The top legislative priority for PIACT—during the 2023 legislative session—was the passage of legislation that would make small, but critical changes to the process for placing insurance policies in the nonadmitted marketplace. That legislation, H.B.6621, was signed...
For decades, wildfires have been synonymous with California, as the Golden State has experienced some of the most devastating wildfires in our nation’s history. However, in recent years, wildfires have extended past California and now threaten other regions within the...
The top legislative priority for PIACT—during the 2023 legislative session—was the passage of legislation that would make small, but critical changes to the process for placing insurance policies in the nonadmitted marketplace. That legislation, H.B.6621, successful...
As the world becomes accustomed to a sharp increase in major cyberattacks and data breaches, cyber insurance is becoming more popular. Cyberinsurance can protect a business if it is held liable for losses suffered if hackers steal customers’ sensitive data. You can...
The Grieving Families Act passed both houses of the New York state Legislature in June 2023. It proposes sweeping changes to New York’s wrongful death statute, which has been on the books since 1847. Currently, under the law, compensable damages in wrongful death...
Some 1,500 insurance professionals gathered at the Annual Conference hosted by PIANJ and PIANY, at the Hard Rock Hotel Casino in Atlantic City on June 4-6, 2023. Those who wanted to grow their relationships and industry connections; energize their businesses; and...
With climate change set to raise the temperature of the planet dramatically, the frequency of natural disasters is increasing. The insurance industry is struggling to keep up with skyrocketing homeowners insurance claims. For example, drought conditions in California...
Independent insurance agents must adapt to the changing expectations of modern consumers to remain competitive in today’s insurance landscape. Nowadays, consumers seek an experience that matches the quality of service offered by leading brands like Amazon and...
Representatives from the Professional Insurance Agents of New York State Inc., met with state legislators at the Legislative Office Building in Albany, as part of the association’s 2023 Albany Lobby Day program. Participants spent the day on May 2, 2023, visiting with...
If you want to know how a business is really doing, look at its reviews. You’ll discover honest thoughts from customers about their experiences. People trust and seek out reviews because they’re from real people. So, it’s natural for businesses to want solely positive...