In today’s digital age, businesses are increasingly reliant on technology to operate efficiently. However, this dependence on digital systems also opens new avenues for risk, particularly in the form of cyberthreats. Look no further than the recent news of a global...
In recent years, insurance companies have increasingly turned to satellite imagery to evaluate the conditions of properties—particularly roofs—for underwriting purposes. This technological resource allows insurers to assess large numbers of properties from the air...
Summer is the perfect time for outdoor home improvement projects, and one of the most critical components of your home is the roof. It provides essential protection against the elements and contributes to the structural integrity of your property. When it’s time to...
Artificial intelligence and automation have made headline news in recent years. The meteoric rise of generative AI for content creation has some folks worried about the proliferation of fake news, while others have hailed the inception of large language models as the...
Triple-I/Milliman releases a forecasting report indicating the property/casualty industry will achieve profitability in 2025. In New Hampshire, a presidential declaration releases aid in four counties. New York’s Department of Financial Services adopts new guidance combatting discrimination in artificial intelligence. Vermont flooded by rain from the remnants of Tropical Storm Beryl: state suspends some regulations to aid in recovery, requests federal assessment of damages. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.
On April 20, 2024, Gov. Kathy Hochul signed into law Chapter 56 of the Laws of 2024, marking a decisive change in how insurance companies can interact with property owners who house tenants utilize federal housing vouchers. According to an investigative report by the...
Addiction rehabilitation centers face unique risks and challenges in their operations. It’s important to ensure that your rehabilitation center clients have the right insurance coverage to protect against these risks. This guide will help your clients understand the...
The 2023-24 legislative session in New York saw a flurry of activity, with legislators in both houses passing hundreds of bills. Despite this progress, several bills on PIANY’s radar did not pass the Legislature. Some bills passed one house but not the other, while...
In a significant development for New York state's insurance industry, Adirondack Insurance Exchange has announced its decision to exit the state's insurance marketplace. This move comes as AIE faces ongoing financial difficulties and a deteriorating capital...
In a significant move impacting the insurance landscape, AmGUARD Insurance Co., has announced its decision to withdraw from the personal-lines marketplace for admitted business nationwide, effective July 8, 2024. Most notably, this decision will affect homeowners and...