InsurPAC: It’s the Reason Independent Agents Have Clout on Capitol Hill
As the largest property-casualty insurance industry political action committee in the nation, the non-partisan InsurPAC is the political voice of the 23,000 Big “I” member agencies and 300,000 agents and brokers nationwide. Your InsurPAC contribution will help elect federal political candidates who support our industry, increase agent visibility on Capitol Hill, and empower members to participate…
InsurPAC Dollars at Work Fighting Proposed Tax Increases for Big “I” Members
Last week, the U.S. House Ways and Means Committee released a summary of tax provisions, several of which could mean steep tax increases for pass-through businesses. Backed by InsurPAC dollars, the Big “I” Government Affairs team continues to advocate on behalf of independent agents and brokers, strongly opposing any attempts to increase taxes on Big “I”…
CAR Votes to Raise Agent Commissions for Taxi, Limousine & Car Service Classifications
Another “pocketbook win” win for MA agents! The Governing Committee of the Commonwealth Automobile Reinsurers (CAR) has voted to raise and set the agents’ commission rate for the Taxi, Limousine and Car Service classifications to 8.34% of premium! This will be a significant increase from the 2020 rate year commissions, which were just 2.37% of…
MAIA Joins MA Business Coalition to Help Address Skills/Talent Gap
We are pleased to announce that MAIA has joined the Massachusetts Business Coalition on Skills (MBCS). The MCBS is a partnership of MA chambers of commerce and business associations, whose goal is to originate and advocate for statewide policies to ensure that every MA resident can acquire the skills needed to thrive in their careers,…
We Hear Your Registry Concerns and We’re On It!
Many members have contacted MAIA to express frustration with the COVID-related changes at RMV service centers. Common complaints include agents/runners having to travel unreasonable distances to designated drop-off centers; not being able to process live transactions and review documentation; inaccurate pickup notifications; and the return to the 7-day transfer law when the RMV system cannot…
Massachusetts One of Top 3 State Contributors to InsurPac
MAIA extends a huge thank you to all from Massachusetts who participated in the 2020 InsurPac fundraiser. The Bay State contributed $73,817, exceeding our goal AND putting us among the Top 3 state contributors in the country! MA Young Agents also hit their InsurPac goal. After tallying the receipts and closing the books, the InsurPac…
Finally! MAIA’s Fair & Accurate Quotes Bill Is Set to Become Law
MAIA President & CEO Nick Fyntrilakis (center) testifying on the Fair & Accurate Quotes Bill at the Massachusetts State House in 2019. MAIA’s persistence pays off! Bill H.4643, An Act Relative to Fair and Accurate Motor Vehicle Insurance Quotes, has jumped all but the final hurdle before it becomes law. It was incorporated into the…
New COVID-19 Order Restricts Workplace Capacity to 25%, Indoor Gatherings to 10 People
On December 22nd, Governor Baker issued COVID-19 Order No. 59, effective December 26th, which places new restrictions on the allowed capacity for gatherings and events in public spaces and workplaces. Most workplace sectors, including Office Spaces, are limited to 25% of capacity. Gatherings in private homes and public spaces are limited to 10 persons indoors…
MA Business Interruption Bill S.2655 Defeated
On November 24, the MA Senate Financial Services Committee took action on Bill S.2655, An Act Concerning Business Interruption Insurance, stating that the bill “ought NOT to pass.”
2021 InsurPac Campaign – Your Support is Essential
The 2021 fundraising campaign for InsurPac is underway, and we ask you to please watch this video from IIABA (Big “I”) President and CEO Bob Rusbuldt. Bob’s words demonstrate the critical importance of your continued support for our powerful federal political action committee. WATCH VIDEO: https://www.youtube.com/watch?v=cjsNvfNjDEc&feature=youtu.be
New Law Extends NFIP Through Sept. 30, 2021 – A Full Year
President Trump has signed a law extending the National Flood Insurance Program (NFIP) through Sept. 30, 2021. This is good news for MAIA/Big “I” members, as previous extensions to have been much shorter, enacted to temporarily prevent NFIP lapses. The additional time should help Congress build consensus on common-sense reforms to the NFIP. Wyatt Stewart…
MA Reopening Phase 3: Office Capacity Now 50%
Phase 3 Reopening (effective July 6, 2020) has increased the capacity limits in office space to 50% of occupancy limits. Businesses may exceed this maximum occupancy level based on demonstrated need.
DOI Bulletin: How P&C Insurers Should Handle Claims from the Norwood, MA Weather Event
The severe weather event in the Norwood, MA area on June 28 affected many homeowners who were already facing hardships due to COVID-19. Recognizing this situation, the DOI issued Bulletin 2020-22, outlining procedures and expectations for MA property & casualty insurers with regard to expedited claims handling and underwriting associated with this weather event. If…
Big “I” Launches New Pricing on IdealTraits Recruitment Platform
As we move toward reopening, many agencies will be looking to bring on new staff. One of the many hiring tools available to MAIA/Big “I” members is IdealTraits, a robust recruiting platform developed specifically to help insurance agencies identify, assess, and hire top performing sales and service staff. Effective today (July 1), the Big “I”…
Producer License Extensions & Online Renewals
The MA Division of Insurance (DOI) has ruled that if your Massachusetts insurance producer license was in good standing when the state of emergency was declared on 3/10/20, it will not expire until 90 days after the state of emergency is lifted (whenever that may be; the Governor has yet to announce it). However, licenses…
MAIA Submits Testimony Opposing MA S.2655 Business Interruption Bill
MAIA’s advocacy team is working hard to oppose S.2655, the Massachusetts Business Interruption bill, which seeks to legislatively apply BI coverage retroactively to claims based on COVID-19. On May 21, MAIA submitted testimony outlining the reasons for our opposition, and recommending a more equitable, federally funded alternative. We asked our national association, the Big “I,”…
Reopening: Template for Creating Written Control Plan
All businesses in the state of MA (including those deemed essential, such as insurance agencies) are required to develop a written control plan outlining how the workplace will comply with the mandatory safety standards for operation in the COVID-19 reopening period. The state has created a template that may be filled out to meet that…
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