Mass. Commissioner Burnes: Effect of Managed Competition on Mass. Agents

Massachusetts regulator Nonnie Burnes discusses how agents might benefit from the state’s historic deregulation of its auto insurance system in this excerpt from an exclusive interview, part of The Commissioner series.

Want to Add this Video to Your Website?
Embed Video: 
Rate this Video
1 Star2 Stars3 Stars4 Stars5 Stars
(7 votes, average: 2.29 out of 5)
Loading ... Loading ...

User Comments

  1. Mike

    November 6, 2007 at 2:58 pm

    Wow, thanks for flipping our system up side down. As a smaller agency, this is a great opportunity for me to rob Peter to pay Paul.

    We have no one moving to MA and we will need to split up our auto book to make sure that we don’t lose any customers. Smaller books means less leverage for agents. Less leverage means less service. Businesses compete on three levels; service, price & quality. Our carriers all have quality products & price was mandated by the state. Agencies were able to compete through their service to their customers and community.

    Full service will now be a thing of the past. Be ready to quote, quote, quote. Everyone will be shopping.

Post a Comment

Recently Added

ADVERTISEMENT

Featured

  • Norwood on Workers’ Comp

    John, principal of Norwood & Associates, has been an lobbyist for insurance and financial services sectors across several decades. Norwood offered a focused looking at the all-important workers’ compensation issue, and he gave his thoughts on health insurance exchanges. In fact, Norwood forecast that 2012 will rank as an important one when it comes to [...]

  • Lobbyist Norwood Analyzes Consumer Watchdog Legislation

    John Norwood is one of California’s best known legislative advocates for the insurance and financial services sectors. Norwood spoke to the Insurance Journal about legislation and regulation, including a proposal by a consumer advocacy group that would establish prior approval for healthcare insurance and would make major changes to auto insurance and homeowners insurance in [...]

  • At-Home Insurance Careers for Disabled Veterans

    For insurance agents Gary Trippe and Jim Pender, the idea for DVIC, or Disabled Veterans Insurance Careers, which aims to guide disabled veterans into careers in insurance, evolved in part from their own personal experiences with disabled family members. In this interview with Insurance Journal’s Andy Simpson, the two share their dream of an organization [...]

Popular

  • Entrepreneurial Technologists

    This year the Entrepreneurial Insurance Alliance (EIA), sponsored by MarketScout, named Vertafore and Risk Metrics, as winners of it 2011 Entrepreneurial Award in technology. Vertafore’s WorkSmart and Risk Metrics’ Insurance 360 technology products received recognition from the EIA as being some of the industry’s most innovative concepts in technology. Each year, the EIA receives hundreds [...]

  • How Insurance Distribution Is Changing

    Retail and wholesale brokers face the challenge —and opportunity— of redefining their relationships and value proposition in today’s changing insurance distribution world, according to Glenn Hargrove, president, MarketScout Wholesale, Dallas, Tex. In this interview from the recent Western Insurance Agents Association’s Insurance Industry Roundtable in California, Hargrove outlines the value proposition of agents and brokers [...]

  • Interesting Times in Medical Liability

    The medical liability market continues to perform well even as the nation struggles to implement health care reform. Robert Allen, senior vice presidents at Torus Insurance, says many health care institutions are implementing new strategies to be successful in today’s health care reform world. In this interview with Insurance Journal’s Andrea Ortega-Wells from the annual [...]

Random

  • 100 Agents in 100 Days

    Accident Insurance Co., a growing workers’ compensation and small business insurer, is looking for 100 new independent agents within the next 100 days— through Oct. 12. Opportunities exist in 11 states. Jon Beckham, AIC’s chief marketing officer, speaks with Insurance Journal’s Andy Simpson about what the company is looking for, what it’s offering, [...]

  • What Your Clients Need to Know about Tomorrow’s Seniors to Compete in the Long-Term Care Industry

    Your clients who operate nursing homes and continuing care retirement communities need to plan for dramatic changes in the long-term care marketplace. More home care, fewer caregivers, skyrocketing elderly populations, short nursing home stays, more funding for community based care are just a few of the challenges. Operators who don’t adapt will lose out. You [...]

  • The Night Crew

    Any agent, broker or program manager will say finding talented staff is a top challenge. Maybe