When you think of a positive company culture, it’s unlikely that business technologies are the first things that spring to mind. However, the reality is that the integration of business tech can go a long way in improving your organizational culture. Let’s look at how...
The New York State Department of Financial Services released the official proposed second amendment to the cyber security regulation (23 NYCRR 500) for public comment late last year. This follows an unofficial draft of the amendments that circulated this past August....
What agents need to know as the market hardens. The Federal Trade Commission proposes ban on noncompete agreements. New Jersey’s new law requires gun owners to have liability insurance. And, Vermont requests federal damage assessment for storm damage. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities, and information you may have missed in this issue of the Weekly Dispatch.
When we think of a skilled individual, we often drum up the image of a web developer, a mechanical engineer, a brain surgeon, or even an arborist. While the examples above depict hard skills, it’s the other side of the coin that cohesive work environments need to...
Hard market refers to a high demand for insurance and a decreased desire to insure. A soft market marks the opposite, when the demand for insurance coverage and competition in the market is minimal. The COVID-19 pandemic caused global economic hardship. The U.S. is...
Legislation that will require owners of handguns who carry in public to purchase liability insurance has been signed into the law. As previously reported, the Legislature worked quickly to pass this new law, P.L. 2022, C.131. Originally, the legislation was introduced...
PIA examines the 118th Congress. Andrew N. Mais reappointed commissioner of the Connecticut Insurance Department and president-elect of the National Association of Insurance Commissioners. Supreme Court of New Jersey’s ruling may affect duty-to-notify regarding workers’ compensation for LLCs. And, New York governor signs law to simplify placing business in the excess-lines market; vetoes changes to workers’ compensation laws—thank you to the PIANY members who helped make it happen. Plus, you can read about state-specific industry news, compliance issues, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
Gov. Kathy Hochul this week signed S.8127 into law. It simplifies the process for placing business in the excess-lines marketplace. The new law, sponsored by Sen. Neil Breslin, D-44, and Assemblymember Pamela Hunter, D-128, reduces excessive reporting requirements....
Gov. Kathy Hochul vetoed a potentially disruptive change to New York’s workers’ compensation laws. The bill would have changed the definition of temporary total disability in a way that would have increased workers’ compensation premium costs for businesses across the...
The Supreme Court of New Jersey issued an opinion last month that directly impacts the way insurance producers must handle workers’ compensation for limited liability companies. The court held in the case of Holm v. Purdy that insurance producers have an ongoing duty...