State lands $ 14.6M motorcycle insurance settlement
News from Gloucester Daily Times:

July 8, 2014

State lands $ 14.6M motorcycle insurance settlement

BOSTON (AP) — Thousands of Massachusetts motorcycle owners will receive insurance refunds from the state’s largest automobile insurer for overcharges on their policies, state Attorney General Martha Coakley announced Monday.

The refunds come from a $ 14.6 million settlement with Commerce Insurance Co. filed Monday in Suffolk Superior Court.

Coakley’s office says it represents the largest such agreement in the agency’s four-year…………… continues on Gloucester Daily Times

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Motorcycle riders to receive $ 14.6M in insurance rebates after Attorney …
News from MassLive.com:

BOSTON – Motorcycle riders across the Commonwealth will get rebates after Attorney General Martha Coakley’s office determined the state’s largest insurance company overcharged policyholders for their bikes.

In a settlement filed in court on Monday, Commerce Insurance Company agreed to pay out $ 14.6 million in refunds on more than 40,000 policies, in addition to $ 325,000 to the state, according to a news release from Coakley’s office.

Later this month, people affected by Commerce’s “unlawful” practices will start getting their checks, ranging from less than $ 50 to more than $ 12,000, the release said. The average check will be about $ 360.

Commerce agreed to settle claims that it overcharged motorcycle policyholders for years by treating their vehicles as though they were new, no matter how old they were. It mostly involves policies written between 2002 and 2005.

MAPFRE, Commerce’s parent company, issued a statement to MassLive.com Monday evening.

“Although Commerce Insurance implemented procedures back in 2005 to address this issue, we have decid…………… continues on MassLive.com

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An original vintage magazine ad removed from a magazine printed in the year shown. Print ads make unique gift items that can be fr…