New York Attorney General Letitia James unveiled two historic settlements valued at a combined $328 million with ride-sharing conglomerates Lyft and Uber on Nov. 1, 2023. These settlements mark the conclusion of extensive investigations into both companies, revealing...
The New York State Department of Financial Services released its official second amendment to the cyber security regulation (23 NYCRR 500) on Nov. 1, 2023. The amendment makes multi-factor authentication mandatory for all covered entities, increases the thresholds for...
Professional insurance agents may be aware that the insurance industry is amid a hard market. This means you also may have noticed that your insureds’ premiums have risen, and insurance coverage is more restricted, among other changes. PIA Northeast conducted a survey...
As the rise in retail theft continues to plague businesses nationwide, the impact on the retail landscape is clear. The COVID-19 pandemic has created a unique set of circumstances that have contributed to the surge in retail thefts—affecting both large and small...
I received a deadline of Sept. 29 to finish and submit this article—it was assigned to me on Sept. 15. Having a 14-day window to draft an article for PIA Northeast News & Media is more than enough time. Coincidently, those 14 days also signify the time frame my...
We (independent agents) are raised to sell umbrella liability insurance policies, but why? We are told to sell umbrellas because people can get sued for an auto accident or a slip-and-fall, and other outrageous scenarios. Basically, when you make a mistake and cause...
The COVID-19 pandemic left a major mark on the American workforce that can be seen in every industry. The U.S. Chamber of Commerce provided a brief overview of these trends in a September 2023 report. The report characterizes this phenomenon of industries seeing high...
There have been recent changes to New York state’s workers’ compensation law that is important to for employers to note—starting in 2024. In September 2023, Gov. Kathy Hochul signed S.1161-A/A.2034-A into law, which will increase the minimum benefits for workers’...
Like most things, insurance policies should be straightforward to understand. If you were to educate yourself about policies or ask your independent agent to clarify something, it shouldn’t lead to you agonizing over the details. In the case of homeowner’s insurance...
As the insurance sector continues to embrace technological advancements, it finds itself at the crossroads of leveraging digital solutions and confronting associated cyberthreats. Insurance agencies and companies hold vast amounts of sensitive information, from...