Recently, the Vermont Legislature passed a significant piece of legislation to enhance transparency in real estate transactions and rental agreements concerning flood risk. The measure, which is part of a larger piece of legislation (H.687), would mandate that...
A draft of the Farm Bill has been released, which includes a piece of PIA-priority legislation. New Jersey is the first to announce a series of climate resilience reforms that feature a comprehensive update of land resource protection regulations. New York state introduces a series of new bills into the Senate and Assembly. Vermont’s Department of Financial Regulation will participate in a climate data call. 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.
Business interruption was the insurance buzzword for much of the COVID-19 pandemic. Many business owners closed their businesses without experiencing physical damage to their property. Insureds who sought coverage for interruption of their businesses...
The New York state Senate is considering a bill, introduced by Sen. Neil Breslin, D-46, which would amend the Insurance Law concerning anti-concurrent causation clauses (S.9421). These clauses often create confusion and frustration for policyholders during claim...
Last year, in a previous blog article, I explored the concept of parametric insurance and how its novelty presents an attractive insurance option for both insurers and consumers—especially when traditional insurance products may fall short in managing and mitigating...
Following victories for pet-loving homeowners in 2021 and 2022, when Gov. Kathy Hochul signed Chapter 545 of the Laws of 2021 and Chapter 679 of the Laws of 2022—which prohibited insurance companies from refusing to issue, renew or increase premiums, as well as...
Over two months ago, PIA Northeast welcomed back Mary Anne Cecchetto as the new director of membership. Cecchetto has nearly 38 years of experience in the insurance industry, serving as a sales & retention representative for 14 years and 13 years as a membership...
PIANY’s top-priority photo inspection law (A.3172-A/S.5889) went into effect on Wednesday, May 15, 2024. This legislation makes important changes to New York state's antiquated photo inspection system. The law allows insurance carriers to submit a waiver to...
PIA’s annual Market Trends Survey is now live: take it today! Connecticut has signed a new law to prohibit medical debt being reported to credit agencies. In New Hampshire, the Senate passed S.B.423, a bill that would ensure all parties involved in an auto accident the pertinent legal information. PIANY President Gary Slavin, CIC, LUTCF, CLTC, issued a statement about recent legislative victories in the state. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Legal requirements related to offering supplemental spousal liability coverage may get a little less confusing in New York state. A bill (A.9407), which would make important changes to the supplemental spousal liability coverage in auto policies, passed the state...