Insurance Agent Blog

Get ready for Massachusetts Equal Pay Law: July 1, 2018

Massachusetts agencies take note: Are you paying women the same salary that you pay men for comparable work? It's worth taking an inventory because on July 1, 2018, an updated equal pay law will go into effect in Massachusetts. The law covers employers of all size. Employers that are successfully sued for non-compliance face double damages and legal fees.

How digital technologies are transforming the claims process

A customer's satisfaction with insurance really isn't put to the test until they experience a claim. How quickly is their claim resolved? How much of a hassle is the claims process? How satisfied are they with the result? There's some good news on this front. Technology is bringing new efficiencies to the claims process. Here's what you can expect to see more of in 2018.

MA Work Comp Rates: "Toto, we're not in Taxachusetts anymore!"

With the approval of an astonishing overall average rate decrease of 12.9 percent, effective July 1, 2018, Massachusetts will retain its crown as one of the least expensive states in the country for workers compensation. This unlikely story has its origins in the state's 1991 reforms, which over time propelled the state from the third highest cost to among the very lowest.

Blockchain and insurance: Real world applications

Remember back in the 1990s when everyone was talking about the World Wide Web and the information superhighway of the future? One could be forgiven in those early days for failing to anticipate the way that the early Internet would rapidly evolve and impact virtually every facet of our lives. The next game changer? Get blockchain on your radar, it it isn't there already.
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