Imagine yourself steering through the tumultuous waves of today’s insurance market. As an insurance producer, you’re not just managing risks; you’re navigating a sea of change characterized by escalating prices, tightening underwriting standards and reduced...
Agents face opportunities and minefields in equal measure from the artificial intelligence revolution. No one questions that AI-powered tools can slash the time to perform many agency tasks, but hidden dangers and costs lie just beneath the surface. Two of the biggest...
There were sweeping changes for New Jersey’s campaign-finance and pay-to-play laws in 2023. Gov. Phil Murphy signed the New Jersey Elections Transparency Act, P.L. 2023, c. 30, into law on April 3, 2023, and later he signed Executive Order 333 into effect on June 15,...
For the last three years, PIANJ has worked with the Department of Banking and Insurance to add amendments to the state’s insurance regulation to allow insurance producers to carry over continuing-education credits into a new licensing period, and other changes that...
So, it used to be that if clients asked you if their homeowners insurance policy covered their property anywhere in the world, you could reply: “Yes. However, if they are in another one of your residences, then coverage is limited to 10% of the limit shown in your...
The Department of Banking and Insurance formally published proposed amendments to the state’s insurance producer continuing-education regulation earlier this week. Under the proposed amendments to N.J.A.C. 11:17-3.6 would: allow producers to carry over up to 12 CE...
With spring underway, bringing large amounts of rain and snowmelt, it’s more important than ever that agents are doing their best to educate homeowners about flood insurance. Recent data from the Federal Emergency Management Agency indicates that the U.S. has...
During the first few months of the pandemic, the phrase the new normal was everywhere and it was meant to describe what things would be like going forward. It was meant to describe what we have always done, but would be done differently than it had in the past. For...
Personal- and commercial-lines insurance policies are nuanced. If you know how each policy will respond to an insurance claim, you can help your clients be better prepared ahead of time. Quiz yourself with the following examples: Do both personal- and commercial-lines...
Personal- and commercial-lines insureds are responsible for injuries or damage when they rent vehicles (or rent out their own vehicles to others), when they are hired to use their vehicles to provide delivery or transportation services and when they borrow or lend...