In a significant legal development, Suffolk County state Supreme Court Judge Alison Napolitano temporarily halted a law that would limit the outside income of New York state lawmakers. This decision, which was rendered on July 17, 2024, marks a notable victory for...
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.
The 2024 legislative session in Connecticut was a tumultuous one for insurance-related matters. The Connecticut legislative calendar alternates between a long-session year and a short-session year. The 2024 session was a short session—characterized by two significant...
Staged construction accidents have become a growing concern in New York, significantly affecting the property/casualty insurance sector. This fraudulent activity undermines the integrity of the construction industry and leads to substantial financial repercussions for...
Recently, the Department of Banking and Insurance released Bulletin No. 24-10, requiring all insurers authorized or admitted to sell property/casualty insurance in New Jersey to participate in a comprehensive survey on low-income housing discrimination. Facing...
In May, the New York Compensation Insurance Rating Board submitted an application for an overall loss cost decrease of 9% to the New York Department of Financial Services. The DFS approved the application as filed with an effective date of Tuesday, Oct. 1, 2024. There...
In today’s digital age, businesses are increasingly reliant on technology to operate efficiently. However, this dependence on digital systems also opens new avenues for risk, particularly in the form of cyberthreats. Look no further than the recent news of a global...
In recent years, insurance companies have increasingly turned to satellite imagery to evaluate the conditions of properties—particularly roofs—for underwriting purposes. This technological resource allows insurers to assess large numbers of properties from the air...
Summer is the perfect time for outdoor home improvement projects, and one of the most critical components of your home is the roof. It provides essential protection against the elements and contributes to the structural integrity of your property. When it’s time to...
Artificial intelligence and automation have made headline news in recent years. The meteoric rise of generative AI for content creation has some folks worried about the proliferation of fake news, while others have hailed the inception of large language models as the...