PIACT’s annual Connecticut Convention returned to Foxwoods Resort Casino, Mashantucket this year. The event, which was held at the end of March, featured hundreds of agents, company representatives, exhibitors, and more industry professionals from across the state....
4.8 magnitude earthquake rocks Northeast—are your clients calling you with questions about coverage options? The 2024 hurricane season is predicted to be “very active.” PIACT met with legislators and Connecticut Insurance Department representatives at its Legislative Reception. New York announced that $412 million in bonds and subsides for the renovation and construction of 1,100 homes. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
PIACT held its annual Legislative Reception on March 19, 2024, in the lobby of the Connecticut Legislative Office Building. The event presented a unique opportunity for insurance agents to share their experiences, insights and visions for the future of Connecticut’s insurance industry with members of the state legislature and the Connecticut Insurance Department. PICTURED: (L-R) PIACT Director of Government & Industry Affairs Bradford J. Lachut, Esq.; PIACT National Director Jonathan T. Black, LUTCF, CPIA, CLTC, NAMSA, NSSA; Representative Kerry Wood, D-29, co-chair of the Insurance and Real Estate Committee; and PIACT Government & Industry Affairs Specialist Theophilus Alexander.
In the ever-evolving landscape of the business world, the significance of safeguarding operations against unforeseen disruptions cannot be overstated. Business interruption insurance emerges as a pivotal safeguard designed to protect businesses from the financial...
Rarely is the role of the insurance agent or broker ever more important to a client than when that client has experienced a claim. Guiding clients through the claims process is a critical component of the agent’s or broker’s job. It involves not just a deep...
On Friday, many Northeasterners felt the effects of a 4.8 magnitude earthquake, which rocked our world with shaking buildings from Philadelphia to New Jersey to New York City to Connecticut to Westchester, N.Y. The earthquake was centered near Whitehouse Station,...
The Environmental Protection Agency has announced new tail-pipe emission standards for heavy-duty vehicles. PIACT has elected new officers for 2024-25. The governors of New Jersey and New York have announced they have the capability to take on maritime cargo in light of the Francis Scott Key bridge collapse. And, in New York, a PIA-priority anti-arson bill passed the state Assembly. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
On the early morning of March 26, 2024, the container ship MV Dali hit the Francis Scott Key Bridge in Baltimore, Md. The bridge collapsed within the span of a minute, sending the bridge, cars, machinery, cargo, and even people in the chilly depths of the Patapsco...
This article in the cyber series is for those individuals who may lack a significant physical or financial presence in New York state. Just because a person lacks a physical or financial presence in the state though, does not mean that the New York cyber security...
News J.D. Power: Homeowners insurance property claims satisfaction hit seven-year low According to the J.D. Power 2024 U.S. Property Claims Satisfaction Study, released on March 19, 2024, the increase of severe storms has led to a larger number of high-severity claims...