Massachusetts Governor Charlie Baker plans to appoint Daniel Judson, the current president of Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, as the next commissioner of insurance, according to a report from the …
Massachusetts Attorney General Maura Healey’s office sent a letter to the state’s Division of Insurance (DOI) this week, urging regulators to reject the proposed fee hike in the Massachusetts Automobile Insurance Plan (MAIP), the state’s private passenger auto insurance market …
The Massachusetts Division of Insurance issued a bulletin spelling out new disclosure requirements for insurance premium quotes for private passenger motor vehicle and personal property insurance. The Bulletin 2014-08, published on Oct. 20, addresses disclosure issues for coverage and premium …
The Massachusetts Division of Insurance issued a bulletin this week notifying the state’s insurance producers of recent changes to the continuing education requirements. The bulletin 2014-06, issued on Sept. 23, stated that Chapter 139 of the Acts of 2014 was …
The Massachusetts Division of Insurance (DOI) said the state’s insurers have so far received more than 1,300 claims from a rare tornado that ripped through the coastal city of Revere on July 28. The DOI said regulators have been collecting …
The Massachusetts Division of Insurance (DOI) announced this week its staff will be providing ongoing assistance for Revere residents and business owners who have open claims or other concerns related to the July 28th tornado. A team of DOI staff …
Auto insurance rates that fell sharply after deregulation in Massachusetts are climbing again. The Boston Globe reports that five years after Massachusetts began to allow insurers to set their own rates, the average premium was about the same as it …
The Massachusetts Property Insurance Underwriting Association (“FAIR Plan”) said its board of directors will meet next week to decide whether to file an appeal to challenge Insurance Commissioner Joseph G. Murphy’s decision to reject a rate increase request. The state-created …
Massachusetts Commissioner of Insurance Joseph G. Murphy announced Monday his decision rejecting the Massachusetts Property Insurance Underwriting Association’s (“FAIR Plan”) request to increase its statewide home insurance rates by an average of almost 7 percent. The Massachusetts Division of Insurance …
Massachusetts Insurance Commissioner Joseph Murphy announced Thursday an agreement with auto insurance giant GEICO to resolve inconsistencies in its reporting of auto accident information to Massachusetts state agencies and policyholders. Under the terms of the agreement, GEICO will modify certain …
