Have you thought about visiting Canada? Our friendly neighbor to the north is an extremely popular travel destination for Americans. The Seattle Times, has reported that 9.1 million Americans traveled to Canada in 2022. While Mexico took the lion’s share of American...
Triple I: Dog injury claims have risen in 2023 from 2022, with payouts totaling $1.12 billion. Can AI assist with the talent shortage issues facing the claims industry? PIACT held its Connecticut Convention, seeing the election of new PIACT and CTYIP officers and board members, and the presentation of the Awards of Distinction. New Jersey’s digital equity plan has been accepted by the federal government. PIANY priority excess-line reform bill heads to Senate floor. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
The New York state Legislature might be in the process of negotiating the budget, but it took the time to introduce two PIA-supported bills that could have a significant impact on the homeowners and auto marketplace, respectively. C-MAP Assemblyman Steven...
Over the last several legislative sessions, PIANY has been pushing for reforms to the way business is placed in the excess & surplus marketplace to ensure that agents and consumers have access to the insurance producers they need. During the 2021-22...
Talent shortages continue to rank in the top 10 concerns of insurance industry stakeholders.[1] According to the U.S. Census Bureau 12,000 people per day will turn 65 in 2024, calling this milestone “Peak 65.” Peak 65 is expected to lead to talent shortages in the...
PIACT’s annual Connecticut Convention returned to Foxwoods Resort Casino, Mashantucket this year. The event, which was held at the end of March, featured hundreds of agents, company representatives, exhibitors, and more industry professionals from across the state....
4.8 magnitude earthquake rocks Northeast—are your clients calling you with questions about coverage options? The 2024 hurricane season is predicted to be “very active.” PIACT met with legislators and Connecticut Insurance Department representatives at its Legislative Reception. New York announced that $412 million in bonds and subsides for the renovation and construction of 1,100 homes. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
PIACT held its annual Legislative Reception on March 19, 2024, in the lobby of the Connecticut Legislative Office Building. The event presented a unique opportunity for insurance agents to share their experiences, insights and visions for the future of Connecticut’s insurance industry with members of the state legislature and the Connecticut Insurance Department. PICTURED: (L-R) PIACT Director of Government & Industry Affairs Bradford J. Lachut, Esq.; PIACT National Director Jonathan T. Black, LUTCF, CPIA, CLTC, NAMSA, NSSA; Representative Kerry Wood, D-29, co-chair of the Insurance and Real Estate Committee; and PIACT Government & Industry Affairs Specialist Theophilus Alexander.
In the ever-evolving landscape of the business world, the significance of safeguarding operations against unforeseen disruptions cannot be overstated. Business interruption insurance emerges as a pivotal safeguard designed to protect businesses from the financial...
Rarely is the role of the insurance agent or broker ever more important to a client than when that client has experienced a claim. Guiding clients through the claims process is a critical component of the agent’s or broker’s job. It involves not just a deep...