Massachusetts Association of Insurance Agents News

MAIA CEO Mancini Named Insurance Professional of the Year

Francis A. Mancini, president and CEO of Massachusetts Association of Insurance Agents (MAIA), has been named the 2014 Insurance Professional of the Year by the Insurance Library Association of Boston (ILAB).

Mass. Bill Would Add Liability Coverage to FAIR Plan’s Non-Owner Occupied Dwelling Policy

The Massachusetts Association of Insurance Agents (MAIA) is pushing a bill, S-465, that would require the Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the Massachusetts FAIR Plan, to have liability coverage included in its Non-Owner Occupied Dwelling policy …

Massachusetts DOI’s New Bulletin Says Producers May Charge Fees

Massachusetts regulators this month issued a bulletin announcing that producers for all lines of insurance may charge their clients fees in connection with the sale of insurance products. A statewide independent agent association said the bulletin represents a big change …

Mass. Agents Group Says GEICO Failed to Report Some At-Fault Accident Data

The Massachusetts Association of Insurance Agents (MAIA) this week has asked the state’s Merit Rating Board and the Division of Insurance to investigate GEICO for allegedly failing to report at-fault accident data to the Merit Rating Board, in violation of …

Mass. Independent Agents Have Over $1B Impact on State Economy: Report

Five years ago, Massachusetts introduced its “managed competition” program — and since then, there has been an influx of direct writing and direct response companies coming into Massachusetts and competing with independent insurance agencies. But despite the challenge, independent insurance …

Massachusetts Agents Drop Ballot Effort on Credit Ban

The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it filed in August to prohibit the use of credit scoring, education, and occupational data in auto insurance. From now …

Mass. Agents Gathering Signatures for Insurance Credit Score Ban

A Massachusetts independent agents group said it is confident that banning auto insurers’ use of credit scores and other socioeconomic factors will become a state law in coming months. The Massachusetts Association of Insurance Agents (MAIA) said it is preparing …

Massachusetts Allows for Terrorism Exclusion in Commercial Insurance

Commercial property insurers in Massachusetts will be allowed to exclude terrorism coverage from commercial fire insurance policies under a new law signed by Gov. Deval Patrick. The law modifies the standard fire insurance policy to allow insurers to exclude coverage …