Millennials and Gen Z represent the largest generation in history, and both generations are a largely untapped market for the insurance industry. While the insurance world has been evolving, let’s face it, the processes can be clunky and cumbersome, which is not...
Startup tactics: Launching and scaling efficiently on a limited budget
Launching a startup company without a budget is possible with the right approach. Accomplish your goals by choosing the right type of business, maximizing efficiency, and using innovative tactics to scale your business. Here are some tips to get you started. Getting...
PIANY, DFS continue discussions on carrier exits from N.Y. marketplace
Last week, representatives from PIANY met with officials from the New York State Department of Financial Services for a second time this month to continue discussions on the impending exits of Adirondack Insurance Exchange and Mountain Valley Insurance Company from...
Back to school: why cyber bullying coverage is integral for teens and families
Where did the time go? It seems like summer began just yesterday ... As summer winds to a close and the excitement of a new school year builds, it's easy to get swept up in the rush of buying school supplies, meeting new teachers and planning your daily routines....
What to know: The N.Y. insurance guaranty fund
Insurance is meant to protect you when unexpected events happen, but what happens if your insurance company goes out of business? That’s where the New York insurance guaranty fund comes in. This fund is designed to protect policyholders and ensure that claims are paid...
Tech: Build and maintain strong customer relationships
Nothing impacts your business’s success more than the strength of your customer relationships. Delivering high-quality customer service makes your customers feel connected, encouraging them to renew, purchase additional products, and recommend your agency to others....
Federal court for the Northern District of Texas strikes down FTC’s noncompete rule
A recent ruling from the United States District Court for the Northern District of Texas has significant implications for the future of noncompete agreements in the U.S. In the case of Ryan LLC v. Federal Trade Commission, the court set aside the Federal Trade...
Agents Advocacy Coalition Chair Fred Holender attends reception for Rep. Steve Hawley
Fred Holender, CLU, CPCU, ChFC, MSFS, chairperson of the PIANY Agents Advocacy Coalition, recently attended a reception honoring New York state Assemblyman Steve Hawley, R-139. The event, held to recognize Hawley’s continued service and commitment to the community,...
Understand each client’s needs: tailor policies
As an independent insurance agent, navigating the market and crafting an offer that stands out from the rest—an offer that can’t be dismissed easily—requires a deeper understanding of your client’s specific needs and business circumstances. If you're not focused on a...
Inflation, construction, and homeowners insurance
All homeowners should brace themselves for sticker shock next time their homeowners policy is up for renewal. Inflation’s effects on the construction industry and the broader economy extend to premiums charged on insurance policies. While it may cost more now, the...