As part of the 2025-26 New York legislative session, S.5235 was introduced in the state Senate. If passed, the bill would mandate a comprehensive study to evaluate the adequacy of current minimum coverage amounts for noncommercial auto insurance. While this is not the...
Those individuals who hold a New York state insurance license (covered entities), including nonresident licensees, have until Tuesday, April 15, 2025, to certify their compliance with the requirements of New York state’s cyber security regulation (23 NYCRR 500) for...
In the ever-changing world of home insurance, one question pops up time and time again: “How much coverage do I really need for my home?” It’s a great question—and an important one. That’s why the New Hampshire Insurance Department recently released a bulletin aimed...
The push to modernize New York state’s continuing-education requirements for insurance professionals just took a major leap forward. On April 7, the state Assembly unanimously approved A.6652-A—a bill that would allow insurance producers to carry forward up to seven...
Food delivery services like Uber Eats and Door Dash have made a business of providing consumers with an easy way to get food from their favorite restaurants right to their home. No longer does a restaurant have to provide delivery services—these services will provide...
Recently, there has been confusion surrounding supplemental spousal liability coverage in auto policies in New York state. It has gone from an opt-in option, to automatic coverage, and back again to an opt-in option—unless a spouse is indicated on the application....
The push to modernize New York state’s continuing-education requirements for insurance professionals just took a major leap forward. The state Assembly Insurance Committee has unanimously approved A.6652-A on April 2, 2025,—a bill that would allow insurance producers...
The NFIP Direct program undergoes a system migration—it is expected to go back online April 7. Dog breed bill with PIACT suggestions moves out of committee. New Jersey’s DOBI issues bulletin on AI usage in underwriting. Insurance producers who do business in New York state must make their cybersecurity filings by April 15. 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.
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...
