Another day, another PIANY legislative priority has been introduced. Assemblyman David Weprin, D-24, the new chair of the Assembly Insurance Committee, introduced A.4668, which would restrict the harmful “bait and switch” practice in personal auto insurance, on Feb....
Small businesses—which can include PIA members—are tempting targets for cyber crooks. They are just as vulnerable to data breaches as big companies, but they have fewer defenses. Members who have walked clients through the cyber claim process or who have been hacked...
Video marketing is more popular than ever, and it shows no signs of slowing down. While the types of videos your agency posts might change, it’s clear that consumers connect with this type of content. However, when you’re building a video marketing campaign, it’s...
Hardbit ransomware attempts to ransom payments through victim’s cyber insurance policies. U.S. House subcommittee holds hearing on federal data privacy bill. Plymouth Rock announces policy rate increases in New Jersey. And, see how New York state’s photo inspection bill in the state budget differs from the vetoed bill. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
We have all seen on the news the of the intense hurricanes hitting Florida, the big Texas freeze in February of 2021 and most recently “island towns” forming in California due to runoff from the large amount of rain. The claims resulting from catastrophes are known as...
Hardbit ransomware emerged in October of 2022 and by November, version 2.0 already had evolved. What’s important to know about Hardbit ransomware is that it attempts to broker ransom payments through its victim’s cyber insurance policies. What is the threat? According...
William Shakespeare once wrote “What’s in a name? That which we call a rose by any other name would smell as sweet …”. I can only assume that when Shakespeare wrote those words in the 1590s that he was thinking about the future, and specifically about a measure...
Climate change is affecting the insurance industry—to make precise and informed decisions in preparation for potential risks, insurance agents and their clients need to rely on any data that is available. New report: If inflation keeps up, carriers may run the risk of insolvency; agents need to take note and track profit warnings for the insurance companies for which they do business. And, the New Hampshire Insurance Department reminds carriers that there is no personal lines blacklisted vehicles. Plus, you can read about state-specific industry news, technical resources, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
Given the various daily disturbances to American communities by climate change, it would be highly beneficial for those individuals who are looking to build houses and other structures to use compiled, local climate-risk data to determine the best place to build. It’s...
According to a new report published by Insurance Information Institute, American auto and homeowners insurance policies were unable to match the current inflation rates. As a result, Triple-I’s report warns that if losses and expenses keep up at this rate, insurers...