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…
Uber/Lyft Coverage
Uber/Lyft Coverage This question was answered based upon current rules, regulations & statutes in effect on January 27, 2020 QUESTION Question is when are or are you not covered when your vehicle is being used by Uber or Lyft?
Principals & Young Agents Event at The Plumbing Museum
Principals & Young Agents Event at The Plumbing Museum
Personal Information on Surcharge Notice
Personal Information on Surcharge Notice This question was answered based upon current rules, regulations & statutes in effect on January 27, 2020 QUESTION I’m wondering if you can help with something or maybe direct me to the right person. My colleague, manages our systems and everything technical in the office. His son had an…
At Fault Accident and Commercial Vehicle
At Fault Accident and Commercial Vehicle This question was answered based upon current rules, regulations & statutes in effect on January 28, 2020 QUESTION Hi, we are having a discussion in our office, One person thinks if you are driving a company vehicle that is in a inc. and get in a at fault…
Surcharge Appeal – Waiver of Deductible
Surcharge Appeal – Waiver of Deductible This question was answered based upon current rules, regulations & statutes in effect on January 28, 2020 QUESTION Good afternoon Kathy and Irene, I have a feeling I already know the answer to this, but it’s been at least a decade since I ran into this scenario. (See…
What is Property Damage
What is Property Damage This question was answered based upon current rules, regulations & statutes in effect on January 28, 2020 QUESTION Hello, I have a client who leases a retail space for her convenience store. A vehicle insured with Mapfre collided with her storefront, causing around $3700 in damage to her awning (that’s…