District Office Visits are a key member benefit provided by PIA, designed to foster meaningful relationships between PIANY members and state legislators. These strategic advocacy meetings, held either in-person or virtually with state legislators, allow PIANY members...
Marsh: Ransomware continues to be a challenge for cyber insurance claims. Read all about the out-of-this-world 2024 PIANJ | PIANY Conference at the Hard Rock Hotel Casino. Vermont Gov. Phil Scott vetoed a data-privacy bill because it would make the state “hostile to businesses.” 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.
Gov. Chris Sununu signed H.B.1046, which targets boater safety, into law on June 11, 2024. Effective Wednesday, Jan. 1, 2025, this new law requires that boat operators involved in accidents resulting in death, injury, or property damage must immediately stop and...
One of the most exciting insurance events in the cosmos was held June 2-4, 2024, at the Hard Rock Hotel Casino in Atlantic City: the PIANJ | PIANY Annual Conference. At the event, more than 1,600 insurance professionals gathered from around the region to forge...
The state Assembly and Senate passed the bipartisan A.9232-B and S.8485-B on June 4 and June 5, respectively—marking the third consecutive year the state Legislature has acted on bills to address the wrongful death issue. Sponsored by Sen. Brad Hoylman-Sigal, D-47,...
FEMA may run out of money before the end of this year’s hurricane season. The Institute for Legal Reform has issued a new report on the rising trend of nuclear verdicts. Connecticut is releasing funds to bolster economic development in historically underserved communities. Multiple new insurance bills have passed the New York Legislature, including the PIANY top-priority windstorm bill. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
In recent years, Adirondack Insurance Exchange has grappled with challenging market conditions and increasing claims payment costs—leading to a decline in its financial strength. This situation now has culminated in Demotech's—a financial analysis and rating company...
Recently, the New York state Senate passed A.10362B/S.9327 which, if signed into law, would amend the Insurance Law concerning the authorization and regulation of owner-controlled and contractor-controlled insurance programs. This bill, introduced by Sen. Sean Ryan,...
The confusion around supplemental special liability coverage that has existed in New York state since last year may be alleviated soon. Legislation (A.9407/S9021), which would make important changes to SSL coverage in auto policies, has passed the New York...
Recently, the New York state Legislature has passed two significant bills poised to reshape the landscape of property/casualty insurance within the state. These legislative advancements address crucial issues in business interruption coverage and anti-concurrent...