The Appellate Division Third Judicial Department of the New York Supreme Court ruled last week that amendments to Regulation 187—which created a suitability and best-interest standard for the sale of life insurance—were unconstitutionally vague. This is a...
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Weekly Dispatch: April 29, 2021
Help a charity in Connecticut, New Jersey or New York receive a grant through the IICF. Learn about the differences between employment practices liability, employment benefits liability and employers liability. Plus, read about state-specific industry-related news and advocacy updates in this issue of the Weekly Dispatch.
PIANY-priority auto photo-inspection bill reported out of insurance committee
PIANY-priority bill, A.6877, was reported out of the state Assembly Insurance Committee today. If it is signed into law, the bill—sponsored by Assemblyman Kenneth Zebrowski, D-96—would allow carriers to waive the photo inspection of private-passenger automobiles...
The cannabis Carnac
Picture this: Mysterious music plays. A curtain pulls back. A shadowy man wearing a cloak emerges on stage. In his hand, he holds a hermetically sealed envelope. He states to the audience that he is a famous mystic, and he will psychically divine the answer to the...
Employment practices liability, employment benefits liability & employers liability—Do you know the difference?
It’s crucial for agents to understand the differences between employment practices liability, employment benefits liability, and employers liability. Agents need to know about these three arenas to protect their insureds, and potentially themselves, too. Employment...
PIANY Regional Advisory Councils Spring into Advocacy
Members of the he PIANY Regional Advisory Councils are meeting with their state Assembly members and senators as part of the Regional Advisory Councils’ Spring Into Advocacy event, May 18-28, 2021. State legislators from each region are invited to virtual meetings...
Weekly Dispatch: April 22, 2021
PIA Northeast’s Virtual Conference 2021 is around the corner—trust us, you don’t want to miss it. PIA has asked the U.S. DOL to revise its definition of independent contractors, and the PIA-priority Cannabis Safe Harbor has passed the U.S. House. Plus, read about state-specific industry-related news, advocacy updates and technical developments in this issue of the Weekly Dispatch.
Auto policy limits, rebate and residency bills advance in N.H. Legislature
The deadline for the New Hampshire Legislature to act on bills introduced this session was April 9, 2021—and some of the bills were left behind in limbo. This means they can be amended onto another bill later this year, or they can be re-introduced in the 2022...
Weekly Dispatch: April 15, 2021
Hurricane season begins June 1—you should prepare your agency and clients now. Do you sell or are you planning to sell life insurance? The COVID-19 pandemic has boosted interest in life insurance—and a recent study has shown that there are many misconceptions that consumers have about buying it. Plus, read about state-specific, business-related news, advocacy updates and technical developments in this issue of the Weekly Dispatch.
Did the owners of the RMS Titanic commit insurance fraud?
We know what really happened on this day in history: the R.M.S. Titanic—thought to be unsinkable—struck an iceberg on the night of April 14, 1912, and sank to the bottom of the Atlantic Ocean on April 15, 1912—109 years ago. But, have you heard the insurance-fraud...