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.

A report from AM Best indicates that the U.S. p/c industry posted a $32 billion loss. Have your clients ever asked you what happens if they get into a car accident with property damage?—PIA can help you answer that question. PIA continues to object to FIO Climate Data Call. The NHID addresses p/c insurance for nonprofits with juvenile behavioral services. And, New York to see minimum wage increase on Jan. 1, 2024. Legislation introduced for e-bike, e-scooter insurance in New Jersey. 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.

Triple-I: “Above-average” 2023 Atlantic hurricane season matched forecasts from Colorado State. AM Best’s outlook on U.S. personal-lines segment remains “negative” from 2022. Remind your clients to watch out for disaster-related frauds and scams this winter. PIA Northeast congratulates Connecticut and Vermont insurance commissioners who were elected by NAIC. New York Gov. Kathy Hochul requests a major disaster declaration for September flooding. 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.

A new rule proposal from the Department of Labor receives pushback from PIA. New Jersey announces the adoption of the Advanced Clean Cars II rule to support zero-emission vehicles. New York Gov. Kathy Hochul signed legislation to protect consumers during storms and other emergencies. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities and upcoming events you may have missed in this issue of the Weekly Dispatch.

Happy Thanksgiving! PIA Northeast is honored by Utica National at conference for policy retention. New York Gov. Kathy Hochul signs top-priority photo inspection bill into law. New Jersey announces guidelines on generative artificial intelligence for state employees. Are you and your insureds ready for the incoming winter weather? Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.

PIA’s Market Trends Survey shows that the hard market is likely causing a shift to E&S placement. Triple I releases 2023 report for the property/casualty industry. When it comes to special marketing, do you know all the rules to avoid trouble? ICYMI: N.Y.: DFS releases final cyber regulations, PIA offers guidance. And, register for the NJYIP Holiday Social. 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.

PIA-backed bills on FIO repeal and reform highlighted in House hearing. PIA Market Trend Survey finds that premium rates are rising, and other factors indicative of a hard market. Do your clients know the difference between insurance and warranties? And, in New York, DFS releases final cyber regulations, PIA offers guidance. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities and in this issue of the Weekly Dispatch.

The Insurance Information Institute released a study showing the impact of inflation on auto liability insurance. President Biden issues an Executive order on artificial intelligence. The National Council on Compensation insurance released third quarter report for Connecticut, New Hampshire and Vermont. N.H. Director of the Consumer Services Keith Nyhan promoted to deputy insurance commissioner. Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities, upcoming events in this issue of the Weekly Dispatch.

Lloyd’s publishes report showing scenario that could cost global economy $3.5 trillion. Let your clients know that pet insurance could be an option as the veterinary industry faces staffing shortages. PIACT asked the CID about the recent changes to the state’s surplus-lines laws. Newly signed laws support small businesses in New Jersey. 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.

October is Cybersecurity Awareness Month: Be sure to educate clients about how to stay safe online. President Biden announced $2 billion for nationwide climate resilience. PIA members from Connecticut and New Jersey met with the CID and DOBI, respectively. Also, what to know about New York state’s windstorm definition in insurance policies. 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.