In today’s challenging insurance landscape, managing errors-and-omissions risk is crucial. The hard market has brought with it unprecedented operational challenges—from staffing shortages, to shifting carrier appetites—and insurance agents must adapt quickly to avoid...
Upcoming compliance deadlines for N.Y. cyber security regulation: MFA, annual training
PIA Northeast published a seven-part series earlier this year that dove into the intricacies of the amended cyber security legislation in New York state. One article discussed the expansion of the entities that fall under the limited exemption for covered entities. As...
Spooky insurance, part II: Are extraterrestrials among us?
I have the perfect remedy for insomnia. When I can’t sleep, I reach for my smartphone and earbuds and start playing a random episode of History Channel’s Ancient Aliens. Ten minutes into a monotonous analysis of alleged alien spacecrafts depicted in ancient stone...
Infrastructure series: Why broadband internet access matters more than ever
As the internet becomes increasingly essential to daily life, disparities in internet quality across the country have revealed significant gaps. Many Americans in rural or underserved areas struggle with slow, unreliable or cost-prohibitive connections, while...
Understanding DFS guidance on cyber security risks from AI for insurance agents
As of Oct. 16, 2024, the New York State Department of Financial Services issued new guidance for the entities it regulates—specifically addressing cyber security risks arising from artificial intelligence. This guidance is especially relevant for insurance agents and...
N.J.: New bill would protect drivers from rate hikes for not-at-fault accidents
Drivers in New Jersey may soon have greater protection against insurance rate hikes for accidents for which they are not at-fault. Bill S-3717 was drafted to amend the state’s Insurance Law to prevent automobile insurers from penalizing drivers involved in accidents...
What is a restrictive covenant; why do I care?
In my completely biased opinion, the legal field has one of the best lexicons of any profession. Usurious, champerty, tortfeasor, and restrictive covenants are just a few of the myriad legal terms that all sound exceptionally legal and are almost completely opaque....
N.Y.: American Transit Insurance Co.’s looming collapse: causes, regulatory failures and impact
There was a time when New York City’s streets were dominated by yellow taxis—weaving through traffic and honking their way across the avenues—embodying the city’s frenetic energy. Hailing a cab was an art perfected by native New Yorkers—hand raised high, eyes scanning...
PIANJ Golf Classic 2024 raises $66,000 to benefit Special Olympics New Jersey
The PIANJ and Special Olympics New Jersey 41st annual Golf Classic was held Sept. 23, 2024, at Maplewood Golf Course in Maplewood, N.J. [PHOTO CAPTION: (L-R) Former PIANJ Director Jocelyn Rineer, CIC, CLP, CIIP; PIANJ Director and Golf Co-Chair Casey Yarger, CIC, CRM; PIANJ Immediate Past President Connie Mahoney; PIANJ Director and Golf Co-Chair Walter Conroy; PIANJ President Andrew Harris, CIC, AAI, CISR; SONJ Athlete Tom Azilides; PIANJ Vice President Aaron Levine, CIC. Photo credit: Special Olympics New Jersey]
N.J.: The right to disconnect from work?
The New Jersey state Legislature returned from summer break earlier this month, and legislators have wasted no time introducing legislation that could impact workers across the state. Introduced in the New Jersey Assembly on Sept. 23, 2024, A-4852, would...