This Halloween: Encourage your clients to review their insurance coverage. User security and you: Staying safe on X, formerly Twitter. Connecticut Insurance Department implements new diligent-effort documentation requirements. And, don’t forget to make connections at PIANY’s Capital RAP—register now and save 15%. 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.
The National Flood Insurance Program extended to Nov. 17. President Biden announces executive action on artificial intelligence, plus New Hampshire releases code of ethics for use of AI. The CID issues bulletin on carriers’ responsibilities when they discontinue, reduce line of business. And, ‘Move over’ law expanded in New York state. 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.
Possible by week’s end: National Flood Insurance Program lapse, federal government shutdown. Utica National presented with Company Award of Excellence—get your E&O through Utica National and PIA. NHID announces confirmation of Bettencourt as insurance commissioner. And, PIANY asks members to contact governor to sign photo inspection and bait-and-switch bills. 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.
Bill to remove FIO’s subpoena power introduced in Congress. Help your agency stay competitive, consider modern employee benefits. Connecticut’s minimum wage to increase in January. PIANJ discusses the new law that requires business owners and rental owners to maintain certain liability insurance policies. Statewide pay transparency law now in effect in New York state. 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.
New report: Industry faces average annual natural catastrophe losses of $133 billion. FEMA designates first communities to receive targeted assistance for hazards resilience. Connecticut and Vermont receive disaster declarations. ISO’s bases of premium revised in New Hampshire. New insurance commissioner nominated for the New Jersey Department of Banking and Insurance. And, PIANY elects officers, directors at its annual business meeting. Plus, you can read about state-specific industry news, compliance issues, technical resources, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
The National Association of Insurance Commissioners has adopted the Regulatory Guide to Understanding the Market for Cannabis Insurance: 2023 Update white paper. Recent hurricane activity reminds us of the importance of vigilance and preparation. Gov. Chris Sununu submits disaster declaration request. Supplement spousal liability in New York state—new law prompts a history of how this insurance coverage has evolved. Plus, you can read about state-specific industry news, compliance issues, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
Supporting and leading employees through the hard market is critical for agency leaders. Have your clients, who are planning beach vacations, been asking you about insurance options should they experience a shark attack? NHID approved a rate proposal filed by the NCCI that will reduce voluntary loss costs by 14% on average. And, New Jersey’s new law affects how insurance agencies can charge credit card surcharge fees, PIA offers a Q&A on how this law affects you. 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.
Survey finds that 66% of workers would leave if required to work in the office full time. FEMA offers guidance on the Elevation Certificate & Floodproofing Certificate. NHID reminds insurers that notice is required when terminating insurance producers for cause. ‘Dwelling units’ would be required to have renters insurance if bill becomes law in New Jersey. And, the recent crane collapse in New York City has triggered insurance claims across several insurance lines—but which ones? Plus, you can read about state-specific industry news, advocacy updates, technical resources, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
New report: Half of breached organizations unwilling to increase security spending despite soaring breach costs. No easy fix on the horizon for M&A and talent challenges. New law in New Hampshire introduces comprehensive pet insurance regulations for consumers. And, revised workers’ compensation loss costs take effect in New York state on Oct. 1, 2023. Plus, you can read about state-specific industry news, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
Extreme weather continues to affect where insurers write business. PIA calls for agents to support Cannabis Safe Harbor, and Main Street Tax Certainty Act bills. Connecticut issues warning about potential identify theft incident. New Jersey submits request for FEMA major disaster declaration. And, Vermont issues warning about flood-related insurance scams, and adds two counties to disaster declaration. Plus, you can read about state-specific industry news, advocacy updates, education opportunities and information you may have missed in this issue of the Weekly Dispatch.