The Massachusetts Division of Insurance (DOI) announced Friday it has reached a settlement with the Workers’ Compensation Rating and Inspection Bureau (WCRIB) and the Massachusetts Attorney General’s office to keep the state’s workers’ comp rates at current levels. The WCRIB …
At a recent public hearing, Massachusetts Attorney General Martha Coakley’s office expressed its opposition to the workers’ compensation average rate increase proposal and argued that the rate should be lowered instead. The Attorney General’s office expressed its view at the …
The Massachusetts Division of Insurance announced Tuesday a hearing will be held on Jan. 30 to consider the request of the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIB). WCRIB is a private non-profit unincorporated association of insurers that …
The Massachusetts Division of Insurance recently published a list of enforcement actions taken against producer licensees for the 2013 third quarter. The DOI’s special investigations unit examined a number of alleged violations and reached settlements in nine cases and levied …
Massachusetts regulators this month issued a bulletin announcing that producers for all lines of insurance may charge their clients fees in connection with the sale of insurance products. A statewide independent agent association said the bulletin represents a big change …
The Massachusetts Division of Insurance says that so far, 207 Boston Marathon bombing-related property/casualty claims have been reported by the top 25 insurers and the residual market insurer Massachusetts FAIR Plan. These include claims from Boston, Watertown, Cambridge and any …
The Massachusetts Division of Insurance announced that Privilege Underwriters Reciprocal Exchange (PURE) and Esurance automobile insurance are now available for Massachusetts consumers. The Division of Insurance said that since Gov. Deval Patrick introduced managed competition in the auto insurance market …
The Massachusetts Division of Insurance said it is currently examining claims arising from the April 15 Boston Marathon bombings in an effort to understand the insurance claims filed and paid, in line with examinations the Division has previously undertaken following …
