The New York State Department of Financial Services published a revised proposed second amendment to 23 NYCRR 500—colloquially referred to as New York’s cyber security regulation. The publication of the revised second amendment comes over six months after the...
Volume in the merger and acquisition sector has declined 48% in comparison to Q1 of 2022, and it has declined 27% from Q4 of 2022 according to insights from Dealogic. For many independent agents, M&A is an integral part of their growth strategy, offering a...
What does the next generation of insurance talent want from the industry? This is the question independent agents are considering as they look to optimize recruitment and retention strategies and future proof their agencies. The best answers come from those in the...
Connecting with your customers is one of the most crucial aspects of running a successful insurance agency. Your customers keep you in business, so it’s essential to keep them happy—and connecting with them in a personal, human way is one of the best ways to...
As major insurers continue to implement initiatives designed to build the workplace of the future, independent agents are taking note and considering how inclusivity will impact both the future of the industry, as well as their business. However, some agency owners...
The top legislative priority for PIACT—during the 2023 legislative session—was the passage of legislation that would make small, but critical changes to the process for placing insurance policies in the nonadmitted marketplace. That legislation, H.B.6621, was signed...
Talking to your clients about how their policy can protect their business as wildfires become more common across the U.S. The NFIP Reauthorization and Reform Act of 2023 has been introduced in the U.S. Senate. New report: U.S. insurers were hit hardest by inflation. PIACT top legislative priority—nonadmitted market process—passes state Legislature. And, Connecticut, New Jersey and New York approve funds to improve water and sewer infrastructure, and may reduce flooding. Plus, you can read about state-specific industry news, advocacy updates, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
Glassboro, N.J.—Leon Zimmerman, PIA of New Jersey’s former long-time legislative lobbyist, was the featured speaker June 20, 2023, at a special Rowan University Commemoration of the historic USA-Soviet Summit Conference he covered 56 years ago as a journalist. The...
For decades, wildfires have been synonymous with California, as the Golden State has experienced some of the most devastating wildfires in our nation’s history. However, in recent years, wildfires have extended past California and now threaten other regions within the...
Globally, mergers and acquisitions have slowed dramatically as many independent agents question the benefits of M&A as a growth strategy in 2023. Activity is down by a staggering 45% from Q1 of 2022 to Q1 of 2023—and a whopping 60% from Q1 of 2021 to Q1 of 2023...