Project CAP Video on The Trusted Choice Mobile App
March 15 – Here’s a new video from Project CAP on the New Trusted Choice Mobile App.Here’s a new video from Project CAP on the New Trusted Choice Mobile App.
Insurance Agent Takes The Eighth Spot in The Best Business Jobs of 2012
March 5, 2012 – Insurance Agent makes the list of The Best Jobs of 2012.
Mansfield-based Agencies C&S Insurance and Colonial Insurance To Merge
C&S Insurance Agency has announced its plans to acquire and merge with The Colonial Insurance of Mansfield.
Big “I” and Swiss Re Bring Agents A New “E&O Happens” Website
FEB. 8, 2012 – A new website from the Big I and Swiss re will now offer new risk management information tools and resources to agents and policy holders of Swiss RE Corporate Solutions.
Now Serving – Dadgar Insurance’s Delectable Marketing Approach
Agency Checklists caught a television advertisement on NECN recently about the TV Diner’s Annual Platinum Plate Gala sponsored by Dadgar Insurance. Intrigued with the notion of an insurance agency sponsoring a foodie party, we decided to find out more. TV Diner, on NECN weeknights at …Read More
Calianos Agency loses breach of contract claim against Commerce on changeover to MAIP
January 11, 2012 – The insurance agency headed by the president of the Massachusetts Urban Agents Association, Jason Calianos, has lost a bid to have the Superior Court rule that the agency’s ERP contract with Commerce Insurance continued in force after the establishment of the …Read More
WTPhelan Acquires The Garrett Insurance Agency
The WTPhelan Insurance Agency announced this week that it has acquired The Garrett Insurance Agency of Somerville. The acquisition was complete as of December 1, 2011. The Garrett Insurance Agency was founded in 1985 by Ralph and Ellen Garrett in the Davis Square section of Somerville. …Read More
Brownstone Revamps Its Dedicated Broker Site to Offer Cutting-Edge Services
Brownstone Insurance rolled out its re-designed broker dedicated website last week, www.brownstoneinsurancebrokers.com. For those not familiar with Brownstone, the company provides master insurance for condos, apartments, multi-family homes and townhouses. The company has been insuring multi-unit buildings since 1982 and writes policies in Massachusetts, Rhode …Read More
Farrell Backlund Solidifies Its Status In Southeastern MA With Latest Acquisition
Both the Taunton Gazette and the Insurance Journal reported this week that the Richardson-Cuddy Agency of Attleboro has merged with Farell Backlund, of Taunton, MA. This merger is poised to make Farrell Backlund one of the largest agencies in southeastern Massachusetts, according to both publications. …Read More
New Homeowner Oil Heating Safety Law Opens Window for New Insurance Coverages
Agents may want to make sure that their insureds who heat with oil are of this new requirement that has gone into effect. Homeowners that heat with oil should be aware that a new requirement under the Massachusetts Homeowner Heating Safety Law “…mandates that all …Read More
MPIUA Activates Two New Numbers and Institutes Coverage Limitation for Hurricane Irene
In accordance with its catastrophe plan, The Massachusetts Property Insurance Underwriting Association (MPIUA) has activated a special telephone number, 1-866-384-3803, for new claim submissions as a result of Hurricane Irene. The MPIUA says that use of this number will substantially increase the organization’s efficiency in responding …Read More
Agency Employees & Past Criminal Convictions
Helping out someone with a criminal record might be a good deed that could cause a serious problem for an agency. Under the federal “Violent Crime Control and Law Enforcement Act of 1994,” it is a federal crime for a person to engage or participate …Read More
New Requirement for MA Motor Vehicle Insurance Policies
In the interest of promoting transparency to affected consumers, the DOI has announced that all insurers shall be required to include specific language as to the determination of the actual cash value of a damaged motor vehicle as set forth in 211 CMR 133.05(1), or …Read More
Special DOI Bulletin on Insurance Issues for Tornado Victims
The Division of Insurance published Bulletin 2011-13 yesterday for all Property and Casualty Insurers dealing with Emergency Procedures related to the tornado and storm damage that affected Central and Western Massachusetts on June 1st. As a result of President Obama’s approval of Governor Patrick’s Emergency …Read More
DOI To Go After Non-Compliant Agents
The Massachusetts Division of Insurance recently issued Bulletin 2011-12 giving all licensed resident insurance producers until December 31st of this year to complete their outstanding Continuing Education requirements in order to avoid the suspension of their license or monetary fines. In Review of Continuing Education …Read More
The Dangers of Producer Commission Disputes
Massachusetts Agents or Brokers – Do you own your own Massachusetts insurance agency? If so, take heed when contracting with a producer for your agency. While labor and wage disputes are an unfortunate part of running any business, producer commission disputes, more than any other …Read More
One Way to Avoid Large Fines for You & Your Agency
Massachusetts agents, brokers and insurance companies who pay or are paid commissions should always make sure that all their licenses, and the licenses of those who work for them are always up –to-date. Paying commissions to an individual or entity who does not have an …Read More