Federal rule to make communities more resilient to flood have been finalized. PIACT put significant advocacy efforts into a bill on child care liability insurance. New York requests a Federal Emergency Declaration to support recovery operations after severe storms on July 15 and 16. Vermont requests a secretarial disaster designation from the USDA for July floods. 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: July 18, 2024
Triple-I/Milliman releases a forecasting report indicating the property/casualty industry will achieve profitability in 2025. In New Hampshire, a presidential declaration releases aid in four counties. New York’s Department of Financial Services adopts new guidance combatting discrimination in artificial intelligence. Vermont flooded by rain from the remnants of Tropical Storm Beryl: state suspends some regulations to aid in recovery, requests federal assessment of damages. 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.
Weekly Dispatch: July 11, 2024
News Last chance to take PIA’s 2024 Market Trends Survey! PIA Northeast members are reaching out to the association about all sorts of things they are seeing in the industry as we navigate this hard-market cycle. PIA Northeast would like input from agents and brokers...
Weekly Dispatch: June 27, 2024
PIA Northeast wants to hear your thoughts on the state of the market. A new Triple-I report indicates that personal auto profitability is moving in a positive trend. New York Gov. Kathy Hochul signs the SAFE Act, restricting children’s use of social media. Connecticut hosts a special legislative session. Vermont issues a new DMV bulletin. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades and education opportunities in this issue of the Weekly Dispatch.
Weekly Dispatch: June 20, 2024
Marsh: Ransomware continues to be a challenge for cyber insurance claims. Read all about the out-of-this-world 2024 PIANJ | PIANY Conference at the Hard Rock Hotel Casino. Vermont Gov. Phil Scott vetoed a data-privacy bill because it would make the state “hostile to businesses.” 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: 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
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
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
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
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.