Carrier do’s and don’ts: Commission cuts

To anyone who works in the insurance industry, it is clear that the marketplace is going through a period of transition. The increasing occurrence of severe weather, growing interest rates, and increasing replacement cost are a few of the drivers that are creating...
Weekly Dispatch: Feb. 8, 2024

Weekly Dispatch: Feb. 8, 2024

Triple-I has presented its quarterly report showing that commercial lines are outperforming personal lines. Learn the best way professional insurance agents can manage AI risks. We look back at the 2022-23 New Jersey legislative session, where PIANJ made major strides. New York state Sen. Neil Breslin, who serves on the chair of the Senate Insurance Committee, has announced that he will not seek reelection. Plus, you can read about state-specific industry news, issues, advocacy updates, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.

In review: New Jersey’s legislation session 2022-23

In review: New Jersey’s legislation session 2022-23

While PIANJ may have faced challenges in advancing the association’s top priority—a ban on the use of step-down provisions in personal auto policies—your association’s efforts during the 2022-23 session were not in vain. The organization has seen widespread success in...

PIANY’s MetroRAP returns to NYC with a bang

PIANY’s MetroRAP returns to NYC with a bang

More than 350 insurance professionals attended PIANY’s Metropolitan Awareness Program—the first RAP of the year—on Feb. 1, 2024, at the Sheraton New York Times Square Hotel. During the daylong event, attendees were able to network, learn and discuss the issues...

Seven ways insurance professionals can manage AI risks

Seven ways insurance professionals can manage AI risks

In the ever-evolving insurance landscape, artificial intelligence has emerged as a powerful tool to enhance efficiency, accuracy and customer experience. The impact of AI is profound: its global market size in the insurance industry currently is estimated at $4.59...

Weekly Dispatch: Feb. 1, 2024

Weekly Dispatch: Feb. 1, 2024

ICYMI: FEMA’s new rules on NPNs for the NFIP have been in effect since Jan. 1: Are you in compliance with them? The Appellate Court of Illinois makes a ruling on a carrier’s duty to defend, which may affect similar decisions in other states. New Hampshire’s insurance leaders assume key assignments in the NAIC. PIA remembers PIANJ past President and PIA National past President Andrew Harris Sr., who passed away on Jan. 22. Plus, you can read about state-specific industry news, issues, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.

Cyber series: Understanding the limited exemption for covered entities

Cyber series: Understanding the limited exemption for covered entities

Building on our previous exploration of “covered entities” under New York’s cyber security regulation (23 NYCRR 500), this article delves into another critical aspect: the limited exemption for covered entities. The limited exemption underwent significant changes...

Illinois case changes court ruling on duty to defend?

Illinois case changes court ruling on duty to defend?

Recently, the Appellate Court of Illinois, First Judicial District found that two insurance companies did not owe a duty to defend an employer in an underlying class-action lawsuit centered on the Illinois Biometric Information Privacy Act.[1] The case In Nat’l Fire...

Strategies to scale your online business

Strategies to scale your online business

Online businesses come in all shapes and sizes. Sellers of handmade jewelry, software subscriptions, insurance policies or anything else, all have the same goal—to turn a profit. Even if a business exists as an extension of a passionate hobby, it’s still advantageous...

Weekly Dispatch: Jan. 25, 2024

Weekly Dispatch: Jan. 25, 2024

Congress averts a partial shutdown, and it extends NFIP funding until March 8, 2024. New Jersey passed a trio of insurance-related bills (fire suppression systems, commercial minimum limits, workers’ compensation for volunteers) into law. New York’s state of the state address includes several objectives that would affect the insurance industry—amendments to the Vehicle and Traffic Law, remedies to affordable housing discrimination and changes to supplemental spousal liability for auto insurance policyholders. Vermont to launch its state family leave program this February. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities and upcoming events in this issue of the Weekly Dispatch.