Sentences with phrase «shared by all auto insurers»
Profits or losses are shared by all auto insurers licensed in the state.
https://www.effectivecoverage.com/ Not exact matches
Massachusetts Supreme Judicial Court has recently upheld the long standing exclusion the standard automobile insurance policy has that excludes optional coverage when a vehicle being used as «livery or public convenience» In addition, the Massachusetts Department of Insurance has also recently approved another endorsement being used by auto insurers in the state, that further addresses car - sharing, saying in part «We will not pay any claim for injury or property damage under the policy while your auto is being used in a personal vehicle sharing program....»
After identifying the top auto insurers in the state by market share, we checked with independent rating agencies A.M. Best and Moody's to ensure that they had the financial clout necessary to pay out claims.
In this study, auto insurers were ranked by the total annual dollar value in written premiums, from which it is possible to calculate their market share.
We gathered the largest auto insurers in the state by market share and ensured that they had the financial solvency to pay out on claims by checking with independent rating agencies A.M. Best, Moody's, and S&P Global.
Because insurers must accept all risks - preferred or high - risk - assigned through the MT AIP, the AIP is a mechanism by which the auto insurers share the losses generated by high risk drivers, so no one insurer bears the brunt of losses.