Cyber series: What is a Class A company?

When New York state’s cyber security regulation (23 NYCRR 500) was amended at the end of 2023, it included the creation of a new type of covered entity referred to as Class A companies. Due to their size, these companies are required to go above and beyond what...
N.J.: Stay update on pay-to-play changes

N.J.: Stay update on pay-to-play changes

There were sweeping changes for New Jersey’s campaign-finance and pay-to-play laws in 2023. Gov. Phil Murphy signed the New Jersey Elections Transparency Act, P.L. 2023, c. 30, into law on April 3, 2023, and later he signed Executive Order 333 into effect on June 15,...

Grow and achieve more with agency automation

Grow and achieve more with agency automation

In a rapidly evolving world driven by innovation and digital technologies, staying ahead of the curve is paramount for businesses—specifically in the insurance industry. Insurance agencies face high volumes of paperwork, complex processes, intricate regulations, risk...

Weekly Dispatch: Feb. 29, 2024

Weekly Dispatch: Feb. 29, 2024

Government faces possible partial shutdown as Friday deadline nears; NFIP could lapse. The New Jersey Boardwalk Preservation Fund releases $100 million for 18 municipalities to develop and preserve their boardwalks. New York announces $6 million for cyber risk and resiliency for local governments statewide. 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.

Cyber series: What is a Class A company?

Cyber series: What is a Class A company?

When New York state’s cyber security regulation (23 NYCRR 500) was amended at the end of 2023, it included the creation of a new type of covered entity referred to as Class A companies. Due to their size, these companies are required to go above and beyond what...

Tech strategies for stability in small business

Tech strategies for stability in small business

Technology has become a key player in the stability and success of modern small businesses. New technologies provide business owners with opportunities to boost growth and overcome obstacles. These tools are critical to enhancing an organization’s financial...

Weekly Dispatch: Feb. 22, 2024

Weekly Dispatch: Feb. 22, 2024

Learn about agency commission cuts as we move through a hard market: why can carriers make cuts and what are your rights as an agent? A New Jersey court rules against a casino in a business interruption claim over COVID-19. A bill that would direct the New York Department of Financial Services to study the need for a private flood-insurance market passes the state Senate. Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.

N.Y.: Private flood-insurance market study passes Senate 

N.Y.: Private flood-insurance market study passes Senate 

Last week, the New York state Senate passed legislation that would direct the New York State Department of Financial Services to—in part—study the possibility of supporting a private flood insurance market.  The bill (S.8167), sponsored by Sen. Neil Breslin,...

Carrier do’s and don’ts: Commission cuts

Carrier do’s and don’ts: Commission cuts

To anyone who works in the insurance industry, it is clear that the marketplace is going through a period of transition. The increasing occurrence of severe weather, growing interest rates, and increasing replacement cost are a few of the drivers that are creating...