Brady Kelley is the executive director of the Wholesale & Specialty Insurance Association, a member service organization representing the entire wholesale, specialty and E&S industry. Dan Maher is the executive director of Excess Line Association of New York,...
The New York state Senate just passed S.6028, 56-7, sponsored by Sen. Neil D. Breslin, D-44. This bill would make photo inspections of private passenger automobiles optional. Currently, many consumers are required to get a photo inspection of their vehicle within 14...
Legislation that would require businesses and certain rental units to carry insurance passed the state Senate (25-11) on May 26. The bill, S-1368, sponsored by Senate President Scutari, D-22, would require business owners to purchase liability insurance in an...
The 2021-22 legislative session is wrapping up this week with the House and Senate set to complete all their work by May 26, 2022. The Legislature just completed the committee of conference phase, which is when committees made up of four House members and three...
The Connecticut General Assembly adjourned on May 4, without setting a date to reconvene. It was one of the shortest legislative sessions in recent history. As has been the case in recent years, the session kicked off with a deluge of bills being...
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...
On May 9, the New York state Assembly passed S.8127, which would simplify the excess-line insurance placement affidavit requirements brokers must complete before placing insurance in the excess marketplace. The bill passed the state Senate on March 23, so the final...
Almost everyone acknowledges that regardless of the industry involved, revenue generation has become more challenging over the years. Today several selling and business development tools are available to independent agents that make it is easy to lose sight of the big...
In April 1982, I had the opportunity to become a partner in a property/casualty insurance agency. That was the good news. The not-so-good news was that the opportunity was with a start-up agency with no carrier contracts and no clients. However, we continued to...
We live in an information age, in which colleagues share more of their personal selves in the workplace. Today’s employees want full transparency on all levels. Gone are the days when it was taboo to discuss money, wages, bonuses and pay with your colleagues. However,...