A series of proposed new regulations in Massachusetts, calling for greater consumer protections in the auto insurance marketplace, are both ‘unnecessary and ill-advised,” according to an industry group.
As she exits her position as Massachusetts Insurance Commissioner, Nonnie Burnes is drawing praise from an insurance trade group and a free-market think tank for her work to end state-set auto rating for auto insurance.
The National Association of Mutual Insurance Companies is applauding a move by a nonprofit group to adopt a resolution in opposition to insurance bad faith legislation.
The American Legislative Exchange Council’s … Read →
The National Association of Mutual Insurance Companies says a proposed bill in New Jersey regarding unfair claim practices will likely lead to higher costs.
S-132, An Act Concerning Unfair Claim Practices … Read →
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.