When the commercial insurance market tightens, agents and brokers often become the frontline to answer client questions about nonrenewals, midterm cancellations and rate hikes. Fortunately, New York Insurance Law Section 3426 offers a detailed playbook on how...
In New York state, personal-lines insurance policies come with a tightly regulated framework under Insurance Law Section 3425, setting specific rules for when and how policies can be canceled or nonrenewed. As an agent or broker, understanding these nuances isn’t just...
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.
Even if your clients and colleagues have only a passing interest in politics and world affairs, you have probably heard them talk about the tariffs proposed by President Donald Trump. While it is generally understood that these tariffs mean an increased price on goods...
A bill that was reported out of the Senate Labor Committee in New Jersey, S-1688, would, if passed, further restrict the use of nondisclosure and nondisparagement agreements in employment contracts—particularly in cases involving discrimination, retaliation or...
In the commercial rehabilitation services sector, effective risk management is essential to protect businesses from liability, financial losses and operational disruptions. Independent property/casualty insurance agents play a critical role to identify exposures and...
While a pregnancy announcement at work can be welcomed and exciting, sometimes it can stress the relationship between employer and employee. Surprisingly, pregnancy discrimination often is one of those awkward discussion topics that tends to be avoided, or it gets...
Across the region, businesses harness artificial intelligence and the Internet of Things to transform operations, drive smarter decisions and spark extraordinary growth. This movement infuses every corner of business with energy, creativity and the promise of a...
To increase transparency around flood risk and encourage climate resilience, Connecticut lawmakers have introduced S.B.1245—An Act Establishing a Resilient Connecticut Strategy. If passed, this bill would bring significant changes to how flood insurance is disclosed...
