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.
Weekly Dispatch: Sept. 7, 2023
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.
Weekly Dispatch: Aug. 31, 2023
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.
Weekly Dispatch: Aug. 17, 2023
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.
Weekly Dispatch: Aug. 10, 2023
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.
Weekly Dispatch: Aug. 3, 2023
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.
Weekly Dispatch: July 27, 2023
PIA Northeast needs your input to gauge how current market conditions are affecting professional insurance agents. Take a moment to participate in PIA’s 2023 Market Trends Survey. Usage-based insurance market still struggling to find its footing. Major disaster declarations declared in Connecticut, Vermont and New York. And, evidence of worker exploitation stops work at 110 job sites in New Jersey. Plus, you can read more state-specific industry news, technical resources, accolades, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: July 13, 2023
An ‘above-average’ Atlantic hurricane session now is predicted—PIA has resources to help you prepare. PIACT legislative success—changes coming to the nonadmitted market process this October. In New Jersey, Caride to depart DOBI, Zimmerman named acting commissioner. PIANY leadership meets with industry and legislative leaders, lays the groundwork for the 2024 legislative session. And, an emergency declaration has been issued for Vermont after all the flooding. 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.
Weekly Dispatch: June 29, 2023
Talking to your clients about how their policy can protect their business as wildfires become more common across the U.S. The NFIP Reauthorization and Reform Act of 2023 has been introduced in the U.S. Senate. New report: U.S. insurers were hit hardest by inflation. PIACT top legislative priority—nonadmitted market process—passes state Legislature. And, Connecticut, New Jersey and New York approve funds to improve water and sewer infrastructure, and may reduce flooding. Plus, you can read about state-specific industry news, advocacy updates, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
Weekly Dispatch: June 22, 2023
PIANJ efforts to advocate for insurance producers and their CE requirements pay off, the demand for cyberinsurance skyrockets, this Lightning Safety Awareness week make sure your clients are covered, and New York state lawmakers pass the Grieving Families Act … again. Plus, you can read about state-specific industry news, advocacy updates, education opportunities, and upcoming events in this issue of the Weekly Dispatch.