Independent agents have relationships with various insurance carriers. Each carrier has its own set of tools and resources to help agents educate their clients about what will happen when they file a claim—before, during and after. By working together, agents and...
Retirement plans often have fiduciary liability—the PIA 401(k) Plan can remove the headache of your agency’s plan. In New York state, a new law will help businesses access low-cost workers’ compensation coverage. And, as Jurassic World Dominion continues to be a box-office hit, have you ever wondered how the original Jurassic Park ever got insurance coverage before the velociraptors learned to open doors? PIA’s director of Government & Industry Affairs looks at the possible underwriting factors for the original park. Plus, you can read about state-specific industry news, advocacy updates and upcoming events in this issue of the Weekly Dispatch.
Two bills passed the New Jersey state Legislature last week, which would impact the personal auto and commercial insurance marketplace, respectively. The auto limits bill was amended in the state Senate. Increase in auto limits S-481, sponsored by Sen. Nicholas...
In a traditional 401(k) plan, many plan administration tasks fall on the plan sponsor. These can include designing the plan, depositing contributions, keeping documents updated, complying with testing requirements, and providing required notices and information to...
You may be aware that Jurassic World Dominion was released earlier this month. Dominion is the (checks IMDB) sixth Jurassic Park/World movie. The release of JWD has caused me think about the “Jurassic” premise as whole. First, let me say I am a huge Jurassic Park fan....
Connecticut’s minimum wage to increase on July 1. Bills that would affect N.J.’s auto insurance market pass insurance committees. And in New York state, the first round of primaries has been decided, and the insurance committee chairs are expected to change this fall. Plus, you can read about state-specific industry news, technical resources, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
It’s no secret in the industry that independent agents’ time is spread thin, as they often wear multiple hats in their day-to-day operations. With a still-hot housing market, this is an especially busy season for agents selling homeowners insurance. On top of this,...
For the first time in three years, some 1,500 insurance professionals from New Jersey and New York gathered, live and in-person at a new location—the Hard Rock Hotel Casino in Atlantic City—for two-and-a-half days for the return of the Annual Conference hosted by...
Senate Six months into the job as state Senate President, Sen. Nicholas Scurtari, D-22, is looking to put his stamp on New Jersey’s automobile insurance marketplace. Last week a series of bills—sponsored by Scurtari—passed the Senate Commerce Committee. If signed into...
Recently, the Superior Court of New Jersey, Appellate Division held in the case of Vera v. State Farm Indem. Co. that New Jersey’s no-fault law does not bar policyholders from pursuing a claim of bad faith against their insurer. How did we get here? The plaintiff and...