On the outset, the insurance industry might seem like a complicated field to a new hire. Maybe they never considered that the insurance industry would be where they’d find themselves; maybe they don’t know how the industry works; maybe they don’t realize how rewarding...
Following confusion over insurance claims after major, hurricane-strength storms, PIANY has made the standardization of windstorm deductible triggers a legislative priority to clarify the definition of windstorm. How a windstorm is defined can make a substantial...
This past legislative session, New York legislators aimed to change underwriting decisions by restricting insurance companies from refusing to issue or renew policies solely based on the breed of the dog. The legislation, A.4075/S.4254, also would prohibit insurers...
The definition of independent contractor could be narrowed—and PIA disapproves. The Federal Emergency Management Agency’s Risk Rating 2.0 was discussed at the second hearing for the National Flood Insurance Program. And, PIANY has published a video about how to comply with the NY HERO Act. Plus, you can read about state-specific industry-related news, advocacy updates, technical resources and upcoming events in this issue of the Weekly Dispatch.
The modern insurance industry has been around for hundreds of years. Insurance advertising has been around for almost as long. Despite that, navigating the do’s and don’ts of insurance advertising is a constant source of confusion for agencies. And, that is most true...
The ISO 2022 HO Program was examined for enhancements to coverage in the HO policy forms last month in ISO 2022 HO Program—Part I. This article will examine the restrictions introduced in the HO policy forms, a new policy form, and new enhancement and restrictive...
New legislation (S.7052) that would require complete disclosure of a defendant’s insurance documents in a personal-injury court case passed the state Senate and state Assembly on the last day of New York’s 2021 legislative session. What the bill would require If it is...
When Gov. Andrew M. Cuomo signed the New York Health and Essential Rights Act—also known as the NY HERO Act—in May, he promised that there would be chapter amendments to ease the regulatory burden for many businesses. Earlier this week, Cuomo signed those chapter...
The Biden administration has given the Federal Insurance Office more responsibilities, against PIA’s advocacy for the FIO’s repeal. PIANJ-priority step-down legislation has been introduced in the state Assembly. And, recreational, adult-use cannabis has been legalized in Connecticut. Plus, you can read more about state-specific industry news, legislative updates, technical resources, educational opportunities and event highlights in this issue of the Weekly Dispatch.
The New York state legislative session concluded last week. It was a session that started like no other and ended like virtually every other session previously. The COVID-19 pandemic was ever-present during this legislation session—it impacted not only what business...