Representatives of PIANY met recently with officials from the New York State Department of Financial Services to discuss the impending exit of Adirondack Insurance Exchange and Mountain Valley Insurance Company from the New York marketplace. This meeting comes in...
New report examines the issues driving up homeowners insurance costs. U.S. senators issued a letter to the FTC pressing it to investigate automakers disclosing driving data. New Jersey launches initiatives regarding artificial intelligence. In New York state, PIA Northeast offers resources to help members educate their clients about Adirondack Insurance Exchange’s withdrawal from the New York insurance market. Vermont offers resources to help residents recover from flooding—PIA Northeast offers resources to help members educate their clients about the importance of flood insurance. Plus, you can read about state-specific industry news, advocacy updates, technical resources, an in memoriam to former New York state Sen. James Seward, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Dear PIANY members, I’m writing to you to discuss the recent announcements from Adirondack Insurance Exchange and AmGuard Insurance Co., regarding their decisions to withdrawal from specific insurance marketplaces. When the announcement was made, an email was sent to...
Former New York state Sen. James L. Seward, a prominent leader in New York state Legislature, passed away on July 27, 2024, at the age of 72, after a long battle with cancer. Seward’s distinguished career in public service spanned over three decades, during which he...
In a significant legal development, Suffolk County state Supreme Court Judge Alison Napolitano temporarily halted a law that would limit the outside income of New York state lawmakers. This decision, which was rendered on July 17, 2024, marks a notable victory for...
Federal rule to make communities more resilient to flood have been finalized. PIACT put significant advocacy efforts into a bill on child care liability insurance. New York requests a Federal Emergency Declaration to support recovery operations after severe storms on July 15 and 16. Vermont requests a secretarial disaster designation from the USDA for July floods. 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.
The 2024 legislative session in Connecticut was a tumultuous one for insurance-related matters. The Connecticut legislative calendar alternates between a long-session year and a short-session year. The 2024 session was a short session—characterized by two significant...
Staged construction accidents have become a growing concern in New York, significantly affecting the property/casualty insurance sector. This fraudulent activity undermines the integrity of the construction industry and leads to substantial financial repercussions for...
Recently, the Department of Banking and Insurance released Bulletin No. 24-10, requiring all insurers authorized or admitted to sell property/casualty insurance in New Jersey to participate in a comprehensive survey on low-income housing discrimination. Facing...
In May, the New York Compensation Insurance Rating Board submitted an application for an overall loss cost decrease of 9% to the New York Department of Financial Services. The DFS approved the application as filed with an effective date of Tuesday, Oct. 1, 2024. There...