Weekly Dispatch: June 13, 2024

Weekly Dispatch: June 13, 2024

FEMA may run out of money before the end of this year’s hurricane season. The Institute for Legal Reform has issued a new report on the rising trend of nuclear verdicts. Connecticut is releasing funds to bolster economic development in historically underserved communities. Multiple new insurance bills have passed the New York Legislature, including the PIANY top-priority windstorm bill. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, and upcoming events in this issue of the Weekly Dispatch.

Weekly Dispatch: June 6, 2024

Weekly Dispatch: June 6, 2024

New report shows that there is some downward pressure on the property-catastrophe reinsurance market. Safest drivers ranked by state: four PIA Northeast states are in top five. Connecticut announces vote on funding to curb neighborhood flooding in Portland. PIANJ elects its officers for the 2024-25 administrative year. The PIANJ | PIANY Annual Conference was held from June 2-4 and had over 1,600 attendees: thank you for making it such a success! Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.

Weekly Dispatch: May 30, 2024

Weekly Dispatch: May 30, 2024

NOAA has forecasted an above-average Atlantic hurricane season. A new DOL rule is facing pushback from business groups. The Connecticut Superior Court, Hartford judicial district, placed PHL Variable Insurance Co. and subsidiaries into rehabilitation. Commercial auto liability minimums to increase in New Jersey on July 1. In New York, the DFS issued a new circular letter on property/casualty carriers offering loss mitigation tools. Mandatory flood risk disclosure bill passes the Vermont Senate. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities, upcoming events, and information you may have missed in this issue of the Weekly Dispatch.

Weekly Dispatch: May 23, 2024

Weekly Dispatch: May 23, 2024

A draft of the Farm Bill has been released, which includes a piece of PIA-priority legislation. New Jersey is the first to announce a series of climate resilience reforms that feature a comprehensive update of land resource protection regulations. New York state introduces a series of new bills into the Senate and Assembly. Vermont’s Department of Financial Regulation will participate in a climate data call. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.

Weekly Dispatch: May 16, 2024

Weekly Dispatch: May 16, 2024

PIA’s annual Market Trends Survey is now live: take it today! Connecticut has signed a new law to prohibit medical debt being reported to credit agencies. In New Hampshire, the Senate passed S.B.423, a bill that would ensure all parties involved in an auto accident the pertinent legal information. PIANY President Gary Slavin, CIC, LUTCF, CLTC, issued a statement about recent legislative victories in the state. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.

Weekly Dispatch: May 9, 2024

Weekly Dispatch: May 9, 2024

It’s National Hurricane Preparedness Week: Are you and your clients ready for the upcoming hurricane season? A timeline and cost estimate for the Francis Scott Key Bridge rebuilding efforts has been released. New Hampshire’s recently introduced wrongful death bill would have potential effects on insurance industry. New York state’s new laws address organized retail crime. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.

Weekly Dispatch: May 2, 2024

Weekly Dispatch: May 2, 2024

New rules from the Department of Labor and Federal Trade Commission set to rock the labor landscape of the United States. Do your insureds understand the risks posed by hurricanes? PIA has resources that can help. Recent cyberattack in New Hampshire reminds all to be vigilant about cybersecurity. New Jersey receives funds to implement solar projects. PIA Northeast receives an update about Kemper withdrawing from New York’s market. Plus, you can read about state-specific industry news, compliance issues, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.

Weekly Dispatch: June 13, 2024

Weekly Dispatch: April 25, 2024

Triple-I Report: the economic drivers of the U.S. property/casualty industry are shown to be growing faster than the gross domestic product. If you have insureds who plan on traveling to Canada, do they know how rental car insurance works there? Connecticut Insurance Department releases new bulletin on aerial imagery and underwriting. Aid is available for two New Hampshire counties from January flooding. New York state has passed its finalized budget—what it means for TED items. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.

Weekly Dispatch: June 6, 2024

Weekly Dispatch: April 18, 2024

Triple I: Dog injury claims have risen in 2023 from 2022, with payouts totaling $1.12 billion. Can AI assist with the talent shortage issues facing the claims industry? PIACT held its Connecticut Convention, seeing the election of new PIACT and CTYIP officers and board members, and the presentation of the Awards of Distinction. New Jersey’s digital equity plan has been accepted by the federal government. PIANY priority excess-line reform bill heads to Senate floor. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.

Weekly Dispatch: May 30, 2024

Weekly Dispatch: April 11, 2024

4.8 magnitude earthquake rocks Northeast—are your clients calling you with questions about coverage options? The 2024 hurricane season is predicted to be “very active.” PIACT met with legislators and Connecticut Insurance Department representatives at its Legislative Reception. New York announced that $412 million in bonds and subsides for the renovation and construction of 1,100 homes. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, upcoming events and information you may have missed in this issue of the Weekly Dispatch.