Insurance

Insurance

AG Returns $6.3 Million to Homeowners After Investigation of Improper Charges by Insurance Company

Following an investigation and audit by Attorney General Maura Healey’s Office, a major Massachusetts insurance company is paying more than $6.3 million in refunds to more than 4,500 homeowners who were improperly charged for property insurance.

Major Insurance Company to Refund Massachusetts Homeowners for Improperly Charged Force-Placed Insurance

In the third such settlement in the past year, a company has agreed to provide refunds to Massachusetts homeowners who were improperly charged for force-placed insurance policies, Attorney General Maura Healey announced today.

FAIR Plan to Refund Consumers $350,000 Over Allegations it Unfairly Cancelled Homeowners Insurance Policies

The Massachusetts Property Insurance Underwriting Association (FAIR Plan) has agreed to pay $350,000 to resolve allegations that it impermissibly cancelled homeowners insurance policies between January 2010 and February 2014, Attorney General Maura Healey announced today

HSBC to Pay $4 Million, Refund Homeowners for Accepting Compensation Tied to Force-Placed Insurance

National mortgage lender and servicer HSBC has agreed to pay $4 million to resolve allegations that it received commissions and other kickbacks relating to force-placed insurance policies that it procured for struggling Massachusetts homeowners, Attorney General Maura Healey announced toda

AG Healey Sues Mortgage Broker and Insurance Agent for Taking Advantage of Elderly Homeowners

A Norwell-based mortgage broker, one of its loan originators, and an outside insurance agent have been sued for sales tactics that convinced elderly homeowners to apply for reverse mortgages and invest their proceeds in risky financial products, including variable annuities, Attorney General Maura Healey announced today.

Southern Mass Credit Union is a MassHousing MI Plus™ Lender

MassHousing announced today that Southern Mass Credit Union (SMCU) is now approved to insure home mortgage loans with MassHousing’s signature MI Plus™ mortgage insurance.

Massachusetts REALTORS® Praise Senate Passage of Bill to Delay Flood Insurance Rate Hikes

WALTHAM, Mass. - February 4, 2014 - (RealEstateRama) -- Massachusetts REALTORS® applauded U.S. Senate passage today of the Homeowner Flood Insurance Affordability Act, S. 1926. In a 67-32 bi-partisan vote, the bill would require a four year delay in implementation of costly flood insurance rate increases resulting from the 2012 Biggert-Waters Act.

AG Coakley, Speaker DeLeo File Legislation Limiting Amount of Mandatory Flood Insurance for Homeowners

BOSTON - October 16, 2013 - (RealEstateRama) -- In an effort to assist homeowners facing significant flood insurance increases due to FEMA’s updated and expanded flood zone maps, Attorney General Martha Coakley and House Speaker Robert DeLeo have filed legislation today to cap the amount of flood insurance mortgage lenders may require of homeowners

With Tornado and Wind Damage Covered by Homeowners Insurance, Patrick-Murray Administration’s Division of Insurance...

BOSTON, MA - June 2, 2011 - (RealEstateRama) -- With tornado damage covered by homeowners’ insurance, the Patrick-Murray Administration’s Division of Insurance is offering tips on the best way to file a claim with an insurance company to families who suffered damage in yesterday’s tornadoes and storms.

Commissioner Burnes Rejects Fair Plan Rate Increases for Massachusetts Homeowners

Decision prevents premium hikes for FAIR Plan policy holders across the state BOSTON – Insurance Commissioner Nonnie S. Burnes today denied the FAIR Plan’s request...

MINTZ LEVIN ESTABLISHES PRACTICE GROUP DEDICATED TO SUBPRIME MARKET CRISIS

Multi-disciplinary Group Advises Clients on Full Range of Legal Issues in Wake of Subprime Market's Collapse  BOSTON, MA - December 3, 2007 - Responding to an...

Springfield, Free Workshop for New Homeowners, October 15 & 22, 2007

NEW HOMEOWNERS -- HOW IS HOMEOWNERSHIP TREATING YOU?Now that you own your own home, come join us to learn more about: creating and maintaining...

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Rising Pending Home Sales in September Could Signify a Busy Fall...

The Massachusetts Association of Realtors® (MAR) reported today that single-family pending home sales jumped over four percent this month from September of last year, with prices rising close to five percent. Pending condominium sales were also up, rising more than three percent over last year, while prices increased slightly. Realtors® confidence in the market and in home prices were both up again in September. This month’s “Hot Topic” question asks Realtors® how they would describe the appraisal process in the last six months