Government faces possible partial shutdown as Friday deadline nears; NFIP could lapse. The New Jersey Boardwalk Preservation Fund releases $100 million for 18 municipalities to develop and preserve their boardwalks. New York announces $6 million for cyber risk and resiliency for local governments statewide. 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.
Learn about agency commission cuts as we move through a hard market: why can carriers make cuts and what are your rights as an agent? A New Jersey court rules against a casino in a business interruption claim over COVID-19. A bill that would direct the New York Department of Financial Services to study the need for a private flood-insurance market passes the state Senate. Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.
The NU Property & Casualty Magazine is seeking to survey PIA members about industry challenges. PIACT hosts a Q&A session with CID Commissioner Andrew Mais, who speaks about the most pressing issues facing the industry. New Hampshire is reminding producers that they must complete their flood insurance education. Chapter amendments have been made to New York’s bait-and-switch law. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Triple-I has presented its quarterly report showing that commercial lines are outperforming personal lines. Learn the best way professional insurance agents can manage AI risks. We look back at the 2022-23 New Jersey legislative session, where PIANJ made major strides. New York state Sen. Neil Breslin, who serves on the chair of the Senate Insurance Committee, has announced that he will not seek reelection. Plus, you can read about state-specific industry news, issues, advocacy updates, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.
ICYMI: FEMA’s new rules on NPNs for the NFIP have been in effect since Jan. 1: Are you in compliance with them? The Appellate Court of Illinois makes a ruling on a carrier’s duty to defend, which may affect similar decisions in other states. New Hampshire’s insurance leaders assume key assignments in the NAIC. PIA remembers PIANJ past President and PIA National past President Andrew Harris Sr., who passed away on Jan. 22. Plus, you can read about state-specific industry news, issues, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
Congress averts a partial shutdown, and it extends NFIP funding until March 8, 2024. New Jersey passed a trio of insurance-related bills (fire suppression systems, commercial minimum limits, workers’ compensation for volunteers) into law. New York’s state of the state address includes several objectives that would affect the insurance industry—amendments to the Vehicle and Traffic Law, remedies to affordable housing discrimination and changes to supplemental spousal liability for auto insurance policyholders. Vermont to launch its state family leave program this February. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Northeast experiences another winter storm, bringing freezing cold, icy conditions and more snow. What is a Nuclear Verdict, and how do you protect you and your clients from them as an agent? Connecticut receives an emergency declaration for New London County due to flooding on Jan. 10 and winter storms. There’s two more weeks until PIANY’s MetroRAP, so grab your tickets now. Vermont’s governor marks Jan. 28 as digital privacy day. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
Do your clients understand the importance of ensuring their engagement rings? The NFIP is set to expire on Feb. 2, and FEMA announces reinsurance program for 2024 flood risks. Spotlight series highlights the tenure of CID Commissioner Andrew Mais. New Jersey has updated its home improvement laws. And, PIA helps you navigate New York state’s cyber security regulation changes. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Happy new year from PIA Northeast! In a contract, can an ‘emoji’ be considered binding? PIA’s priority New York ‘bait-and-switch’ bill was signed into law by Gov. Kathy Hochul. The New Hampshire Insurance Department and New England College announce the second year for a course on the industry. New Jersey is providing new resources to help buyers and renters protect themselves from climate-related flooding. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities, upcoming events in this issue of the Weekly Dispatch.
PIA Northeast wishes you happy holidays. AI was identified as a financial systems risk by the Financial Stability Oversight Council. A FEMA policy change for the NFIP will go in effect Jan. 1, 2024. Major flooding and storms hit the Northeast. New fire safety legislation passes New Jersey state Senate, companion bill needs to be introduced in the state Assembly. PIANY’s MetroRAP is open for registration. 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.