Insurer launches per-mile cover
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A pay-as-you-drive car insurance scheme is being introduced by Norwich Union.
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The insurance industry planned to propose a series of steps the companies say would let more individuals obtain coverage.
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The bond insurer MBIA raised $1 billion on Thursday by selling shares at $12.15 each in an effort to protect its AAA insurance rating.
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Its new insurance mandate kicks in July 1. Some see a model for the rest of the US.
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The price of home insurance on Cape Cod and the tony islands of Martha's Vineyard and Nantucket is soaring, but thousands of homeowners are being insulated from the price shocks by a state regulatory system originally set up to protect low-income residents of inner-city neighborhoods.
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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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For the past 30 years, state insurance commissioners in Massachusetts have held a hearing each spring on whether automobile insurers should be allowed to set their own rates. Like actors following a script, the answer has always been the same: no.
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TripSense electronic monitor tracks driving time and behavior to help insurance company assess risk.
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Greenstone Holdings, Inc. (PINKSHEETS: GSHG) announced today that Market Advisors initiate coverage on the Company with target price of 45 cents per share.
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One day after Marsh &amp; McLennan Cos. ousted its chief executive, the nation&#39;s largest insurance broker said it will tell its clients exactly how much they are paying
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Keep your eyes peeled, and you might end up getting your new car covered, for free.
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Why pay more than you need to for insurance?
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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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By Mike Lindblom, Seattle Times  Jun. 5--Safeco Insurance will soon offer its customers a tracking device that lets parents monitor the speed and location of their teen children who are out driving.
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AIG this week launched a new insurance policy that offers small and medium businesses protection from the costs involved in complying with data disclosure laws in the event of a breach.
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In Massachusetts, where the average annual auto insurance premium is nearly $1,100 and drivers are involved in more accidents than anywhere else in the country, a claim for $4,000 barely raises an eyebrow.
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Insurance Commissioner Nonnie S. Burnes yesterday said she plans to give the 4 million drivers in Massachusetts a taste of auto insurance competition next year, letting them shop around for the best deal for the first time in 30 years.