Imagine yourself steering through the tumultuous waves of today’s insurance market. As an insurance producer, you’re not just managing risks; you’re navigating a sea of change characterized by escalating prices, tightening underwriting standards and reduced...
In a recent legislative update, the New Hampshire Senate passed S.B.423, a bill that would introduce changes to improve transparency in the insurance industry—particularly in cases involving motor vehicle accidents. Sponsored by Sen. Sharon M. Carson, R-14, and...
In the last legislative session, PIANY had some tremendous legislative successes: it’s important to look back at our victories as an association, as it reminds us of what we can achieve as a unified group of independent agents. Priority photo-inspection bill signed...
It’s National Hurricane Preparedness Week: Are you and your clients ready for the upcoming hurricane season? A timeline and cost estimate for the Francis Scott Key Bridge rebuilding efforts has been released. New Hampshire’s recently introduced wrongful death bill would have potential effects on insurance industry. New York state’s new laws address organized retail crime. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
As S.B.462 is set to be considered by the House for a vote this Thursday, it’s important for association members to recognize its potential impact on our industry. The bill, which emerged from the House Judiciary Committee with a 11-9 recommendation to pass without...
It is National Hurricane Preparedness Week (May 5-11, 2024) and with the 2024 Atlantic hurricane season set to be “very active,” now is the time to make sure you and your insureds are prepared for the next few months. Also, be sure to keep in mind what PIA...
In the fiercely competitive world of insurance—where every customer represents a hard-won victory—the cost of acquiring new clients looms significantly higher than retaining existing ones. Shockingly, research reveals that in any industry it can be up to five times...
New rules from the Department of Labor and Federal Trade Commission set to rock the labor landscape of the United States. Do your insureds understand the risks posed by hurricanes? PIA has resources that can help. Recent cyberattack in New Hampshire reminds all to be vigilant about cybersecurity. New Jersey receives funds to implement solar projects. PIA Northeast receives an update about Kemper withdrawing from New York’s market. Plus, you can read about state-specific industry news, compliance issues, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
The U.S. Department of Labor issued a final rule last month that would expand overtime protections under the Fair Labor Standards Act for millions of workers across the country. Are you up to date with the latest changes to the FLSA regarding overtime pay? If not, now...
On April 23, 2024, the U.S. Department of Labor took significant steps to redefine the landscape of retirement investment advice through the release of the Retirement Security Rule. This regulation redefines who qualifies as an investment advice fiduciary under the...