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MassDrive Insurance Group

Insurance, United States, Massachusetts, Boston

MassDrive Insurance Group provides innovative insurance solutions with a focus on customer satisfaction and technology-driven processes, setting us apart in the industry.

About MassDrive Insurance Group

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Massachusetts state
Official Website
http://www.massdrive.com
Location Address Official Phone Email
United States of America, Massachusetts state 381 Elliot Street Suite 160E, Newton Upper Falls, MA 02464 **** ****
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FAQs – MassDrive Insurance Group

How does moral hazard affect businesses?

Businesses may take on riskier projects or financial decisions if they believe they will receive government bailouts or insurance payouts. For example, large banks may engage in risky lending, assuming they are "too big to fail" and will receive support if their strategies backfire.


What certifications do actuaries need to work internationally?

Actuaries can obtain global certifications from professional bodies like the SOA, CAS, Institute and Faculty of Actuaries (UK), or the Institute of Actuaries of India, depending on the country they work in.


How does the FCA ensure financial stability in the insurance sector?

The FCA monitors insurers’ financial health, capital reserves, and risk management strategies to prevent market failures and protect policyholders.


Does Hull Insurance cover cargo?

No, Hull Insurance does not cover cargo. However, Cargo Insurance is a separate policy that covers goods transported by sea, while Hull Insurance focuses on the vessel itself.


What does Medicare Part B cover?

Medicare Part B covers doctor visits, outpatient care, preventive services, lab tests, medical supplies, and some home health services with monthly premiums and cost-sharing.


What is the RBC ratio?

The RBC ratio compares an insurer’s available capital to the required RBC, indicating how much capital they have relative to their risk exposure.


Are weather-related damages covered by comprehensive insurance?

Yes, comprehensive coverage usually includes protection against weather-related damages, such as hail, windstorms, or tornadoes, unless the policy specifically excludes such perils.


Is the CPCU designation recognized internationally?

While primarily recognized in the U.S., the CPCU designation is respected globally in insurance and risk management industries due to its rigorous academic and ethical standards.


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