When the commercial insurance market tightens, agents and brokers often become the frontline to answer client questions about nonrenewals, midterm cancellations and rate hikes. Fortunately, New York Insurance Law Section 3426 offers a detailed playbook on how...
In New York state, personal-lines insurance policies come with a tightly regulated framework under Insurance Law Section 3425, setting specific rules for when and how policies can be canceled or nonrenewed. As an agent or broker, understanding these nuances isn’t just...
In a strong step toward tort reform, New Jersey lawmakers have introduced legislation that would bring much-needed transparency and accountability to the fast-growing world of third-party litigation funding. For insurance producers and policyholders alike, this bill...
A.5811, a bill recently introduced to the New York state Assembly, would shine a light on how insurers handle liability coverage under the state’s infamous “Scaffold Law” (Labor Law Section 240). This law holds property owners and contractors absolutely liable for...
S.B.1386 has officially been voted out of committee—marking a step forward in Connecticut’s efforts to address breed-based discrimination in homeowners and renters insurance. Importantly, the version of the bill that advanced includes all the technical corrections...
On Feb. 11, 2025, the Department of Banking and Insurance issued Bulletin No. 25-03 to clarify how artificial intelligence may be used in insurance operations within the state. The message is clear: while innovation is welcome, consumer protection remains paramount....
As part of the Federal Emergency Management Agency’s ongoing efforts to enhance and streamline the systems that support flood insurance processing, National Flood Insurance Program Direct is migrating to a new system, with the go-live date set for Monday, April 7,...
A recent report from a Long Island news outlet highlighted an all-too-familiar pain point for consumers and insurance professionals alike: the surge in auto insurance premiums. While inflation, vehicle costs and repair expenses are contributing factors, one...
With competition at an all-time high, many agencies face the dual challenge of attracting new hires and keeping their current employees engaged and productive. Let’s review some strategic insights and actionable tactics to help you navigate the talent crunch—ensuring...
Another year, another successful PIA Connecticut Convention—were you there? The National Transportation Safety Board recommends vulnerability assessment for numerous bridges in wake of Francis Scott Key Bridge collapse. If you were not able to attend last month’s New Jersey Deep Dive, you can find its recording and complementary article in this week’s Dispatch. New York state’s supplemental spousal liability reverts to opt-in. Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
