The Connecticut Insurance Department approved the proposed workers’ compensation loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 3% decrease. Also approved is an overall assigned risk rate change of 0%. These loss...
The U.S. DOL proposes a new classification of independent contractors. New Hampshire payroll taxes will be cut 30% for businesses as a response to the state’s strong unemployment trust fund. Introduced N.J. bill would require liability insurance for handguns. And, “best interest” amendments for Regulation 187 declared constitutional—end of the road for the lawsuit. 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.
Currently, the U.S. Department of Labor is accepting comments on a proposed regulation to determine whether an independent contractor is an independent contractor for purposes of the Fair Labor Standards Act. It’s the latest step in the DOL’s efforts to roll back the...
Legislation was introduced in the New Jersey Legislature this month that would require certain gunowners to carry liability insurance. The bill (A-4769/S-3214) would require any person in the state who carries a handgun in public to maintain liability insurance...
The New York State Court of Appeals ruled last week that amendments to Regulation 187, which created a suitability and best interest standard for the sale of life insurance and annuity products, were constitutional. This decision ends a legal battle that started in...
Owning a small business has never been easy. However, in today’s highly competitive and increasingly crowded global marketplace the challenges are more formidable than perhaps ever before. That means that if you want your agency not just to survive but to thrive, then...
Insurance Information Institute issues report on how inflation and other factors are taking a toll on the auto insurance industry. PIA opposes a bill that would require many businesses to collect and report ownership information and suspicious transactions. CID exempts private passenger auto carriers from Statistical Data Monitoring System requirements. And, the DOBI reminds carriers that they are required to send notices of proposed rating filings above 7%, and PIA encourages carriers to provide notice to their independent agents in advance. Plus, you can read about state-specific industry news, technical resources, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
A recurring theme throughout the seven Harry Potter books and eight movies is that Hogwarts, the school for young wizards in the United Kingdom, is a very dangerous place. From the straightforward dangers that come with potions and Quidditch to the more frightening...
A forecast of how Hurricane Ian could impact the insurance industry. New Jersey court rules Uber Eats insurer does not have to offer uninsured/underinsured coverage; PIANJ supports legislation that would address this issue. Perpetuation planning is critical in any type of industry—especially insurance; PIA offers an education course that can help you plan. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
In the case of Malzberg v. Josey et al., the Superior Court of New Jersey ruled that Uber Eats, the food delivery company, was not obligated by law to provide uninsured/underinsured coverage to drivers using its app. What happened? Scott Malzberg delivered food...