Commercial Auto Vs. MA Auto Policy
Commercial Auto Vs. MA Auto Policy his question was answered based upon current rules, regulations & statutes in effect on February 14, 2020 QUESTION Once again, we are struggling with Commercial vs MA Auto Policy and how coverage works. We understand that if you have a camper trailer that you pull with a MA…
“Welcome Home” – New Special Plates
“Welcome Home” – New Special Plates Massachusetts’ new Welcome Home plate is a two-year passenger special plate whose proceeds will fund the Massachusetts Association of REALTORS® (MAR) Charitable Foundation. All pre-ordered plates have been delivered to RMV Service Centers.
RMV Makes New B2B Service Hours Permanent
RMV Makes New B2B Service Hours Permanent Agents and runners who handle the business-to-business (B2B) operations of bulk-related transactions should know that the RMV has made a permanent change to its B2B service hours. All items must be dropped off by 11:30 a.m. for same-day pickup by 4:30 p.m. Items dropped off after 11:30 a.m.…
Moving Out-of-State and Auto
Moving Out-of-State and Auto his question was answered based upon current rules, regulations & statutes in effect on February 14, 2020 QUESTION We have a client that has moved to New Hampshire and is insisting that by law all he has to do is call and request us to cancel his policy. We advised…
DOC and Car Rental
DOC and Car Rental his question was answered based upon current rules, regulations & statutes in effect on February 18, 2020 QUESTION I have a questions regarding drive other car coverage on a commercial automobile policy. We have a commercial automobile policy for a business, the cars are owned by the company and driven…
Condo’s
Condo’s his question was answered based upon current rules, regulations & statutes in effect on February 18, 2020 QUESTION May you please email me some information on what is HO1734? I am trying to understand why this is a needed endorsement on a condo policy.
BAP and New Truck
BAP and New Truck This question was answered based upon current rules, regulations & statutes in effect on February 18, 2020 QUESTION Our insured just advised us they have purchased a bucket truck at an auction and need liability coverage in order to pick up the vehicle. They have a commercial auto policy with…
Tech Talk: Total Loss Vehicle/Auto Valuation – BAP or MAP: Is the Insured Being Underpaid?
Tech Talk: Total Loss Vehicle/Auto Valuation – BAP or MAP: Is the Insured Being Underpaid? Total Loss Vehicle/Auto Valuation – BAP or MAP:Is the Insured Being Underpaid? By Irene Morrill, CPCU, CIC, ARM, CRM, LIA, CRIS, CPIW — VP of Technical Affairs
Insurance Career Article by MAIA CEO Nick Fyntrilakis Published on MassLive
Insurance Career Article by MAIA CEO Nick Fyntrilakis Published on MassLive News website MassLive has published an excellent article by MAIA President & CEO Nick Fyntrilakis, titled “Independent insurance agents expanding WMass workforce.” Citing facts and statistics, Nick explains why the insurance field is positioned for growth in western MA and across the state. At…
Hands-Free Electronic Device Law
Hands-Free Electronic Device Law The “hands-free” law took effect in Massachusetts on February 23, 2020. This law (Chapter 122 of the Acts of 2019) prohibits operators of motor vehicles from using any mobile electronic device, including a cell phone, unless the device is used in hands-free mode. Drivers 18 and Over Drivers 18 and over…
BAP and Dissolved Business
BAP and Dissolved Business This question was answered based upon current rules, regulations & statutes in effect on February 13, 2020 QUESTION A corporation dissolves and there are vehicles in the business name. The principal has not yet transferred/sold the vehicles to another party so they are still registered in the corporate name. What…
If a Car Dealer Discusses Insurance with a Customer, We Want to Know!
If a Car Dealer Discusses Insurance with a Customer, We Want to Know! This seems like a good time to remind agents that car dealers are not allowed to discuss insurance with their customers, according to MA Division of Insurance (DOI) Bulletin #2010-16 (“Involvement of Motor Vehicle Salespeople in the Solicitation, Negotiation or Sale of…
Markets
Markets This question was answered based upon current rules, regulations & statutes in effect on January 24, 2020 QUESTION Do you have any markets for a BOP small business owner?
Business Interruption/Loss of Income
Business Interruption/Loss of Income This question was answered based upon current rules, regulations & statutes in effect on January 24, 2020 QUESTION Customer operating a livery service, inquiring if coverage for Business Interruption, or Loss of Income,, is available, due to temporary loss of use for a vehicle, as a result of an auto…
Recruiting the Next Generation
Recruiting the Next Generation Insurance Career Month (February) is well underway, and Property/Casualty360 has pulled together a selection of career development articles, resources, and tips for recruiting and fostering new blood in our industry. Insurance is undergoing rapid change and disruption. For millennials and college students, who embrace technology and want variety and meaning in…
RLI Personal Umbrella Rate Change
RLI Personal Umbrella Rate Change MAIA’s Number One Insurance Agency would like you to know that, effective April 1, 2020 for New Business, and June 1, 2020 for Renewals, RLI Personal Umbrella base rates will increase an average 5-6% for both Massachusetts and New Hampshire. On the positive side, while it is an increase, it…