Weekly Dispatch: March 30, 2023
Global warming and inflation are having an affect on the insurance industry. Report: Cryptocurrency-based crime reached unparalleled heights in 2021. PIACT elected new officers, directors at its Annual Convention last week. This election year, all 120 legislative seats in New Jersey are on the ballot—see how the races are shaping up in your district. And, PIANY’s priority “bait-and-switch” and photo inspection bills pass state Assembly. Plus, you can read about state-specific industry news, advocacy updates, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
Trends in cryptocurrency insurance
With the onset of the COVID-19 pandemic in 2019, the world had to grapple with both a public health and economic catastrophe. Therefore, it doesn’t seem coincidental that through the surge in remote employment, unemployment rates rising, and the reliance on technology...
Insurance renewal cross-selling strategies
You have heard the old saying from the movie Glengarry Glen Ross, that talks about the ABC’s of selling: “Always be closing.” Well, I am a firm believer in a similar concept of “Always be cross-selling.” Cross-selling is one of the most powerful tools you have as an...
N.Y.: ‘Bait and switch’ bill passes state Assembly
It is a good day for PIANY members! On Monday, the New York state Assembly unanimously passed A.4688, which would restrict the adverse “bait-and-switch’ practice in personal auto insurance. Bait and switch is the colloquial term used to describe when an insurance...
Weekly Dispatch: March 23, 2023
PIA survey: Many independent insurance agents are reporting that their business and income has increased despite many challenges. The National Oceanic and Atmospheric Administration announced that the three-year La Niña weather phenomenon has ended. New Hampshire and New York receive federal disaster assistance for damage caused by winter storms. And, bait and switch, photo inspection bills move to full N.Y. Assembly for a vote. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, accolades and education opportunities in this issue of the Weekly Dispatch.
N.Y.: Bait and switch, photo inspection bills pass state Assembly Insurance Committee, to move on to full Assembly vote
Two of PIANY’s top legislative priorities were on the agenda of the New York state Assembly Insurance Committee and both were reported out of committee today. Here is a little more about the bills that passed and what comes next: Photo inspections PIANY’s top...
PIACT members educate legislators on issues important to agents, their clients
The warm granite atrium of the Connecticut Legislative Office Building served as the setting for the 2023 PIACT Legislative Reception, held on March 7, 2023. PIACT President Bud O’Neil, CPIA, welcomed the co-chairpersons of the Connecticut Insurance and Real Estate...
This election year: A look at the legislative districts in New Jersey (so far)
This year is an especially interesting one in New Jersey as all 120 legislative seats are on the ballot. If it seems like your legislators all just ran for (re)election, you’re correct. Typically, the state Assembly is up for election every two years, and the state...
Weekly Dispatch: March 16, 2023
According to the National Insurance Crime Bureau, over 1 million vehicles were stolen last year. New Jersey’s pay-to-play law requires insurance agencies to file electronic annual disclosure statements by Thursday, March 30, 2023. And, PIANY-priority anti-arson bill passes state Assembly. Plus, you can read about state-specific industry news, compliance issues, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
How can FinTech help reduce startup costs for small businesses
Launching your own small business can feel like a dream come true for aspiring entrepreneurs. After all, business ownership is a labor of love. It is an opportunity to earn a living pursuing your passions. And, there are few joys greater than that. However, the dream...
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