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BOSTON – More than $2.8 million in insurance refunds have been returned to Massachusetts motorcycle owners, Attorney General Martha Coakley announced last week.
The payments are part of Coakley’s industry-wide investigation into motorcycle-rating practices, the release said. 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 motorcycle were brand new and worth $20,000.
According to the release, since 2010, 17 insurance companies have settled with the Coakley’s office, resulting in more than $42.8 million in refunds to motorcycle owners. •