S.B.1386 has officially been voted out of committee—marking a step forward in Connecticut’s efforts to address breed-based discrimination in homeowners and renters insurance. Importantly, the version of the bill that advanced includes all the technical corrections...
As part of the Federal Emergency Management Agency’s ongoing efforts to enhance and streamline the systems that support flood insurance processing, National Flood Insurance Program Direct is migrating to a new system, with the go-live date set for Monday, April 7,...
The PIA Connecticut Convention—held at Foxwoods Resort Casino—was a smashing success. From March 20-21, more than 300 insurance producers from the Northeast gathered to network, learn and expand the capabilities of their businesses. Highlights from the two-day...
The term hoarding can bring some horrific images to mind—mostly due to several television shows on the topic. However, being as it’s TV, and they need drama and the dramatic, what is shown on TV is often some of the worst cases. That doesn’t mean hoarding should be...
Macroeconomic factors and the marketplace have created favorable conditions for the insurance industry (as a whole) leading to strong, consistent profitability. While the industry continues to offer benefits like stability, recurring revenue and a robust secondary market, new challenges have emerged that can impact the insurance business negatively and create additional risk.
PIANY has long advocated for a more effective and consumer-friendly insurance marketplace. In past legislative sessions, PIANY successfully championed key reforms, including standardizing the definition of windstorm, and banning harmful bait-and-switch tactics....
Understanding a broad array of company attributes can offer insurance agencies insight to scale their organizations effectively. Small- to mid-sized agencies face unique challenges and opportunities that require tailored strategies, structures and leadership...
New Jersey’s pay-to-play law (P.L. 2005, c. 271 Section 3), requires insurance agencies to file electronic annual disclosure statements by Tuesday, April 1, 2025. Insurance agencies that have received $50,000 or more in the aggregate during the 2024 calendar year—through contracts with a public entity or public entities—must file the annual disclosure statement that lists various political contributions made during the year.
The PIACT held its annual Legislative Reception on March 13, 2025, at the Legislative Office Building in Hartford, Conn. [CAPTION: (L-R) Rep. Kerry Wood, D-29, co-chairperson of the Insurance & Real Estate Committee, and Kelly Bettuchi, director of government affairs for The Connecticut Group LLC.]
New York Gov. Kathy Hochul signed a chapter amendment—A.2056—into law last month, which further limits how much flood insurance mortgage lenders can require. This new law amends legislation passed last session that prevented lenders from demanding flood insurance that...