Motorcycle owners get insurance refunds following Massachusetts Attorney …
News from MassLive.com:

 

 

Insurance rebates were recently mailed to more than 600 motorcycle owners in the region, the latest in a series of settlements between insurance companies and the Massachusetts Attorney General’s office to compensate for past overcharges.

Statewide, there are more than $ 2.8 in insurance refunds returned in the past two weeks with the payments made by three companies: Encompass Insurance Co. of Massachusetts, an Allstate subsidiary ($ 1.9 million); Amica Mutual Insurance Co., ($ 837,184); and NGM Insurance Co. ($ 17,833), Attorney General Martha Coakley announced this week.

In Hampden, Hampshire and Franklin counties, checks were mailed to 639 motorcycle owners, totaling $ 197,600.

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Plymouth Motorcycle Owners Receive $ 500k Insurance Refunds
News from Patch.com:

More than $ 2.8 million in insurance refunds have gone back to Massachusetts motorcycle owners, with more than $ 500,000 of that going to Plymouth residents, according to a press release from the Attorney General’s office.

A total of 1,795 checks are going to residents in Norfolk and Plymouth County, worth more than $ 560,000. 

The payments by Encompass, Amica, and NGM are part of AG Martha Coakley’s industry-wide investigation into motorcycle rating practices. All 17 of the related settlements stem from a complaint the AG’s Office received from a consumer who owned a 1999 Harley-Davidson Road King Classic. In each year between 2003 and 2008, the consumer’s insurance company calculated the consumer’s premiums as if his 1999 Road King Classic were brand new and worth $ 20,000. However, by 2003, the consumer’s four-year-old motorcycle was worth significantly less than its original price, and by 2008, the nine-year old motorcycle was worth around $ 12,000. Still, in each year between 2003 and 2008, the consumer’s insurance company used the inflated $ 20,000 value to rate his policy, resulting in more than $ 1,500 in overcharges.

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