A few months ago, an accident occurred right outside of the PIA Northeast office. A car traveling northbound on I-87 appeared to lose control and hit the guardrail. It careened across the southbound lane and stopped in the shoulder. The car suffered heavy damages and...
Triple-I: “Above-average” 2023 Atlantic hurricane season matched forecasts from Colorado State. AM Best’s outlook on U.S. personal-lines segment remains “negative” from 2022. Remind your clients to watch out for disaster-related frauds and scams this winter. PIA Northeast congratulates Connecticut and Vermont insurance commissioners who were elected by NAIC. New York Gov. Kathy Hochul requests a major disaster declaration for September flooding. 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.
In today’s rapidly changing world, traditional insurance products may fall short when it comes to effectively managing and mitigating risk. However, to fill those voids a new type of insurance product has emerged—parametric insurance. Parametric insurance covers the...
Electric bicycles—or e-bikes—have become popular as an eco-friendly, efficient, and cost-effective mode of transportation. While these bicycles offer myriad benefits, they carry certain risks—which riders can mitigate. Electric bikes are powered by batteries,...
Whether you’re a business owner or manager, employee well-being and safety should be at the top of your priority list. You might have safety strategies and health practices in place designed to keep your employees happy and healthy, but you could be overlooking...
Mainsail Insurance Co., is a newly formed carrier, which is wholly owned by Spinnaker Insurance Co. The parent company is Hippo Holdings Inc., which acquired Spinnaker Insurance Co., on Aug. 31, 2020. The Florida Office of Insurance Regulation has approved Mainsail...
A new rule proposal from the Department of Labor receives pushback from PIA. New Jersey announces the adoption of the Advanced Clean Cars II rule to support zero-emission vehicles. New York Gov. Kathy Hochul signed legislation to protect consumers during storms and other emergencies. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities and upcoming events you may have missed in this issue of the Weekly Dispatch.
Growing up in Southern California with doomsday-prepper parents I was prepared for the “Big One.” My family members slept with shoes next to the bed, and always had rations to hold us—along with the rest of the neighborhood—through a catastrophic event. At the start...
PIANY Director of Government & Industry Affairs Bradford J. Lachut, Esq., along with other industry representatives, testified this morning on extreme weather and the resiliency of the property/casualty insurance marketplace. The hearing was jointly hosted...
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -3.9% to become effective Monday, Jan. 1, 2024, applicable to new and renewal policies. The NJCRIB distributed Circular...