NFIP set to expire tomorrow—call to action; FIO to investigate the insurance sector and climate-related financial risks. Agents who do business in Connecticut and New York must complete sexual harassment prevention training by the end of the month. And, PIANY advocates to make auto photo inspections optional. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, education opportunities and upcoming events in this issue of the Weekly Dispatch.
In today’s business environment—especially during the pandemic—businesses needed to find a way to stay afloat. This means that accounts, both big and small, have had to find a way to expand their reach both domestically and internationally. Small- to medium-sized...
The best time to prepare yourself and educate your clients about claims and how their policies will respond is before the claim happens. Commercial-lines insurance policies are nuanced, and they can leave even the most experienced insurance professionals scratching...
Since they are only 17 or 18 years old when they graduate high school, many young adults struggle with their decision of a career path. Fortunately, I felt confident from an early age that a path in the insurance industry would be the one I would take. It may come as...
Holiday parties are a great way to boost morale and show appreciation to employees. Nevertheless, there are a few general considerations that employers should be aware of, notwithstanding the current pandemic environment, when considering how to throw their office...
When we hear the term risk management, typically we think of enterprise businesses or large commercial businesses that have teams of risk managers—and which are way more sophisticated than small- to mid-sized businesses. The Oxford Dictionary’s definition of risk...
The Northeast could see warmer temperatures and more snow this winter. Be on the lookout for exclusions in commercial policies. And, the reconciliation spending bill could forgive NFIP debt. 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.
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -5.3% to go into effect Jan. 1, 2022. The revision is applicable to new and renewal policies. The NJCRIB distributed Circular...
Over the years, I have found that our preferred carriers don’t always offer the coverage we need for our insureds. As a result, we shop for coverage in the excess market for general liability, professional liability, and cyber liability coverages to name a few. While...
When independent agents take a closer look at workers’ compensation insurance, disability insurance and health insurance, they need to be able to identify which types of coverage come from each type of insurance. This is important because then, agents can prepare...