With the rate of recent rapid technological changes, it’s no surprise that businesses must adapt to new trends constantly. This is mainly true for independent agents who are experiencing pressure to keep up with digital transformation. Since customers are increasingly...
PIA’s Market Trends Survey shows that the hard market is likely causing a shift to E&S placement. Triple I releases 2023 report for the property/casualty industry. When it comes to special marketing, do you know all the rules to avoid trouble? ICYMI: N.Y.: DFS releases final cyber regulations, PIA offers guidance. And, register for the NJYIP Holiday Social. 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.
While you might not be familiar with the “Kia Boys” or “Hyundai Boys,” their notorious criminal activities have likely reached your attention. Since early 2021, viral videos on TikTok and YouTube have provided step-by-step instructions on stealing specific Kia and...
The findings of this year’s PIA Market Trends Survey have indicated that the insurance industry is in a hard market cycle. Now, let’s look at how the professional insurance agents who took the survey responded regarding changes in insurer and underwriting behavior,...
As we move closer to the end of November, I am inspired to think about being grateful. I am grateful for family and friends, for my comfortable home, and the delicious food we create—and for gifts made to me by virtue of birth or happenstance. Looking beyond my...
PIA-backed bills on FIO repeal and reform highlighted in House hearing. PIA Market Trend Survey finds that premium rates are rising, and other factors indicative of a hard market. Do your clients know the difference between insurance and warranties? And, in New York, DFS releases final cyber regulations, PIA offers guidance. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities and in this issue of the Weekly Dispatch.
I like rules. When I open a board game, I immediately read the instructions. I’m sure my affinity for the rules lead to my decision to become an attorney. In a conversation with a guidance counselor, I may have said: “You mean my job would be to argue about what the...
New York Attorney General Letitia James unveiled two historic settlements valued at a combined $328 million with ride-sharing conglomerates Lyft and Uber on Nov. 1, 2023. These settlements mark the conclusion of extensive investigations into both companies, revealing...
Upon buying a new piece of technology—new phone, new TV, new game console—often the salesperson will ask you if you would like to purchase an extended warranty with it. Warranties and insurance may seem similar on the surface, but in fact they have more than a few...
The New York State Department of Financial Services released its official second amendment to the cyber security regulation (23 NYCRR 500) on Nov. 1, 2023. The amendment makes multi-factor authentication mandatory for all covered entities, increases the thresholds for...