The U.S. District Court, District of New Jersey held in the case of Harford Mutual Insurance Co. v. Z&D Realty LLC that insurance companies do not have an obligation to investigate whether insurance applicants were truthful on the applications and that...
Reinsurance refers to the system in which an insurer moves all or some of a risk to another insurer to give protection in case of risks on the first insurance. In the last few years, reinsurance firms have proven themselves as essential in steering the direction of...
Are you a business owner or a startup looking to separate yourself from the competition? There are many ways to go about this, but it starts with branding. This article will dive into branding best practices, including identifying your target market, maintaining...
The Vermont Department of Financial Regulation approved the revised workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 6.7% decrease. In addition, a decrease of 6.9% of the overall assigned...
Clients buying condos?—Help them understand the complex insurance implications of their purchases. The insurance industry is seeing more economic momentum in U.S. auto, home, and business insurance than the entire U.S. economy. PIANY has compiled a Q&A to help your clients get on board with making auto photo inspections optional. Get ready to comply with N.J.’s new minimum limits laws. 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.
According to the Insurance Information Institute, the insurance industry is seeing more economic momentum in U.S. auto, home, and business insurance than the entire U.S. economy. Mortgages and other personal loans will cost less, allowing for economic development in...
As we enter the 2023-24 legislative session, PIANY has released its legislative priority list. At the top of that list is reforms to the state’s photo inspection system. But, what is the inspection system and what is PIANY doing about it? What is the photo inspection...
Comprehensive knowledge of what is taxable and nontaxable benefits is incredibly important for business owners, as well as heads of human resource departments. Employees are attracted to worthwhile benefits bundled in with their earned income and this only aids in a...
The condo is the most misunderstood policy in personal lines insurance, and you may ask why. Let’s examine the evolution and nuances of condo insurance. The original definition of a condo was just the air inside the unit. Now, it can mean anything and everything. Many...
Climate change and La Niña conditions are effecting weather conditions dramatically, resulting in more natural disasters than normal. Natural disasters are the leading cause of high losses and protections against these possible calamities are more necessary than ever. Workplace leaders need to harness their soft skills to delegate, anticipate behavioral conflicts between workers, communicate effectively, and grow themselves and their co-workers. And, Gov. Ned Lamont announces the start of adult-use cannabis sales at Connecticut’s first group of licensed retailers. 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.