Be Alert for E&O Policy Implications Related to COVID-19
As the leading provider of Agents’ E&O coverage in Massachusetts, MAIA’s Number One Agency offers coverage from top carriers including Utica National. We’d like to share a recent E&O Risk Management Alert from Utica, which addresses some of the important policy implications arising from COVID-19, including the Communicable Disease Exclusion recently developed by ISO. Will…
New DOI Bulletins Urge Carriers to Remain Flexible & Proactive as COVID-19 Crisis Continues
Reiterating the expectations laid out in previous Bulletins, the MA Division of Insurance (DOI) on December 29, 2020, issued Bulletins 2020-30 and 2020-33, stating that insurance carriers and self-insurance groups should continue to be flexible in issuing and administering insurance. “Exploring all appropriate flexibility in arrangements and timing of payments will help protect policyholders while…
Don’t Lose Your Member Benefits! Renew Your MAIA Membership
MAIA’s 2020 membership period ended on December 31st. If you have yet renewed, you will be receiving a final invoice in the coming days. Please be sure to renew no later than January 31st to avoid losing your membership benefits! – including your subscription to The Mass. Agent newsletter; education discounts; access to MAIA’s technical…
BAP Rate Change Mid Term
This question was answered based upon current rules, regulations & statutes in effect on November 13, 2020 I have a Customer with Progressive -on a Commercial Auto policy. When we wrote the policy back in May the Premium was around $21,000 Since then they have continually increased the Premium – It is now around…
Commercial Credentials (CDLs & CLPs) and Medical Certificates Extension
The expiration dates for Commercial Driver’s Licenses (CDLs), Commercial Learner’s Permits (CLPs), and CDL Medical Certificates have all been further extended to February 28, 2021. Customer records will be updated to reflect the new expiration date.
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