Live Insurance News

Massachusetts to investigate homeowners insurance rate increases

September 24, 2015September 23, 2015 Logan B.

Senate panel to look into the rate at which homeowners insurance premiums are growing Homeowners in Massachusetts have been reeling from major insurance hikes in recent years. Many insurers have been raising rates by significant margins due to record snowfall over the past winter. Homeowners have expressed their concerns regarding the rate increases, which have placed them under a greater degree of financial stress. Now, state lawmakers are looking into the issue to determine whether or not the rate increases are necessary. Panel will be interviewing insurance professionals and regulators…

Homeowners insurance premiums continue to rise in Massachusetts

September 17, 2015September 16, 2015 Logan B.

State’s homeowners are expressing anger about higher premiums Homeowners in Massachusetts are growing more frustrated with high insurance premiums. The Massachusetts Division of Insurance has taken a step to help consumers better understand why rates are rising so quickly by making the rate review process open to the public. The decision may provide more transparency when it comes to increasing homeowners insurance rates. It is unlikely, however, that this will reduce the frustration that consumers are feeling when it comes to insurance premiums. Division of Insurance will provide more transparency…

Health insurance rates to go up in Massachusetts

September 2, 2015September 1, 2015 Marc

Consumers and businesses will see a modest increase in insurance premiums Health insurance premiums are set to grow in Massachusetts, as regulators have approved rate increases for small groups and individuals. The state will see a modest increase in rates when compared to others in the country. The Massachusetts Division of Insurance has posted information concerning the rate increases, providing consumers with an opportunity to review the rate increases coming from insurers and see how it will affect them and the coverage that they have. 300,000 people to be affected…

Boston 2024 releases information about policies it wants from the insurance industry

July 29, 2015July 28, 2015 S.Vagus

New information emerges about the policies the state is interested in for the 2024 Olympics Boston, Massachusetts, is looking to play host to the 2024 Summer Olympic Games, and those behind the Boston 2024 initiative have released more information about the insurance proposals they believe will provide coverage for those attending the Games. Boston 2024 is responsible for the push to bring the Olympic Games to Massachusetts. The committee behind the initiative has been working on overcoming challenges that prevent the Games from coming to the state by working with…

Massachusetts health insurance exchange finds success

May 8, 2015May 7, 2015 Logan B.

Survey shows that state’s insurance exchange has managed to serve many people in the state The health insurance exchange in Massachusetts may have been a resounding success, according to a new survey from the Center for Health Information and Analysis. The state served as a model for the Affordable Care Act, at least when it comes to the formation of an insurance exchange. Massachusetts enacted extensive health care reform in 2006, which lead to the creation of the Massachusetts Health Connector, which was the state’s first iteration of its insurance…