FOR IMMEDIATE RELEASE
MMA Announces MA AGO Settlements with 2 Additional Insurance Carriers!
The Massachusetts Motorcycle Association (MMA) is pleased to announce that the Massachusetts Attorney General’s Office (AGO) today announced that an additional $2.8 Million in insurance refunds are expected to Massachusetts Riders. This brings the total agreements to 17 insurance companies and nearly $43 million in refunds to Massachusetts’ Motorcycle Owners.
Under the terms of today’s announced settlements, Encompass Insurance, a subsidiary of Allstate, and Amica Mutual Insurance Company will make refunds totaling $2.8 Million to Massachusetts policyholders. Joining the prior 15 carriers, the two additional insurance companies are expected to send out over 10,000 refund checks before the end of January, averaging just under $300 each, with some exceeding $1,000.
“We continue to applaud the efforts of the Attorney General’s Office and their continual communications with the MMA since the start of these investigations.” stated Doc D’Errico, MMA Vice Chairman and the primary contact with the AGO, “The efforts of the Insurance & Financial Service Division of the AGO have been nothing but stellar – they painstakingly have reviewed every single insurance policy to assure Motorcyclists are being treated fairly! We look forward to continuing to work with them to identify motorcyclists who have not received their refunds.”
The full list of carriers now includes American Automobile (Firemans Fund), Amica Mutual Insurance Company, Arbella, Electric Insurance, Encompass Insurance (a subsidiary of Allstate), Hanover Insurance, Liberty Mutual, Metropolitan Property & Casualty, NGM Insurance (aka Main Street America), Norfolk & Dedham, OneBeacon (aka Mass. Homeland), Pilgrim Insurance, Plymouth Rock, Premier Insurance Company of MA (Travelers), Quincy Mutual, Safety Insurance, and USAA. Amounts vary by the numbers of policies each carrier held during the time period and also the pricing policies used.
The AGO continues to work with all insurance carriers who do business in Massachusetts to assure that the practices used result in proper pricing of policies and further announcements are expected in the future.
In order to be eligible for a refund, the insured must have purchased comprehensive and/or collision insurance coverage for a motorcycle on or after January 1, 2002 and that motorcycle must have been overvalued by the insurance company for the purpose of calculating premiums. Consumers who think they may be entitled to a refund can use the Attorney General’s Motorcycle Insurance Refund Lookup Webpage at:
www.motorcycle.ago.state.ma.us
…to find out whether they are eligible, and if so, how much they are entitled to receive.
Motorcycle owners can also find more information concerning the settlements on the AGO’s website:
www.mass.gov/ago/motorcycles
…or by writing the Massachusetts Motorcycle Association at MyRefund@MassMotorcycle.org
For more information, please see http://www.massmotorcycle.org or contact ViceChair@MassMotorcycle.org
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Be sure to order your 2013 MMA Harley-Davidson Bike Raffle Tickets at http://www.massmotorcycle.org! The 2012 Tickets were SOLD OUT!
©2012 Massachusetts Motorcycle Association – Documents referenced herein are with permission of their respective Copyright owners.