News

Weekly Dispatch: Nov. 2, 2023

by Matt McDonough | Nov 2, 2023 | Weekly Dispatch

The Insurance Information Institute released a study showing the impact of inflation on auto liability insurance. President Biden issues an Executive order on artificial intelligence. The National Council on Compensation insurance released third quarter report for Connecticut, New Hampshire and Vermont. N.H. Director of the Consumer Services Keith Nyhan promoted to deputy insurance commissioner. Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities, upcoming events in this issue of the Weekly Dispatch.

PIA Market Trends Survey: Rising premium rates, other factors indicative of a hard market

by Matt McDonough | Nov 1, 2023 | Association, Featured, General News

Professional insurance agents may be aware that the insurance industry is amid a hard market. This means you also may have noticed that your insureds’ premiums have risen, and insurance coverage is more restricted, among other changes. PIA Northeast conducted a survey...

Health insurance, new diabetic drugs and the future of weight loss

by Matt McDonough | Oct 27, 2023 | Consumer-focused

In the U.S., weight-loss drugs have received renewed attention thanks to recent medical advancements. Frequently, Ozempic, Wegovy and Mounjaro are included in this conversation—even though not all of them are marketed as weight-loss drugs. For example, Ozempic notes...

Smash, grab and go: Insurance implications on surging retail theft

by Theophilus Alexander | Oct 26, 2023 | Featured, General News

As the rise in retail theft continues to plague businesses nationwide, the impact on the retail landscape is clear. The COVID-19 pandemic has created a unique set of circumstances that have contributed to the surge in retail thefts—affecting both large and small...

Weekly Dispatch: Oct. 26, 2023

by Matt McDonough | Oct 26, 2023 | Weekly Dispatch

Lloyd’s publishes report showing scenario that could cost global economy $3.5 trillion. Let your clients know that pet insurance could be an option as the veterinary industry faces staffing shortages. PIACT asked the CID about the recent changes to the state’s surplus-lines laws. Newly signed laws support small businesses in New Jersey. Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.

N.Y.: What is it like to obtain a photo inspection?

by Theophilus Alexander | Oct 25, 2023 | Advocacy, General News

I received a deadline of Sept. 29 to finish and submit this article—it was assigned to me on Sept. 15. Having a 14-day window to draft an article for PIA Northeast News & Media is more than enough time. Coincidently, those 14 days also signify the time frame my...

Are you selling umbrellas with holes in ’em?: If your clients get wet, you could too!

by Aaron Levine | Oct 24, 2023 | General News

We (independent agents) are raised to sell umbrella liability insurance policies, but why? We are told to sell umbrellas because people can get sued for an auto accident or a slip-and-fall, and other outrageous scenarios. Basically, when you make a mistake and cause...

Veterinary medicine trends affect pet’s care

by Matt McDonough | Oct 23, 2023 | Consumer-focused, General News

The COVID-19 pandemic left a major mark on the American workforce that can be seen in every industry. The U.S. Chamber of Commerce provided a brief overview of these trends in a September 2023 report. The report characterizes this phenomenon of industries seeing high...

PIANJ Golf Classic, PIANJ Women’s Leadership Alliance raises $93,000 for SONJ

by Jaye Czupryna | Oct 20, 2023 | Association

PIANJ held its 40th Annual Golf Classic Oct. 2, 2023, to benefit Special Olympics New Jersey, at TPC Jasna Polana, in Princeton, N.J. The PIANJ Golf Classic—in partnership with the PIANJ Women’s Leadership Alliance—was proud to present Special Olympics New Jersey with...

The power of technology = efficiencies

by Bobbie Fernandez | Oct 20, 2023 | Agency Management

When you consider all the ways you can make your agency more efficient, the technological aspects can be overwhelming. This can be anything from considering a new agency management system to determining if you want to work with a company that provides back-office...

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