On Dec. 13, 2023, the Federal Communications Commission adopted significant regulatory changes under the Telephone Consumer Protection Act, which will attempt to curb unlawful text messages and close loopholes exploited by lead generators. These measures are intended...
The New Jersey Young Insurance Professionals hosted its 40th Annual Fun Run 5K June 4, 2024, at 6:30 a.m., on the scenic Boardwalk outside the Hard Rock Casino in Atlantic City. The event saw over 80 enthusiastic runners, who collectively raised an impressive $80,905...
Gov. Chris Sununu signed H.B.1046, which targets boater safety, into law on June 11, 2024. Effective Wednesday, Jan. 1, 2025, this new law requires that boat operators involved in accidents resulting in death, injury, or property damage must immediately stop and...
One of the most exciting insurance events in the cosmos was held June 2-4, 2024, at the Hard Rock Hotel Casino in Atlantic City: the PIANJ | PIANY Annual Conference. At the event, more than 1,600 insurance professionals gathered from around the region to forge...
In the 2023 E&S edition of PIA Magazine, I wrote about the perils and pitfalls that insurance producers face when placing business in the nonadmitted—or excess & surplus lines—marketplace through the lens of Lord of the Rings. [EDITOR’S NOTE: You can access...
Property owners along New York state’s Great Lakes and rivers may now have increased insurance options soon. The New York state Assembly passed A.9821, sponsored by Assemblyman Steven Otis D-91, on Wednesday. This legislation is set to widen the eligibility criteria...
When it comes to navigating the streets, electric scooters, or LSESs, are as trendy as they are tricky. As the popularity of LSES and their presence on the roadways increases, it became all but certain that questions about insurance coverage would arise. For example,...
Business interruption was the insurance buzzword for much of the COVID-19 pandemic. Many business owners closed their businesses without experiencing physical damage to their property. Insureds who sought coverage for interruption of their businesses...
The New York state Senate is considering a bill, introduced by Sen. Neil Breslin, D-46, which would amend the Insurance Law concerning anti-concurrent causation clauses (S.9421). These clauses often create confusion and frustration for policyholders during claim...
Last year, in a previous blog article, I explored the concept of parametric insurance and how its novelty presents an attractive insurance option for both insurers and consumers—especially when traditional insurance products may fall short in managing and mitigating...