It’s still a great time to sell your agency
A client asked me, “Did I wait too long to sell?” Since the number of deals has generally been in decline since mid-2022, some agency owners may wonder if they missed the boat. They haven’t. In the second quarter of 2022, there were 1,206 deals announced for the prior...
Bump in the road: Navigate pregnancy discrimination in the workplace
While a pregnancy announcement at work can be welcomed and exciting, sometimes it can stress the relationship between employer and employee. Surprisingly, pregnancy discrimination often is one of those awkward discussion topics that tends to be avoided, or it gets...
AI meets business: The power of tech = growth
Across the region, businesses harness artificial intelligence and the Internet of Things to transform operations, drive smarter decisions and spark extraordinary growth. This movement infuses every corner of business with energy, creativity and the promise of a...
Weekly Dispatch: Feb. 20, 2025
PIACT to track several bills that focus on auto and home insurance, and policyholder protections and consumer rights. The NHID issues bulletins as reminders of the department’s stance on department inquires and aerial imagery in underwriting, respectively. New Jersey bill could lower auto rates, increase transparency. Newly introduced bills in New York state would address predatory litigation financing; fire insurance for e-bike batteries; real-time auto insurance verification at the DMV; and HR policies and procedures. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
N.Y. bill: Real-time auto insurance verification at the DMV
A newly introduced bill in the New York state Assembly would modernize how auto insurance coverage is verified, replacing the current system with a real-time online verification process. The bill, A.4404, introduced by Assemblymember David Weprin, D-24, would prevent...
NHID issues bulletin on aerial imagery in underwriting
The New Hampshire Insurance Department has issued Bulletin Docket #INS 25-016-AB, to address the increasing reliance on aerial imagery in property underwriting. The bulletin highlights concerns about insurers refusing to write or renew homeowners policies based solely...
New Jersey’s Car Insurance Reduction Act aims to lower rates and increase transparency
With auto insurance rates on the raise, New Jersey state lawmakers are acting to reform auto insurance with the introduction of A-5254, also known as the Car Insurance Reduction Act. Sponsored by Assemblywoman Heather Simmons, D-3, this legislation would impose...
N.Y.: Two bills could impact HR policies and procedures
Recently, the New York state Legislature began its 2025 session, and with it came two newly introduced bills—A.892 and A.3529—which, if passed, would bring notable changes to employment policies across the state. These bills would expand employee benefits, including...
PIANY pushes to protect consumers from predatory litigation financing, bill passes Senate
As the New York state Legislature convenes for its new session, new bills and regulatory proposals are being introduced, and PIANY is carefully assessing their potential impact on the insurance industry to shape its advocacy priorities for the year ahead. In doing so,...
Connecticut’s evolving insurance landscape: Key bills to watch and advocate for in 2025
It is fair to say that the 2024 legislative session did not go as planned for the Connecticut Insurance and Real Estate Committee. As previously reported—due to a short legislative session and political in-fighting—the committee failed to report out any legislation in...
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