Gov. Phil Murphy signed S-1559 into law on Tuesday, which allows consumers to bring “bad-faith” lawsuits against insurers to recover certain damages and expenses. Specifically, the new “bad faith” law—which goes into effect immediately—allows consumers to bring...
Last week, the New York state Legislature rejected the first round of proposed redistricting maps from the state’s Independent Redistricting Commission. Most members of the state Assembly voted the bills down, while the state Senate voted them down unanimously. This...
This year marks the second year of the New York state Legislature’s two-year legislative cycle. Any bill that failed to pass during the first year of the session has been returned to its chamber of origin and the process starts anew. The New York state Assembly wasted...
In Part I, we discussed how a bill is introduced in the state Legislature. In this second installment of articles discussing the legislative process in New York, we will review how to garner support for your bill—both inside and outside the Legislature. Additionally,...
PIANJ advocacy successful in ‘bad faith’ legislation. A New Hampshire bill regarding auto deductibles was introduced in the state Senate. And, The Bronx fire highlights important insurance implications—educate your current and prospective insureds. Plus, you can read about state-specific industry news, advocacy updates, technical resources, upcoming events and information you may have missed in the Weekly Dispatch.
On Sunday, a fire in a Bronx, N.Y., apartment building claimed the lives of 17 people[1], including eight children. According to the Associated Press, the fire was caused by a space heater. The flames damaged only the apartment unit in which the space heater was...
Now that the holidays are behind us, we can focus on the upcoming 2022 legislative session in New Hampshire. A look at who’s in charge On one hand, you may recall that Republicans in the state House of Representatives hold a slim majority (207-186-1) in that chamber....
I’m sure many, if not all, of you have seen the Schoolhouse Rock video I’m just a bill, about how a bill becomes a law in the U.S. The video gives an overview of the legislative process. But, have you ever wondered about the work that goes into how a bill becomes law,...
PIANY advocated successfully, removed insurance applications from New York’s new insurance disclosure law. The Northeast continues to recover from last year’s storms. And, New Jersey Gov. Phil Murphy declared a state of emergency in response to this week’s winter storm. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
Commissions seem basic: You sell an insurance policy to a client and you get a commission. However—as with all things insurance—it’s never quite that simple. There are laws and regulations regarding commissions, service fees, referral fees and rebating for insurance...