N.J.: Bill to limit NDAs in employment contracts reported out of Senate committee
A bill that was reported out of the Senate Labor Committee in New Jersey, S-1688, would, if passed, further restrict the use of nondisclosure and nondisparagement agreements in employment contracts—particularly in cases involving discrimination, retaliation or...
PIACT advocates for stronger protections in dog breed bill
Recently, PIACT provided written testimony on S.B.1386, which would prohibit insurance companies from using a dog’s breed as the factor in underwriting homeowners and tenants insurance policies. While PIACT does not take a formal stance on the bill, the association...
PIACT opposes flood disclosure, cites unnecessary burdens on insurance producers
PIACT voiced opposition to S.B.1245, a proposed bill that would require insurance producers and surplus-lines brokers to provide written notice about the availability of flood insurance at the time of application for personal risk insurance. While PIACT supports...
Insurance risks in rehabilitation services
In the commercial rehabilitation services sector, effective risk management is essential to protect businesses from liability, financial losses and operational disruptions. Independent property/casualty insurance agents play a critical role to identify exposures and...
PIACT testifies on bill that would ease E&S requirements
PIACT members and staff testified before the Connecticut General Assembly’s Insurance and Real Estate Committee in strong support of H.B.6981 on Feb. 27, 2025. This legislation would remove the due-diligence requirement for placing risks in the nonadmitted insurance market when done through an unaffiliated surplus-lines broker. PIACT was represented by Treasurer Kathleen Bailey, CPIA, ACSR, CLCS; past President James Berliner, CPCU; Member Raymond Chase, CLCS; and PIACT Director of Government & Industry Affairs Bradford J. Lachut, Esq. (pictured above.)
Weekly Dispatch: Feb. 27, 2025
AM Best reports that casualty reinsurance capacity is plentiful—but future availability is uncertain. Last chance to register at a discount for PIACT’s Annual Convention. Gov. Phil Murphy delivers 2026 budget for New Jersey. New York introduces new bills—that would address the E&S marketplace and the state’s Workers’ Compensation Law—with PIANY backing. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
N.Y.: E&S reform could streamline commercial insurance in the state
For insurance brokers in New York state, placing coverage in the excess-line market has long come with extra paperwork, delays and regulatory hurdles. Supported by PIANY, the bill S.5310 would eliminate an outdated requirement that no longer serves brokers or their...
PIANY advocates for fairness and flexibility in WC system
PIANY is championing two key legislative initiatives—Bills S.5320 and S.5327, which would improve the way businesses and brokers interact with the New York State Insurance Fund. These bills would ensure fair compensation for insurance brokers and eliminate unnecessary...
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...
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