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PIACT testifies on bill that would ease E&S requirements

PIACT testifies on bill that would ease E&S requirements

PIACT members and staff testified before the Connecticut General Assembly’s Insurance and Real Estate Committee in strong support of H.B.6981 on Feb. 27, 2025. This legislation would remove the due-diligence requirement for placing risks in the nonadmitted insurance market when done through an unaffiliated surplus-lines broker. PIACT was represented by Treasurer Kathleen Bailey, CPIA, ACSR, CLCS; past President James Berliner, CPCU; Member Raymond Chase, CLCS; and PIACT Director of Government & Industry Affairs Bradford J. Lachut, Esq. (pictured above.)

Weekly Dispatch: Feb. 27, 2025

Weekly Dispatch: Feb. 27, 2025

AM Best reports that casualty reinsurance capacity is plentiful—but future availability is uncertain. Last chance to register at a discount for PIACT’s Annual Convention. Gov. Phil Murphy delivers 2026 budget for New Jersey. New York introduces new bills—that would address the E&S marketplace and the state’s Workers’ Compensation Law—with PIANY backing. 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.

AI meets business: The power of tech = growth

AI meets business: The power of tech = growth

Across the region, businesses harness artificial intelligence and the Internet of Things to transform operations, drive smarter decisions and spark extraordinary growth. This movement infuses every corner of business with energy, creativity and the promise of a...

Weekly Dispatch: Feb. 20, 2025

Weekly Dispatch: Feb. 20, 2025

PIACT to track several bills that focus on auto and home insurance, and policyholder protections and consumer rights. The NHID issues bulletins as reminders of the department’s stance on department inquires and aerial imagery in underwriting, respectively. New Jersey bill could lower auto rates, increase transparency. Newly introduced bills in New York state would address predatory litigation financing; fire insurance for e-bike batteries; real-time auto insurance verification at the DMV; and HR policies and procedures. 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.