Insurance Reform News
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11/28/2007
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Based on a review of the last 10 years of insurance rate filings and the proposed rates by the Auto Insurance Bureau (AIB), it is reasonable to believe that the average insurance rate would have dropped next year (2008) by an average of about 11.5%. | |
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11/26/2007
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Boston. According to a bulletin issued by the Office of the Attorney General, the auto insurance rates filed by the auto insurers last week are on average worse than reported.
The bulletin (attached here), released after a review of the insurers’ filings, found that the average rate decline was only 6% -- not 7.7% as calculated by the Division Insurance.
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11/08/2007
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From November 19 to November 27, auto insurance companies must file their rates, which will become effective starting in April 2008. Consumers need to be aware of what to expect and how to evaluate what the actual filings will mean to them. | |
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10/25/2007
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Contrary to recent news headlines and to statements by the Commissioner of Insurance, the newly deregulated auto insurance industry in Massachusetts will result in excessive premiums for consumers. | |
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10/24/2007
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A broad coalition of lawmakers, consumer groups and insurance agents announced their support today at the State House for a new bill which would ensure that auto insurance rates will be based on consumers’ driving records and not on unrelated or discriminatory factors. | |
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03/24/2008
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MASSPIRG and the Center for Insurance Research have discovered that at least two insurers – USAA and State Farm – are refusing to offer coverage to Massachusetts drivers, in violation of a Division of Insurance requirement. | |
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02/28/2008
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Under the new “managed competition†auto insurance rating system in Massachusetts, many good drivers will receive rate increases and many bad drivers will receive large rate decreases, based on factors having nothing to do with their driving records, according to a new report entitled ‘How You Drive’ Takes A Backseat to ‘Who You Are’: (Mis)Managed Competition in the New Massachusetts Automobile Insurance Market, released by two consumer groups – the Center for Insurance Research and MASSPIRG. | |