PIACT, CID share flood insurance uptake strategies
Recently, representatives of PIACT met with Connecticut Insurance Department Commissioner Andrew N. Mais and several high-level CID staff members to address challenges and potential solutions to increase flood insurance adoption across the state. The CID invited PIACT...
PIANJ’s E&O panel on navigating the hard market, what you may have missed
On Oct. 29, 2024, PIANJ hosted a dynamic panel discussion, The Perfect E&O Storm: Tips for the Hard Market, which brought together seasoned experts to share insights on managing errors-and-omissions risk in today’s challenging market. Part of PIANJ’s Deep Dive...
Infrastructure series: Aviation initiatives are taking flight
The holidays are fast approaching, and with millions of Americans expected to travel in the upcoming months, we are once again reminded that many of our nation’s airports are quite insufficient and lag behind competitors. Airports serve as critical hubs for trade and...
Important carrier updates: Market withdrawals and insolvency impact
Amid growing concerns about the financial health and stability of the insurance marketplace, the personal-lines sector has experienced significant disruption, driven by carrier withdrawals and a rise in insolvencies. These developments are further constricting an...
Weekly Dispatch: Oct. 31, 2024
News PIA Halloween content for agents and insureds Happy Halloween! The spookiest day of the year is finally upon us, bringing in all manner of ghosts, ghouls and other monsters. This month, PIA Northeast’s industry experts posted Halloween-themed content on PIA...
N.J. legislative roundup: The latest from Trenton
The latest legislative moves in New Jersey include new bills that would boost outdoor dining, would make driving schools more flexible, and would protect property owners. Additionally, in the past few weeks, New Jersey has rolled out a lineup of bills that would...
Insur-pocalypse Now: Where’s your coverage?
The once-great country of the United States of America: A FanDuel™ Subsidiary,[1] and the world at-large are no more. City streets that once teemed with Starbucks-bound workers, dog walkers, and perpetual street construction have been replaced. A mishmash of punks,...
N.J.: 2025 WC overall rate level decreases 6.9%
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -6.9% to become effective Wednesday, Jan. 1, 2025, applicable to new and renewal policies. The NJCRIB distributed Circular...
Buyer beware: The haunting Ackley Manor case
The Halloween season is well underway. It’s a time for spine-chilling tales and eerie encounters with the supernatural. When I am looking to scratch my supernatural itch, I don’t reach for Frankenstein or Dracula—I reach for my good old copy of the Appellate Division...
Weekly Dispatch: Oct. 24, 2024
Preliminary loss estimates indicate Hurricane Milton could cost private insureds $17-$50 billion. Connecticut government officials hold joint conference with financial service executives on disaster relief for late August flooding. PIANY sent letter to New York Gov. Kathy Hochul to encourage her to sign the PIA-priority windstorm definition bill. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
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