PIANJ pushes back on proposed ABC test rule that could shake up independent agencies

PIANJ pushes back on proposed ABC test rule that could shake up independent agencies

PIANJ, along with a coalition of other insurance associations, sat down with legal counsel for Gov. Phil Murphy earlier this week, to raise serious concerns about a proposed regulation from the New Jersey Department of Labor and Workforce Development. The topic? A sweeping new rule that would redefine the ABC test used to determine whether a worker is an employee or an independent contractor. And, if you’re an independent insurance agent in New Jersey—or anywhere in the Northeast—this one’s worth your attention. [PHOTO CAPTION: (L-R) David Pascrell, Gibbons P.C.; Dennis Cuccinelli, National Association of Insurance and Financial Advisors; Gary La Spisa, Insurance Council of New Jersey; Mary Kay Roberts, Riker Danzig; PIANJ’s Brad Lachut; Roger Moore, NAIFA; and Vincent Ryan, American Council of Life Insurers.]

Conn. Supreme Court clarifies broker duties on nonrenewal: What producers need to know

Conn. Supreme Court clarifies broker duties on nonrenewal: What producers need to know

In a significant decision for Connecticut insurance professionals, the Connecticut Supreme Court has clarified the obligations of insurance brokers regarding policy nonrenewal notifications. The ruling in Deer v. National General Insurance Co., offers new guidance on a question that has long vexed producers: What, if any, duty does a broker have to notify clients when their homeowners insurance policy is not renewed?