Recently, claims management has had a hard and unmissable shove into the future. With the growing emphasis on digital transformation and the rise of InsurTechs, it’s nearly impossible to manage claims—or even exist—in the property/casualty insurance industry without...
The City of Buffalo announced last week that it has filed a lawsuit against the car manufacturers, Kia America Inc., and Hyundai Motor America, over defects in both manufactures’ vehicles that led to an increase in auto thefts. The Buffalo Police Department reported a...
With the onset of the COVID-19 pandemic in 2019, the world had to grapple with both a public health and economic catastrophe. Therefore, it doesn’t seem coincidental that through the surge in remote employment, unemployment rates rising, and the reliance on technology...
Gov. Phil Murphy signed S-3595/A-5177 of 2022 into law on March 9, 2023. This law makes procedural amendments to update New Jersey’s primary election laws by adjusting the timeline of several of the state’s primary election deadlines. More specifically, the...
New Jersey’s pay-to-play law (P.L. 2005, c. 271 Section 3), requires insurance agencies to file electronic annual disclosure statements by Thursday, March 30, 2023. Insurance agencies that have received $50,000 or more in the aggregate during the 2022 calendar...
According to data collected by the U.S. Department of Transportation and the U.S. Census Bureau, and analyzed by MoneyGeek, road conditions and the money spent on overall maintenance varies tremendously from state to state. What this seems to mean is that regardless...
Those individuals who hold a New York state insurance license (covered entities), including nonresident licensees, have until Saturday, April 15, 2023, to certify their compliance with the requirements of New York state’s cyber security regulation (23 NYCRR 500) for...
New York State Insurance Law Section 5904 requires producers placing New York state business with risk retention groups not chartered in the state to report this business by March 15, 2023. To comply with New York State Insurance Law Section 5904(c), if a business has...
Once a rite of passage to freedom and independence, obtaining a driver’s license at age 16 was considered a general milestone. However, data compiled by the Federal Highway Department is indicating that Gen Zers are not feeling the same way about obtaining a driver’s...
Small businesses—which can include PIA members—are tempting targets for cyber crooks. They are just as vulnerable to data breaches as big companies, but they have fewer defenses. Members who have walked clients through the cyber claim process or who have been hacked...