Mass. 4th most expensive for auto insurance in '05
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Massachusetts held steady as the fourth-most-expensive state for auto insurance in 2005, according to the most recent state-to-state data from the National Association of Insurance Commissioners.
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New York City, where tolls are $6 and putting your car in a parking garage for just an hour can run you $20, is already an expensive place to drive. Now the mayor wants to make it so costly some people won't even bother driving and will take mass transit instead.
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NEW YORK -- Hurricane Charley will likely cost insurers at least $7.4 billion, according to the Insurance Institute, an industry trade group that based its estimate on initial claims data from Florida residents and businesses.
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The four hurricanes that hit Florida this season combined to beat the record set by Hurricane Andrew for insured losses in what may be the nation&#39;s costliest hurricane season ever, officials said Tuesday.
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New York and Connecticut state officials said they are investigating whether improper behavior by insurance companies has been a factor in the rapidly rising cost of malpractice insurance for lawyers and doctors.
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The cost of insuring companies against   lawsuits from products such as faulty tires and asbestos has   dropped as much as 10 percent this year, the largest decline in   more than a decade, insurance specialists say.
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It was the fourth consecutive year of double-digit increases in health insurance premiums, which has resulted in a decline in the number of insured workers.
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Hurricane Charley could cost insurance companies at least $7.4 billion to pay for damaged homes and businesses, according to estimates released Wednesday by the Insurance Information Institute.
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Peerless Insurance, which led a wave of insurers fleeing the state's heavily regulated market in the 1980s, said yesterday it plans to be the first new insurer to enter Massachusetts as the state introduces auto insurance competition on April 1.
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New Jersey's former insurance commissioner said it will be difficult to attract national automobile insurance carriers to Massachusetts without allowing them to use such socioeconomic factors as credit history, homeownership, occupation, or education.
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Geico Corp., the nation's fifth-largest auto insurer, started selling policies in New Jersey yesterday for the first time in 28 years, leaving Massachusetts as the lone state where the company won't do business.
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The state's three major health insurers yesterday reported 2006 profits for the fourth quarter and full year. Blue Cross Blue Shield of Massachusetts, Harvard Pilgrim Health Care, and Tufts Health Plan all benefited from strong investment income.
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Dec. 14, 2004 - Some of America&#39;s largest employers saw the cost of covering medical care for former workers go up about 25% between 2003 and 2004, continuing a trend that analysts warn is threatening the
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Natural disasters cost insurers $42 billion this year, making 2004 the costliest ever for the industry, even before tsunamis struck tourist resorts in Thailand and Malaysia, the Insurance Information Institute said.
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Attorney General Thomas F. Reilly yesterday appealed a regulator's decision allowing the state's home insurer of last resort to raise premiums 25 percent on Cape Cod and the islands and an average of 12.4 percent across the state.
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In what Governor Mitt Romney hopes will be a regulatory swan song, Massachusetts officials yesterday began hearing testimony on rate increases sought by the state's automobile insurers and agents that would boost the average premium of drivers next year by 9.3 percent, to $1,183.
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Safer cars and a boomlet of more cautious drivers are nudging auto insurance rates down across the nation, but industry officials say prices appear to be falling even faster in Massachusetts.