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ABIR Welcomes Andrew Mais & Gary Anderson

Finegold pushes for insurance premium review

By Christian Wade Staff Writer Feb 18, 2021 Feb 18, 2021 Lawmakers and consumer advocates are renewing a call to require auto insurance companies to reduce monthly premiums, arguing that the industry has reaped big profits during the pandemic and drivers can use a break on their bills. State Sen. Barry Finegold, D-Andover, is among those demanding the state Division of Insurance to review insurance rates, premiums and losses, and require insurers to refund premiums out of their excess profits. “Drivers are effectively being punished for heeding public health guidelines and staying off the roads,” Finegold said. “Auto insurance companies have made windfall profits during 2020 because of reduced driving activity. As bills pile up, residents deserve and need additional relief on their insurance premiums.”

Coronavirus updates: 81,000+ active cases in Massachusetts

Massachusetts drivers deserve new round of auto insurance relief, lawmakers say

Massachusetts drivers deserve new round of auto insurance relief, lawmakers say Updated Dec 16, 2020; By Matt Murphy | State House News Service Five senators and seven House lawmakers, led by Sen. Barry Finegold, wrote a letter to Insurance Commissioner Gary Anderson on Friday urging him to order auto insurance companies to deliver another round of premium relief to drivers in light of reduced travel and accidents as a result of the Covid-19 pandemic. Insurance companies covering 98% of the market offered drivers premium reductions in the spring as a result of people quarantining at home to avoid the virus and not driving as much. But the lawmakers said that relief was not commensurate with the reduction in risk to insurers, who they said continue to benefit from people working from home and observing COVID-19 precautions.

Area Legislators Call for Automobile Insurance Cost Reductions as Drivers Stay Off the Roads

By Matt Murphy, State House News Service | December 14, 2020 Summer at Main Street in Haverhill. (WHAV News file photograph.) Five senators and seven House lawmakers, led by Sen. Barry Finegold, want another reduction in automobile insurance rates in light of reduced travel and accidents as a result of the COVID-19 pandemic. Besides Finegold, area legislators signing the letter to Insurance Commissioner Gary Anderson were Sen. Diana DiZoglio of Methuen and Rep. Christina Minicucci of North Andover. The unadjusted rates, they said, disproportionately impact lower-income communities that have been hit hard by COVID-19 and typically pay higher insurance premiums. Finegold, an Andover Democrat, said, “Drivers are effectively being punished for heeding public health guidelines and staying off the roads.”