PIANY held its quarterly Regional Advisory Council meetings, which included a special Spring Into Advocacy event, May 18-28. The Spring Into Advocacy meetings were town-hall style, and they allowed independent agents to hear from their local legislators, and ask them...
Assemblywoman Stacey Pheffer Amato, D-23, represents Broad Channel, Hamilton Beach, Howard Beach, Lindenwood, Ozone Park and the Rockaway Peninsula in Queens. Audrey I. Pheffer—Pheffer Amato’s mother—held the same Assembly seat for 25 years. After Pheffer Amato’s...
The insurance industry is comprised of cycles. Hard-market cycles happen to course correct when rates are inadequate, when there are recessions and economic turnarounds, or when unforeseen events occur, such as the COVID-19 pandemic. However, even though the hardening...
Hurricane Irene and Hurricane Sandy made Northeast landfall in 2011 and 2012, respectively. Collectively, they caused over $83 billion in damages, and caused more than 300 deaths. And, this year, meteorologists and hurricane researchers are predicting an above average...
PIANY has alerted the New York State Department of Financial Services that policyholders are receiving fraudulent notices of new auto insurance policies. The WC Second Injury Fund assessment remains stable in Connecticut. And, the Insurance Services Office Inc. announces its 2022 HO Program, which is proposed to be effective March 1, 2022. Plus, you can read more state-specific industry-related news, compliance notices, advocacy updates and technical resources, education and event highlights in this issue of the Weekly Dispatch.
Gov. Phil Murphy signed Executive Order No. 243 to expand efforts to reopen the state by further reducing mask requirements. Effective Friday, June 4, workplaces not open to the public will no longer need to require employees wear face masks or adhere to social...
PIANY priority legislation to address and curtail the issue of bait and switch in the auto insurance market has been reported out of the New York state Assembly Insurance Committee (23-0). The legislation, A.1809, would prohibit insurance carriers from rerating...
Legislation to streamline the process of placing commercial policies in the excess-lines market has passed the New York state Senate (63-0) on May 24. The bill (S.498A) would simplify the excess-lines affidavit that producing brokers must complete as part of the...
Sen. Matt Lesser, D-9, is the deputy majority leader in the Connecticut state Senate. He represents the 9th district, which includes the communities of Cromwell, Middletown, Newington, Rocky Hill and Wethersfield. Sen. Lesser is the chair of the Insurance and Real...
While I was looking at appliances in Home Depot this week, an announcement throughout the store warned shoppers that any house built before the 1970s still may have lead-based paint on the walls and posing a risk to residents. This risk extends to many houses across...