News

Weekly Dispatch: Oct. 19, 2023

by Matt McDonough | Oct 19, 2023 | Weekly Dispatch

October is Cybersecurity Awareness Month: Be sure to educate clients about how to stay safe online. President Biden announced $2 billion for nationwide climate resilience. PIA members from Connecticut and New Jersey met with the CID and DOBI, respectively. Also, what to know about New York state’s windstorm definition in insurance policies. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.

Rising pedestrian fatalities and auto insurance

by Matt McDonough | Oct 17, 2023 | Consumer-focused

Traffic fatalities have been on the rise in recent years. According to the Early Estimate of Motor Vehicle Traffic Fatalities in 2022 from the National Highway Traffic Safety Administration, traffic fatalities in the United States have increased from 32,479 in 2011,...

PIACT representatives meet with CID

by Theophilus Alexander | Oct 17, 2023 | Advocacy

On Oct. 11, 2023, representatives of PIACT were invited by the Connecticut Insurance Department to participate in a virtual roundtable to discuss the health of Connecticut’s property/casualty marketplace, and to advocate for independent insurance producers across the...

N.Y.: Updates to Workers’ Compensation Law

by Danielle Caswell, Esq. | Oct 16, 2023 | General News

There have been recent changes to New York state’s workers’ compensation law that is important to for employers to note—starting in 2024. In September 2023, Gov. Kathy Hochul signed S.1161-A/A.2034-A into law, which will increase the minimum benefits for workers’...

What to know about New York’s windstorm policies

by Matt McDonough | Oct 16, 2023 | General News

Like most things, insurance policies should be straightforward to understand. If you were to educate yourself about policies or ask your independent agent to clarify something, it shouldn’t lead to you agonizing over the details. In the case of homeowner’s insurance...

PIANJ representatives meet with DOBI

by Theophilus Alexander | Oct 16, 2023 | Advocacy

Representatives of your association traveled to the halls of the Department of Banking and Insurance in Trenton on Oct. 4, 2023, to discuss PIANJ’s legislative and regulatory priorities, as well as advocate for independent insurance producers across the Garden State....

Cybersecurity in the insurance industry

by Jill Brooks | Oct 13, 2023 | General News

As the insurance sector continues to embrace technological advancements, it finds itself at the crossroads of leveraging digital solutions and confronting associated cyberthreats. Insurance agencies and companies hold vast amounts of sensitive information, from...

N.J.: Property valuations

by Roger C. Butler, CIC | Oct 12, 2023 | General News

If you are like most of us, you are finding that property valuations are going crazy—what may be valued as $1.9 million home with an ISO carrier may be valued as a $1.4 million home based on an MSO carrier’s estimator. And, to add to that, who knows what the...

Weekly Dispatch: Oct. 12, 2023

by Jaye Czupryna | Oct 12, 2023 | Weekly Dispatch

This Halloween: Encourage your clients to review their insurance coverage. User security and you: Staying safe on X, formerly Twitter. Connecticut Insurance Department implements new diligent-effort documentation requirements. And, don’t forget to make connections at PIANY’s Capital RAP—register now and save 15%. Plus, you can read about state-specific industry news, compliance issues, technical resources, education opportunities, and upcoming events in this issue of the Weekly Dispatch.

This Halloween, don’t get scared: get coverage!

by Matt McDonough | Oct 10, 2023 | Consumer-focused, Featured

Halloween is almost here, and with it, everything that makes the holiday so special. There’s the chilly fall air, and it seems as though there’s the grinning jack-o-lanterns posted at every door. Elaborate decorations and haunted houses are a fixture of Hallows’ Eve,...

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