Tag Archives: Massachusetts Association of Insurance Agents

Recourse for Toyota Drivers & At Fault Accidents

Toyota drivers involved in recent recalls have worried about how this will affect their auto insurance coverage and premiums. Although a standard auto insurance policy does not exclude vehicles damaged while under recall, drivers may face additional surcharges and/ or costs if they were involved in an at fault accident. Thankfully Massachusetts residents have the [...]

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New Insurance Carriers = High Risk Exemption

This past Tuesday the Massachusetts Supreme Judicial Court upheld the Massachusetts Division of Insurance’s decision to temporarily excluded new auto insurance companies from covering high risk drivers. The Abrella Mutual Insurance company filed a lawsuit claiming Nonnie Burnes had exceeded her authority as the insurance commissioner while favoring national companies new to the Bay State. [...]

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Massachusetts Managed Competition System Program Assessed

In April 2008, the state government put a managed competition system in place through the Division of Insurance. After some time, the system still continues to receive mixed reviews. Before the system, state government set the rates for auto insurance effectively regulating insurance providers’ ability to raise rates to gain more revenue. When the plan [...]

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