Rhode Island Joint Reinsurance

The Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the Massachusetts FAIR Plan (Fair Access to Insurance Requirements), plays a vital role in ensuring accessibility to property insurance in Massachusetts. Established in 1968, MPIUA is a residual market insurance association designed to provide basic property coverage to applicants who have been unable to obtain insurance through the traditional market.

Our Mission

Our primary objective is to make property insurance accessible to eligible applicants who might otherwise struggle to obtain coverage due to certain circumstances. We achieve this by:

• Providing property insurance coverage through the Homeowners, Dwelling Fire, and Commercial Property programs.
• Collaborating with member companies to share risks and ensure affordability.
• Offering flexible payment options and competitive rates.

Our History and Evolution

The emergence of MPIUA stemmed from the aftermath of widespread civil unrest in the 1960s. Faced with significant losses exceeding coverage limits, property insurance companies grappled with the aftermath. Recognizing the urgent need for accessible insurance in urban areas, the federal government and state legislatures collaborated to establish FAIR Plans across the nation.

Our Services

MPIUA offers a comprehensive suite of services to ensure a seamless application and claims experience.

• Risk assessment and underwriting: We meticulously assess potential risks and provide tailored coverage options.
• Policy issuance and claims handling: We issue policies promptly and handle claims efficiently and fairly.
• Loss prevention resources: Our experts share valuable insights to mitigate potential losses.
• Producer and agent support: We collaborate with producers and agents to streamline the application and claims processes.

Our Commitment

MPIUA is committed to:

• Providing accessible and affordable property insurance to eligible applicants.
• Maintaining transparency and accountability in our operations.
• Partnering with stakeholders to address evolving risks and improve the property insurance landscape.