February 19, 2010 – 10:40 am
Flo, the popular Progressive personality, will bring higher premiums with her quirky commercials and price zapping gun this quarter. Progressive entered the Massachusetts auto insurance market two years ago with rates attractively lower than most competitors. The lower premiums however have not endured as Progressive raises their rates for a fourth time since their debut [...]
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By Cassandra
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Posted in Insurance News, Save On Auto Insurance
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Also tagged Boston Globe, cheap auto insurance, competitive rates, der, Insurance Commissioner, Joe Murphy, Massachusetts au, massachusetts auto insurance, Massahcusetts auto, massdrive, MassDrive Direct Auto Insurance, Progressive, Saving Money On Auto Insurance, successful deregulation
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February 10, 2010 – 11:11 am
Joseph Murphy has been named the new Commissioner of the Massachusetts Division of Insurance. He has acted as commissioner since September 2009 after Nonnie Burnes resigned from the position. Serving as first deputy of commissions since 2006 he has played an active role in the transition to managed competition. However this is not his only [...]
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January 29, 2010 – 6:55 am
As you may have heard, recent studies showed that coverage costs did not decrease in Massachusetts after deregulation of the market. Although an increase in insurance carriers in Massachusetts has allowed for more options, many drivers are sticking with their current plans. I’m here to tell you that you don’t have to settle for a [...]
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December 31, 2009 – 6:46 am
New reports are showing that deregulation of the insurance market is not proving to be successful. “When the Division of Insurance introduced the new deregulated auto insurance system nearly two years ago, they contended that this system would result in better rates for consumers,” said Attorney General Martha Coakley in a statement. “While the long-term [...]
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For decades, Massachusetts was one of the few states that still operated their insurance market under strict regulations. These regulations forced all providers to offer the same product, essentially eliminating all competition between companies. On April 1, 2008 the whole playing field changed when deregulation of policy prices was set in place. Since then, big [...]
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