Testimony, Reports, and Press Releases

Title: Group Homeowners Insurance In Massachusetts: Market Assessment
Date: July 12, 2005, 10:22 pm
Author: Center for Insurance Research
Abstract: CIR's market assessment on group homeowners insurance

Title: Failure to Protect - Failure to Serve 2003
Date: January 1, 2004, 7:37 am
Author: A Center for Insurance Research Report
Abstract: An analysis of state regulator's consumer protection activities

Title: Failure to Protect – Failure to Serve 2002
Date: April 30, 2002, 11:57 am
Author: CIR Report
Abstract: An Analysis of the Massachusetts Division of Insurance's Consumer Protection Activities

Title: Consumer Coalition Applauds Congressman Frank’s Policyholder Protection Legislation
Date: April 17, 2002, 7:08 pm
Author: Press Release
Abstract: Federal legislation filed to protect consumer rights

Title: MassMutual Testimony
Date: April 8, 2002, 7:30 am
Author: Nathaniel Orenstein
Abstract: Nathaniel Orenstein's testimony from MassMutual's policyholder meeting.

Title: Letter Submitted to MassMutual Management Regarding Its Proposed By-Law Changes
Date: April 8, 2002, 7:09 am
Author: CIR
Abstract: Letter from MassMutual members requesting the board withdraw proposed company by-law changes.

Title: Failure to Protect - Failure to Serve 2001
Date: April 25, 2001, 10:09 pm
Author: CIR Report
Abstract: An Analysis of the Massachusetts Division of Insurance's Consumer Protection Activities

Title: Study Finds Massachusetts Insurance Regulator's Budget Ranked Lowest of 50 States for Industry Size
Date: April 19, 2000, 7:33 pm
Author: Press Release
Abstract: Study Also Shows Insurance Division Ranks 46th in Policing Insurers for Insolvency and Fraud

Title: FCCI Plan Receives Conditional Approval
Date: May 13, 1998, 7:52 pm
Author: Press Release
Abstract: Consent Order Raises Possible Conflict with SEC

Title: NY Assembly Insurance Committee Blasts Mutual Holding Company Concept as 'Fundamentally Flawed'
Date: April 29, 1998, 8:06 pm
Author: Press Release
Abstract: Long-Awaited Report Harshly Critical Of MetLife/Pataki Bill

Title: Mutual Holding Company Concept Under Fire
Date: March 25, 1998, 8:33 pm
Author: Press Release
Abstract: Recent Setbacks Put Viability of MHC Concept in Doubt

Title: Allied Mutual Policyholder Seeks Return of Hundreds of Millions Lost to Executives
Date: January 13, 1998, 8:40 pm
Author: Press Release
Abstract: Directors Charged with Breach of Fiduciary Duty

Title: Ameritas Policyholders Challenge Ruling by the Nebraska Department of Insurance
Date: November 25, 1997, 8:47 pm
Author: Press Release
Abstract: Decision Allows Mutual Insurer to Convert to Stock Form Under New and Untried Law, Policyholders Unfairly Treated

Title: Insurance Regulators Form Group to Scrutinize Mutual Conversions
Date: June 12, 1997, 9:02 pm
Author: Press Release
Abstract: NAIC to Make Priority Issue

Title: Consumer Coalition Urges Committee to Overhaul Mass Insurance System
Date: May 12, 1997, 9:07 pm
Author: Press Release
Abstract: Bill Checks Insurance Commissioner Powers, Beefs Up Policyholder Rights, Opens Up Group Auto, and Establishes Permanent Consumer Watchdog

Title: Stealth Insurance Mutual to Stock Bill Unmasked by Consumer Group
Date: February 19, 1997, 9:21 pm
Author: Press Release
Abstract: 10 Billion Dollars of Policyholder Assents at Stake

Title: Federal Class Action Challenges Old Guard Mutual Insurance Co's Conversion & Sale as a Stock Company
Date: February 7, 1997, 9:27 pm
Author: Press Release
Abstract: Lawsuit challenges nation's first solvent mutual-to-stock insurer change that strips policyholders of all assets, rights. Seeks damages from directors, who gain over 25% control of company, seek to enrich themselves in deal.

Title: Consumer Group Supports Bill to Return $150 Million Auto Insurance Overcharge
Date: December 19, 1996, 9:36 pm
Author: Press Release
Abstract: Urges creation of a Consumer Protection Charitable Trust. Submits Data Showing Massachusetts Auto Insurers Among Most Profitable Nationally

Title: Consumers File Bill to Overhaul Mass. Insurance System
Date: December 5, 1996, 9:41 pm
Author: Press Release
Abstract: Bill Checks Insurance Commissioner Powers, Beefs Up Policyholder Rights, Opens Up Group Auto, and Establishes Permanent Consumer Watchdog

Title: Consumer Advocates Argue for Return of Overbilled Premiums
Date: November 22, 1996, 10:03 pm
Author: Press Release
Abstract: Urge Adoption of a "Consumer Protection Charitable Trust" to Watchdog Insurers in Future

Title: Mass Insurers Subject to Little Oversight
Date: October 24, 1996, 10:17 pm
Author: Press Release
Abstract: Public records show insurance division fails to monitor companies for discrimination & fraud

Title: Consumer Group Files Suit Against Mass Insurance Commissioner in $500 Million Insurer Insolvency
Date: September 25, 1996, 10:24 pm
Author: Press Release
Abstract: Mass approval of insurer relocation to Bermuda also subject of federal inquiry

Title: Billion Dollar Weld Insurance Scam Subject of Investigative Report
Date: September 19, 1996, 10:30 pm
Author: Press Release
Abstract: Boston Phoenix cover story highlights consumer group's litigation exposing illegal conduct and cover up by insurance commissioner

Title: MA Court Lifts Restraining Order Blocking Insurance Commissioner from Approving Merger
Date: August 14, 1996, 10:34 pm
Author: Press Release
Abstract: Finds policyholder plaintiffs "present compelling argument" they will prevail in seeking records in commissioner's possession

Title: Policyholders File Lawsuit to Block Merger of MetLife and New England Mutual Insurance Co.
Date: July 31, 1996, 10:45 pm
Author: Press Release
Abstract: Massachusetts court bars commissioner from acting; schedules permanent injunction hearing

Title: Committee to Save Farm Family for Policyholders Formed
Date: June 3, 1996, 10:51 pm
Author: Press Release
Abstract: Board urged to prohibit management profiteering

Title: State Insurance Consumer Hotlines: Tepid Help and Frequent Misinformation
Date: May 23, 1996, 11:03 pm
Author: Press Release
Abstract: National Survey of State Insurance Departments Released Today

Title: John Hancock Sets Up Special Committee to Investigate Alleged Wrongdoing by Its Own Directors
Date: May 21, 1996, 10:56 pm
Author: Press Release
Abstract:

Title: Family Farm Conversion Plan Approved NY Insurance Department Over Policyholder Objections
Date: May 2, 1996, 5:01 pm
Author: Press Release
Abstract: Opposition Among Farmers Growing

Title: Secretary of State Orders Attorney General to Turn over Documents to Consumer Group
Date: May 1, 1996, 5:09 pm
Author: Press Release
Abstract: A.G. Given Ten Days to Release Extensive Documents from Central Mass Health Care and MetroWest Merger Deals Brokered by Attorney General. Ruling Holds A.G. Subject to Open Government Laws for Conversions of All Nonprofit Health Care Companies.

Title: Farm Family Board Set to Vote on Plan
Date: April 22, 1996, 6:01 pm
Author: Press Release
Abstract:

Title: Policyholder Demand Made on Hancock Board to Cure Harm from Illegal Lobbying Activities
Date: April 8, 1996, 5:21 pm
Author: Press Release
Abstract: Removal, Personal Liability of Responsible Board Members and Officers Demanded

Title: Consumer Group Suit Against Insurance Division Moves Forward Judge Denies Request for Dismissal
Date: January 31, 1996, 5:27 pm
Author: Press Release
Abstract:

Title: Private Settlement Revealed by Insurance Division to Undermine Consumer Critics
Date: January 15, 1996, 5:34 pm
Author: Press Release
Abstract: Agreement Nets Conversion Plan Changes and $600,000 for Policyholders

Title: Consumer Group Seeks Judicial Sanction of Mass Insurance Commissioner
Date: November 14, 1995, 5:37 pm
Author: Press Release
Abstract: Lawsuit seeks production of illegally withheld documents from state's first demutualization.

Title: MA Insurance Commissioner Ordered to Release Illegally Withheld State Mutual Documents
Date: August 17, 1995, 5:43 pm
Author: Press Release
Abstract: Commissioner fought release for six months; kept information out of demutualization hearings

Title: Mass Group Auto Insurance Plans Grow 400% in Year, Creating Universal Access to Discount Insurance
Date: August 8, 1995, 5:49 pm
Author: Press Release
Abstract: Actuarial savings derived from marketing, administrative efficiency; group potential to promote safety, save lives neglected

Title: Letter to the Editor, The Boston Globe
Date: July 31, 1995, 5:59 pm
Author: Press Release
Abstract: Secretary of Consumer Affairs Priscilla H. Douglas did a disservice to consumers in attacking Benjamin Lipson and attempting to cover up for the exclusionary practices of the Division of Insurance in the matter of State Mutual Life Insurance company in her July 4th letter.

Title: Policyholders of "State Mutual Life" Oppose Company Plan to Convert to Stock Company
Date: June 20, 1995, 6:06 pm
Author: Press Release
Abstract: $16 Billion Conversion Would Be Second Biggest in U.S. History. Board Legitimacy and Adequacy of Policyholder Compensation are Issues.

Title: Policyholders of State Mutual Life Challenge Company Plan to Convert to Stock Company
Date: May 23, 1995, 6:11 pm
Author: Press Release
Abstract: $16 Billion Conversion Would Be Second Biggest in U.S. History Board Legitimacy and Closed Door meetings with Insurance Regulators are Issues.

Title: Massive Growth in Cost Saving Group Auto Plans Mass. Insurance Division Reveals
Date: May 18, 1995, 6:16 pm
Author: Press Release
Abstract: Number of Plans Doubled in Two Years; Commissioner's Office Testimony Highlights Group Plans as Positive Competitive Force