For years, PIANY has campaigned for changes in the way the New York State Insurance Fund conducts business. Currently, NYSIF is the largest writer of workers’ compensation insurance policies in the state by a comfortable margin. In fact, it is one of the top 10...
[EDITOR’S NOTE: This article originally appeared in the September 2022 issue of PIA Magazine. As we prepare for the 2023 hurricane season—which Colorado State University’s Department of Atmospheric Science has been predicted to be ‘slightly below-average’—it stands as...
Premiums on the rise—what you can do to educate your clients about it. It’s a good time to alert your clients about the penalties of driving without insurance—a state-by-state breakdown. New Jersey is recognized by Finch Rating and Moody’s for its fiscal strength. And, ELANY releases a summary report of why policies were suspended in 2022. Plus, you can read about state-specific industry news, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
Almost every day, mental health is in the news. Increasingly employers are understanding that they must be part of the solution to improve mental health for millions of Americans. In my decades of experience in the insurance industry and the behavioral health field, I...
Recently, claims management has had a hard and unmissable shove into the future. With the growing emphasis on digital transformation and the rise of InsurTechs, it’s nearly impossible to manage claims—or even exist—in the property/casualty insurance industry without...
Two different studies find that: 1. the property/casualty insurance sector was hit hard in 2022; and 2. while the industry is facing challenges, it remains resilient. In New Jersey, electronic proof of vehicle registration now has been implemented. Reminder: If you do business in New York state, you have until April 15 to comply with the state’s cyber security compliance filings. 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.
The City of Buffalo announced last week that it has filed a lawsuit against the car manufacturers, Kia America Inc., and Hyundai Motor America, over defects in both manufactures’ vehicles that led to an increase in auto thefts. The Buffalo Police Department reported a...
I’m not sure if you noticed, but prices went up in 2022. After decades of low inflation, the dams burst last year—and the United States experienced the highest inflation since the Carter Administration. In order to combat this historic inflation, the U.S. Federal...
Global warming and inflation are having an affect on the insurance industry. Report: Cryptocurrency-based crime reached unparalleled heights in 2021. PIACT elected new officers, directors at its Annual Convention last week. This election year, all 120 legislative seats in New Jersey are on the ballot—see how the races are shaping up in your district. And, PIANY’s priority “bait-and-switch” and photo inspection bills pass state Assembly. Plus, you can read about state-specific industry news, advocacy updates, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
With the onset of the COVID-19 pandemic in 2019, the world had to grapple with both a public health and economic catastrophe. Therefore, it doesn’t seem coincidental that through the surge in remote employment, unemployment rates rising, and the reliance on technology...