News

Weekly Dispatch: Jan. 16, 2025

by Matt McDonough | Jan 16, 2025 | Weekly Dispatch

The Los Angeles fires have caused billions of dollars of insurance losses so far. PIWA, NESLA announce merger and expands outreach throughout Northeast. More winter weather updates for the Northeast. Gov. Kelly Ayotte inaugurated in New Hampshire. Learn more about PIA’s priorities for the 2024-25 New Jersey legislative session. New York implements it’s first in the nation PPL policy; PIANY pushes for outdated anti-arson regulations to be repealed. 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.

Sen. Jamaal T. Bailey: Chairing the New York State Senate Insurance Committee

by Bradford J. Lachut, Esq. | Jan 16, 2025 | Advocacy, Featured

Sen. Jamaal T. Bailey has been named chair of the New York State Senate Insurance Committee, a role that will position him to shape legislation affecting the state’s insurance industry. Representing New York’s 36th state Senate District since 2016, Bailey’s...

N.Y.: Anti-arson applications: Outdated, burdensome and harmful to consumers

by Bradford J. Lachut, Esq. | Jan 15, 2025 | Advocacy

For decades, New York’s Section 3403 of the Insurance Law has required property owners to complete an annual anti-arson application as a condition for obtaining property insurance coverage for fire or explosion damages. While this mandate was created in the late 1970s...

Legislative priorities: Advancing fairness, consumer protection in New Jersey

by Bradford J. Lachut, Esq. | Jan 13, 2025 | Advocacy, Featured

The PIANJ has set an ambitious legislative agenda for the 2024-25 session, championing reforms that promote fairness, transparency and consumer protection. By advocating for key legislative changes, PIANJ continues its mission of supporting insurance professionals,...

N.Y.: First-in-the-nation PPL policy takes effect

by Danielle Caswell, Esq. | Jan 10, 2025 | Featured, General News

On Jan. 1, 2025, New York became the first state in the country to offer paid time off for prenatal care or any medical care related to pregnancy. In her efforts to make New York one of the most worker friendly states in the nation, Gov. Kathy Hochul stayed true to...

A company-wide approach to cyber security preparedness and risk management

by Katie Brenneman | Jan 10, 2025 | Agency Management, Consumer-focused, Featured

We’re long past the days when cybersecurity was just an IT issue. Now, it’s a company-wide imperative that requires everyone to be hypervigilant and proactive. With cyberattacks becoming more frequent and sophisticated, organizations must adopt a holistic approach to...

Weekly Dispatch: Jan. 9, 2025

by Matt McDonough | Jan 9, 2025 | Weekly Dispatch

Polar vortex sweeps over United States, Northeast: are you and your insureds prepared? FEMA announces new grants for climate resilience. New Jersey and New York release funds for infrastructure projects. Learn more about New York’s 2025 legislative agenda. 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.

PIANY’s 2025 legislative priorities: Advocating for change in New York’s insurance landscape

by Bradford J. Lachut, Esq. | Jan 8, 2025 | Advocacy, Featured

As we kick off 2025, PIANY has unveiled its legislative priorities for the year. These initiatives aim to modernize New York state’s insurance regulations, reduce administrative burdens, and promote fairness and transparency. Let’s take a closer look at the key areas...

Infrastructure series: Transportation spending and its impact on insurance

by Bradford J. Lachut, Esq. | Jan 8, 2025 | Featured, General News

The passage of the Infrastructure Investment and Jobs Act in 2021 represents one of the most significant investments in U.S. infrastructure in decades. Allocating $1.2 trillion over 10 years, the act emphasizes modernizing transportation systems, repairing aging...

New York’s 2025 Paid Family Leave rates

by Shirley Albright, CPIA, CISR | Jan 3, 2025 | Featured, Technical

The New York State Department of Financial Services has announced new Paid Family Leave premium rates for 2025. On Wednesday, Jan. 1, 2025, the maximum PFL contribution rate changed from 0.373% to 0.388% of an employee’s gross annualized wages. This translates to a...

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