Third-party litigation funding has become an increasingly visible force in the civil justice system. These arrangements allow outside investors to provide cash advances to plaintiffs involved in lawsuits in exchange for a portion of a future settlement or...
In our ongoing series examining the insurance-related proposals in Gov. Kathy Hochul’s Transportation, Economic Development and Environmental Conservation budget, we’ve looked at measures affecting transparency, market stability and mitigation....
The New York state Assembly passed A.6652-B, legislation that would allow insurance producers to carry forward up to five excess continuing-education credits into their next licensing cycle, on Feb. 26, 2026. The bill is a top...
PIACT has formally expressed its support for H.B.5373–An Act Concerning Premium Billing Notices for Personal Risk Insurance Policies. At a recent public hearing held by the Connecticut Insurance and Real Estate Committee, PIACT submitted testimony in support of the...
In our ongoing series examining the insurance-related proposals in Gov. Kathy Hochul’s TED budget, we’ve looked at how Part BB would strengthen premium transparency, and how other provisions could affect market stability. Now we turn to Part DD—an...
Two bills introduced by Sen. James Skoufis, D-42, are drawing attention in Albany and across New York state’s property/casualty insurance marketplace. While both focus on transparency and accountability, they...
Insurance fraud is not a victimless crime. It drives premiums, strains underwriting capacity, and ultimately makes New York state less affordable for families, businesses and communities. A new proposal in Albany,...
In PIANY’s recent overview of Gov. Kathy Hochul’s Transportation, Economic Development and Environmental Conservation budget proposals, we outlined several insurance-related measures that could affect the personal lines marketplace in New York state significantly....
Connecticut lawmakers are once again revisiting an issue that sits right at the intersection of insurance underwriting and consumer protection: how insurers treat policyholders who own certain dog breeds. This session, H.B.Raised Bill 5264 would propose new...
Technology is reshaping property underwriting, and aerial imagery now is a routine part of how carriers assess risk. From satellite photography to high resolution flyovers, insurers have more data than ever before about the condition of insured...