CAR Electrical Shutdown, December 11 at 2:00 PM
CAR Electrical Shutdown, December 11 at 2:00 PM Due to a planned electrical shutdown in its data center, CAR’s websites, mainframe, and telephones will be unavailable on Wednesday, December 11, 2019, from 2:00 PM to approximately 6:00 PM. During the shutdown, producers will be unable to process any policy applications or make any assignments through…
WCRIBMA’s Special Bulletin No. 11-19
WCRIBMA’s Special Bulletin No. 11-19 The Massachusetts Workers’ Compensation Rating and Inspection Bureau has issued Special Bulletin No. 11-19, dated November 19, 2019, and titled 2018 Voluntary Assessable Premium. To access this Special Bulletin, please use the following link:
Why You Should Consider a Staged Internal Perpetuation Strategy
Why You Should Consider a Staged Internal Perpetuation Strategy
WCRIBMA’s Special Bulletin No. 09-19 and No. 10-19
WCRIBMA’s Special Bulletin No. 09-19 and No. 10-19 The Massachusetts Workers’ Compensation Rating and Inspection Bureau has issued Special Bulletin No. 09-19, dated October 18, 2019, and titled Updated Information on Residual Market Share and Special Bulletin No. 10-19, dated October 18, 2019, and titled Residual Market Loss Ratio and Burden Estimate. To access these Special Bulletins,…
WCRIBMA’s Circular Letters No. 2353, No. 2354, No. 2355 and No. 2356
WCRIBMA’s Circular Letters No. 2353, No. 2354, No. 2355 and No. 2356 The Massachusetts Workers’ Compensation Rating and Inspection Bureau has issued:
CAR Bulletin No. 1090 – New RMV Registration and Title Application
CAR Bulletin No. 1090 – New RMV Registration and Title Application According to Commonwealth Automobile Reinsurers (CAR) Bulletin 1090, the Registry of Motor Vehicles has requested that CAR issue a bulletin to advise industry participants of the RMV’s new Registration and Title Application (RTA).
CAR Bulletin No. 1088 – Withdrawal of Occidental Fire & Casualty Insurance Co. of NC from the MA Private Passenger Auto Insurance Market
CAR Bulletin No. 1088 – Withdrawal of Occidental Fire & Casualty Insurance Co. of NC from the MA Private Passenger Auto Insurance Market According to Commonwealth Automobile Reinsurers (CAR) Bulletin 1088, dated October 7, 2019, the Division of Insurance (DOI) notified CAR that the Occidental Fire & Casualty Insurance Company of North Carolina is seeking…
WCRIBMA Circular Letter: Reminder – Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2015
WCRIBMA Circular Letter: Reminder – Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of 2015 The Massachusetts Workers’ Compensation Rating and Inspection Bureau has issued Circular Letter No. 2352, dated October 4, 2019, and titled Reminder – Notification Endorsement of Pending Law Change to Terrorism Risk Insurance Program Reauthorization Act of…
WCRIBMA Circular Letter: Governing Committee Membership: 2020-2021 Term
WCRIBMA Circular Letter: Governing Committee Membership: 2020-2021 Term The Massachusetts Workers’ Compensation Rating and Inspection Bureau has issued Circular Letter No. 2351, dated October 1, 2019, and titled Governing Committee Membership: 2020-2021 Term. The Workers’ Compensation Rating and Inspection Bureau of Massachusetts (WCRIBMA) will soon be considering membership on the Governing Committee for the May 2020-May…
CAR Bulletin No. 1086 – Large Loss Notification Procedures
CAR Bulletin No. 1086 – Large Loss Notification Procedures This recent CAR Bulletin outlines the implementation of a web-based system to enhance the information provided to companies relative to large residual market losses. The system includes a Large Loss Notification Form, as well as several Large Loss Reports to better communicate the significant losses impacting…
Updated Company Auto Insurance Filings – September 2019
Updated Company Auto Insurance Filings – September 2019
Revisiting Berkshire Hathaway’s 3-Page Small Business Policy
Revisiting Berkshire Hathaway’s 3-Page Small Business Policy THREE, the 3-page small business policy marketed by Warren Buffett’s Berkshire Hathaway, presents statements such as: “no need for brokers or lawyers to translate your policy” and “by simplifying the process we were able to take out the middleman.” In case you missed it, Chris Boggs of the Big…
Audit Reveals Overbilling of Insurance Companies by DOI
Audit Reveals Overbilling of Insurance Companies by DOI Last week, MA State Auditor Suzanne M. Bump released an audit that calls on the Division of Insurance (DOI) to discontinue an unauthorized practice that has exempted more than 62 insurers from paying a required annual fee. As a result of this practice, the remaining insurance companies…
CAR Bulletin No. 1085-Servicing Carrier and ERP Standards for the Verification of Applicant Drivers’ Licenses
CAR Bulletin No. 1085-Servicing Carrier and ERP Standards for the Verification of Applicant Drivers’ Licenses This recent CAR Bulletin outlines the new standards for Servicing Carriers and ERPs to follow in verifying an applicant’s’ driver’s license . For all new business in the commercial automobile residual market, and for all new and renewal business in the…
WCRIBMA Special Bulletin: Updated Information on Residual Market Share 08-19
WCRIBMA Special Bulletin: Updated Information on Residual Market Share 08-19 The MA Workers’ Compensation Rating and Inspection Bureau (WCRIBMA) released Special Bulletin 08-19, Updated Information on Residual Market Share.
Registered Auto Body & Glass Repair Shops as of 7/25/19
Registered Auto Body & Glass Repair Shops as of 7/25/19 The Automobile insurers Bureau (AIB) recently posted updated lists of registered auto body and glass repair shops by county, which were provided by the Massachusetts Division of Standards. AIB displays the lists of auto body repair shops in compliance with the Insurance Commissioner’s Regulation, 211…
Updated Company Auto Insurance Filings – July 2019
Updated Company Auto Insurance Filings – July 2019
CAR Deems Multiple Changes to Rules of Operation Effective July 23
CAR Deems Multiple Changes to Rules of Operation Effective July 23 Commonwealth Automobile Reinsurers (CAR) issued two recent Bulletins (No. 1083 and No. 1084) announcing that 16 amendments to the Rules of Operation have been deemed approved, effective July 23, 2019, and one proposed amendment was disapproved.