Life insurance sales to begin in Massachusetts by Mapfre USA

life insurance agent policy

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…

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Allstate makes a return to Massachusetts after 25 year absence

Allstate Insurance company

Allstate returns to Massachusetts as regulations grow lax Allstate Insurance has announced that it is opening its first office in Massachusetts in over 25 years. The insurer had abandoned the state a quarter century ago due to its strict regulations concerning auto insurance rates. These regulations have seemed to be relaxed, however, creating an opportunity for Allstate to make its return. The insurer will be offering up auto insurance policies in the state by the end of the year. Auto insurance regulations drove away Allstate in the past The last…

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Mutual Life of Massachusetts approves $1.33 billion in dividends for consumers

Mutual Life Insurance, one of the largest insurers in Massachusetts, has announced that it will pay $1.33 billion in dividends to policyholders in 2012. The dividend is a long-standing tradition for the company, extending back to 1860 when it was first introduced. Last year, the company paid out more than $105 million. This year’s large sum is due to a number of factors, including growth in the life insurance market and less competition overall. The insurer will be doling out the money throughout 2012 to eligible policyholders. Customers that have…

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