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 substantially similar language, in the motor vehicle insurance policy contract. […]
mass auto news
The MAIP now on your iPhone, iPad or Other Mobile Device
Latest Updates from CAR and the MAIP as of August 4th: With the approval of amendments to Rules 21.C.5 and 29.D.2 which were announced in the CAR Bulletin 945, CAR has updated and implemented the down payment requirements for eligible policies. CAR has a new PDF Viewer which allows the entire MAIP section to be […]
The Merit Rating Board Moves in with the RMV
As of July 1st, 2011 the Merit Rating Board is now a part of the Registry of Motor Vehicles. The Merit Rating Board maintains the operator driving records for the Commonwealth of Massachusetts which includes traffic law violations, at-fault and comprehensive insurance claim records and out-of-state driving records. The primary mission of the Merit Rating […]
Horton International to Spearhead Search for New CAR President
As Agency Checklists reported last week, the Governing Committee of CAR approved the selection of Horton International as the Executive Search firm charged with recruiting candidates to replace retiring President Ralph Iannaco. Horton International is an executive search firm founded in the U.S. in 1978. It specializes in the recruitment of talent for a variety […]
New Analytical Support for Insurers Embracing UBI
In response to the auto insurance revolution caused by the rise of usage-based auto insurance (UBI) also known as “pay-as-you-drive”, the global consulting firm Towers Watson announced this week that it is now offering a new drive-score analytic service to insurers. DriveAbility will provide analytical support for insurers that translates to an individual score for […]
