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: 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.
Weekly Dispatch: April 4, 2024
The Environmental Protection Agency has announced new tail-pipe emission standards for heavy-duty vehicles. PIACT has elected new officers for 2024-25. The governors of New Jersey and New York have announced they have the capability to take on maritime cargo in light of the Francis Scott Key bridge collapse. And, in New York, a PIA-priority anti-arson bill passed the state Assembly. 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: March 28, 2024
News J.D. Power: Homeowners insurance property claims satisfaction hit seven-year low According to the J.D. Power 2024 U.S. Property Claims Satisfaction Study, released on March 19, 2024, the increase of severe storms has led to a larger number of high-severity claims...
Weekly Dispatch: March 21, 2024
The platform Sniffspot seems like a dream come true for suburban and urban dog owners, but how do users protect their property? Over $400,000 in grants have been released in Connecticut to support programs improving financial wellness for residents, with a priority on women and girls. New Jersey’s flood risk disclosure bill went into effect Wednesday. The PIA priority New York windstorm bill has passed the state Assembly. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
Weekly Dispatch: March 14, 2024
FEMA bolsters reinsurance by moving $575 million in flood risk to capital markets. New Hampshire Gov. Chris Sununu signs a new bill that will protect consumer data. New York City-based members of the New York state Legislature propose new e-bike legislation. Vermont has received a disaster declaration for December flooding. 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: March 7, 2024
The Corporate Transparency Act has been in effect for two months: what do PIA members need to know? New Hampshire has been granted a major disaster declaration request for three counties. In New Jersey, pay-to-play laws have been changed: are you up-to-date with the new rules? New York is tapping into a federal initiative to help minority- and women-owned businesses. 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: Feb. 29, 2024
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.
Weekly Dispatch: Feb. 22, 2024
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.
Weekly Dispatch: Feb. 15, 2024
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.