Massachusetts Property Insurance Underwriting Association
Amanda Rosatone has extensive experience in educational and administrative roles. Currently serving as Secretary at the Massachusetts Property Insurance Underwriting Association since June 2013, responsibilities include customer service, office management, and financial transaction processing. Concurrently, Amanda has volunteered as a School Committee Campaign Volunteer for Malden Public Schools since May 2017, focusing on event planning, research, and policy creation. Previous roles include Desk Receptionist at Salem State University and Instructional Assistant at Mystic Valley Regional Charter School, where Amanda was instrumental in managing classroom behavior and enhancing student learning through differentiated instruction. Amanda also gained valuable teaching experience as a Student Teacher at Gorman Fort Banks Elementary School and as a Reading Tutor at Horace Mann School. At LEAP for Education, Inc., Amanda worked with diverse student populations, including those with IEPs and ESL needs, fostering a collaborative and supportive learning environment. Amanda holds a degree from Salem State University.
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Massachusetts Property Insurance Underwriting Association
The Massachusetts Property Insurance Underwriting Association (MPIUA) is a residual market insurance association in which all companies writing basic property insurance in the Commonwealth are required to participate with losses shared among the member companies on a premium volume basis. Responding to Federal Legislation, the Massachusetts Legislature in 1968 called for an urban area insurance placement facility and thereby gave rise to MPIUA. MPIUA is also known as FAIR Plan (Fair Access to Insurance Requirements). The FAIR Plan operates similar to that of a normal insurance company in that it underwrites and inspects risks, accepts premium, issues policies and adjusts claims. It has a seasoned professional staff, which provides exceptional service to its clientele. FAIR Plans are the outgrowth of the national emergency created by three years of rioting in American cities, beginning with the Watts outbreak in 1965. When the rioting of the 1960s suddenly mushroomed to disastrous proportions, the companies found themselves in the position of having to pay losses in excess of $100 million, on which they had collected no specific premium. Although the companies paid these losses, their capacity was severely taxed and their normal riot reinsurance market had dried up. It became obvious that emergency revisions of underwriting and reinsurance procedures were necessary for the future protection of urban property and urban existence.