuity Rescission Statute
January 13, 2012 – The Supreme Judicial Court has affirmed the award of damages, prejudgment interest, punitive damages, attorney’s fees and costs totaling over $1.5m against a Massachusetts life insurance agent, Frederick V. McMenimen, III. The court also reversed the judgment dismissing the G.L. c. 93A claims against three subsidiaries of Nationwide Life Insurance Company […]
The Top Ten Auto Insurance Companies in Massachusetts
#10. Progressive Direct Insurance Company (NH) 2010 Written Premium: $28,563,937.00 2010 Market Share: 3.4% 2009 Written Premium: $118,928,475.00 2009 Market Share of 3.34%. Position last year: 10 #9. Citizens Insurance Company of America (Hanover) (MI). 2010 Written Premium: $124,133,260.00 2010 Market Share: 3.4% 2009 Written Premium:$134,462,03.00 2009 Market Share:3.78% Position last year: 8 […]
National Transportation Safety Board Calls on States To Ban Driver Use of Electronic Devices
Despite recent passage of a texting-while-driving ban in Massachusetts, anyone who spends even a short time on the Bay State’s roads will see drivers using increasingly common and sophisticated cell and smart phones while behind the wheel. The national conversation over the safety issues associated with that trend will likely be influenced in the coming […]
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 […]
