Massachusetts lawmaker aims to stop homeowners insurance rate increases

December 7, 2015December 6, 2015 G. Turner

After the losses from last winter that were greater than $1 billion, insurers have received approval for hikes. Although a decision has already been made to approve the homeowners insurance rates hikes that were requested by some of the top insurers in Massachusetts, the chairman of the Division of Insurance state Senate committee is now seeking to have that decision reconsidered by opening hearings to determine if those increases are truly justified. This is focused primarily on the rate increases approved for two of the largest insurers in the state.…

Life insurance sales to begin in Massachusetts by Mapfre USA

August 28, 2014August 25, 2014 H. Cutner

The largest auto insurer in the state has now announced that it is branching into this coverage sector. The Commerce Insurance parent company, Mapfre USA, has now announced that it will be branching out into the life insurance market in Massachusetts, expanding its offerings to consumers in the state. This is occurring as the company faces increasing competition in the auto insurance market. Large national companies such as Progressive and GEICO have been putting the pressure in the traditional business of Mapfre USA, so that insurer is now reaching out…