On June 24, 2021, Champlain Towers South in Surfside, Fla., partially collapsed in the middle of the night, claiming 98 lives and injuring several more. The cause of the tragedy still is uncertain, but according to Miami New Times, the structural integrity of the...
Typically, August is a sleepy month in the Northeast. Many people are taking vacations or time off, hitting the golf course, and—generally—taking advantage of the weather as summer winds down. Seemingly, this year is no different, especially since the roll-out of...
Insurance for trucking risks can be extremely confusing to insurance agents unless they are prepared and knowledgeable about the coverage. In addition to general knowledge about the risk, insurance professionals must know the underwriting guidelines and...
In May, an application for an overall loss cost decrease of 6.4% was submitted to the New York State Department of Financial Services by the New York Compensation Insurance Rating Board. The DFS approved the application as requested with an effective date of Friday,...
Bills to repeal the Federal Insurance Office and to allow continued coverage with the National Flood Insurance Program have been introduced in the U.S. House of Representatives. The Federal Emergency Management Agency has delayed the Risk Rating 2.0 rating engine. And, employers in New York are required to adopt an airborne infectious disease prevention plan by today. Plus, you can read about state-specific industry news, advocacy updates, technical resources and upcoming events in this issue of the Weekly Dispatch.
Powell Christopher J. Powell, partner at Hardenbergh Insurance Group in Marlton, became New Jersey PIAPAC’s new chair on July 1, 2021. He has a long history of political involvement in New Jersey, which makes him perfect to lead the political arm of PIANJ. Recently, I...
When policyholders are facing nonrenewal or cancellation of their policies, it’s important that you—the agent—follow the rules when notifying them of the nonrenewal or cancellation. But, depending on the state in which you do business, the rules may differ. New York...
PIA Northeast’s Virtual Conference 2021 is available on-demand. PIA submitted testimony to Congress in favor of a public-private partnership for pandemics. And, property/casualty insurers’ net income increases and combined ratio decreases. Plus, you can read about state-specific industry news, advocacy updates, technical resources, and past and upcoming events in this issue of the Weekly Dispatch.
Recently, PIANY received an update from the New York State Insurance Fund, which details modifications to the Safety Group Enhanced Discount and Preferred Risk Business Discount; the addition of a new endorsement for employees telecommuting from a location outside of...
PIA has partnered with TAG Resources to bring your agency a new member benefit. Mishell K. Magnusson, CIC, CISR, CPIA, AAI, FIPC, will explain how ethics can affect your independent insurance agency. And, Gov. Ned Lamont has signed legislation that will strengthen cybersecurity in Connecticut. Plus, you can read about state-specific industry news, advocacy updates and upcoming events in this issue of the Weekly Dispatch.