The push to modernize New York state’s continuing-education requirements for insurance professionals just took a major leap forward. The state Assembly Insurance Committee has unanimously approved A.6652-A—a bill that would allow insurance producers to carry forward...
The NFIP Direct program undergoes a system migration—it is expected to go back online April 7. Dog breed bill with PIACT suggestions moves out of committee. New Jersey’s DOBI issues bulletin on AI usage in underwriting. Insurance producers who do business in New York state must make their cybersecurity filings by April 15. 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.
When the commercial insurance market tightens, agents and brokers often become the frontline to answer client questions about nonrenewals, midterm cancellations and rate hikes. Fortunately, New York Insurance Law Section 3426 offers a detailed playbook on how...
In New York state, personal-lines insurance policies come with a tightly regulated framework under Insurance Law Section 3425, setting specific rules for when and how policies can be canceled or nonrenewed. As an agent or broker, understanding these nuances isn’t just...
In a strong step toward tort reform, New Jersey lawmakers have introduced legislation that would bring much-needed transparency and accountability to the fast-growing world of third-party litigation funding. For insurance producers and policyholders alike, this bill...
A.5811, a bill recently introduced to the New York state Assembly, would shine a light on how insurers handle liability coverage under the state’s infamous “Scaffold Law” (Labor Law Section 240). This law holds property owners and contractors absolutely liable for...
S.B.1386 has officially been voted out of committee—marking a step forward in Connecticut’s efforts to address breed-based discrimination in homeowners and renters insurance. Importantly, the version of the bill that advanced includes all the technical corrections...
On Feb. 11, 2025, the Department of Banking and Insurance issued Bulletin No. 25-03 to clarify how artificial intelligence may be used in insurance operations within the state. The message is clear: while innovation is welcome, consumer protection remains paramount....
As part of the Federal Emergency Management Agency’s ongoing efforts to enhance and streamline the systems that support flood insurance processing, National Flood Insurance Program Direct is migrating to a new system, with the go-live date set for Monday, April 7,...
A recent report from a Long Island news outlet highlighted an all-too-familiar pain point for consumers and insurance professionals alike: the surge in auto insurance premiums. While inflation, vehicle costs and repair expenses are contributing factors, one...
