Most plan to cut rates as state moves ahead with plan for managed competition for 2008 Auto insurance carriers are looking to compete by rewarding drivers with good driving records, good grades, hybrid vehicles, property policies and pets under auto …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Dump Truck Fleets Nuts & Bolts: The Maplewood Group is offering coverage for dump trucks …
Commissioner Sullivan vows departmental changes; also contends private coastal insurance market is working Connecticut consumers dealing with the state’s insurance regulatory agency should be left feeling they were given “mints on their pillow,” according to the no-nonsense man in charge. …
Insurance agents in Massachusetts support the state’s move to managed competition in private passenger auto insurance but oppose insurers’ use of credit scoring in rating or underwriting. They are expecting a lot of business movement as a result of the …
Encompass Insurance has further lowered its 2008 Massachusetts auto insurance rates for preferred risks by 5 percent, resulting in an overall statewide average decrease of 4.5 percent compared to the 3.4 percent in its original filing. The insurer has also …
Eighteen of the state’s 19 Massachusetts auto insurers amended rate filings for policies with April 2008 effective dates at the state’s Division of Insurance. The latest filings lowered rates from the origianl filings made on Nov. 19. The average reduction …
Marsh has announced the appointment of Artur Niemczewski as Chief Executive, Multinational within Marsh UK. Multinational comprises Marsh’s large account practices and specialty businesses. He will report to Marsh UK CEOMartin South. Niemczewski joins Marsh from Willis, where he held …
Massachusetts Attorney General Martha Coakley is pressing auto insurers in the state to lower their 2008 rates, arguing that their initial filings last week included more than $200 million in extra profits and payments to agents that wouldn’t have been …
Several Massachusetts auto insurers have amended last week’s filings to further lower rates and increase discounts for safe drivers while another revealed its plans for 2008 under the new managed care system. MetLife Auto & Home, one of the top …
More than five hundred businesses in Massachusetts that failed to offer insurance options to their employees under the state’s landmark health care law will be required to pay $5 million in fees. That’s far lower than original estimates. Under the …
