On Oct. 29, 2024, PIANJ hosted a dynamic panel discussion, The Perfect E&O Storm: Tips for the Hard Market, which brought together seasoned experts to share insights on managing errors-and-omissions risk in today’s challenging market. Part of PIANJ’s Deep Dive...
The holidays are fast approaching, and with millions of Americans expected to travel in the upcoming months, we are once again reminded that many of our nation’s airports are quite insufficient and lag behind competitors. Airports serve as critical hubs for trade and...
Amid growing concerns about the financial health and stability of the insurance marketplace, the personal-lines sector has experienced significant disruption, driven by carrier withdrawals and a rise in insolvencies. These developments are further constricting an...
Happy Halloween! Be sure to read the seasonal consumer content PIA Northeast News & Media released this month. Triple I reports that underwriting profitability for commercial auto insurance is declining. The Connecticut Insurance Department created a new council to tackle climate threats and resilience. New Jersey has several new bills that would impact residents and businesses. The deadline to comply with the most recent New York cyber security regulations is this week. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
The latest legislative moves in New Jersey include new bills that would boost outdoor dining, would make driving schools more flexible, and would protect property owners. Additionally, in the past few weeks, New Jersey has rolled out a lineup of bills that would...
The once-great country of the United States of America: A FanDuel™ Subsidiary,[1] and the world at-large are no more. City streets that once teemed with Starbucks-bound workers, dog walkers, and perpetual street construction have been replaced. A mishmash of punks,...
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -6.9% to become effective Wednesday, Jan. 1, 2025, applicable to new and renewal policies. The NJCRIB distributed Circular...
The Halloween season is well underway. It’s a time for spine-chilling tales and eerie encounters with the supernatural. When I am looking to scratch my supernatural itch, I don’t reach for Frankenstein or Dracula—I reach for my good old copy of the Appellate Division...
Preliminary loss estimates indicate Hurricane Milton could cost private insureds $17-$50 billion. Connecticut government officials hold joint conference with financial service executives on disaster relief for late August flooding. PIANY sent letter to New York Gov. Kathy Hochul to encourage her to sign the PIA-priority windstorm definition bill. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
In today’s challenging insurance landscape, managing errors-and-omissions risk is crucial. The hard market has brought with it unprecedented operational challenges—from staffing shortages, to shifting carrier appetites—and insurance agents must adapt quickly to avoid...
