There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics. For those who serve as their state’s ultimate authority on what factors insurers can use to raise or lower rates, political calculations …
Massachusetts Insurance Commissioner Nonnie Burnes and Attorney General Martha Coakley are at odds over how best to regulate the state’s new competitive auto rates. Coakley thinks some insurers are being stingy with their rate cuts and wants to dig deeply …
Update: On Nov. 3, 2008, Christopher Mersereau and his corporation, Stoneymeade Farm LLC, located in Concord, Mass., entered into an agreement with the office of Attorney General Martha Coakley resolving charges originally reported in the story below. Under the terms …
Safeco announced that Paul Chmura has joined the company as Northeast regional executive. Chmura comes to Safeco from The Hanover Insurance Group, where he served as the regional vice president of sales and distribution for the Northeast region since 2004. …
Massachusetts is facing a daunting goal as it enters the second year of its grand experiment of extending health care coverage to nearly all citizens — reining in spiraling costs that could threaten the landmark law. “The sustainability of reform …
Massachusetts independent insurance agents, who now write more than 80 percent of the auto insurance market in the state, are getting some marketing help to protect that market share as they enter a new competitive rating era. The Massachusetts Association …
Narragansett Bay Insurance Co. in Rhode Island has sealed a deal to obtain $200 million from three private equity investors. The company said the equity will be used to grow the company’s homeowners business along the Eastern seaboard, insuring both …
The Massachusetts attorney general has accused Great American Insurance Group of bid-rigging for what she says was a fake price quote it submitted in 2004 to a Norwood technology firm. Attorney General Martha Coakley last week filed a lawsuit alleging …
The death of a 13-year-old Taunton, Mass. boy last month has prompted new calls to ban text messaging while driving. Craig Bigos of New Bedford told police he was sending a text message to a friend when he swerved and …
The Travelers Cos. Inc. will pay $6 million to settle investigations in 9 states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in Michigan, Florida, Hawaii, …
