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...
Proposed N.Y. bill would require fire insurance related to e-bike batteries
A new bill introduced in the New York state Assembly—A.4865—would, if passed, mandate fire insurance coverage for any building in which electric-assisted bicycles—e-bikes—are repaired, sold, rented or stored for these purposes. What the bill proposes If passed, A.4865...
Weekly Dispatch: Feb. 13, 2025
PIA presses Congress to protect crop insurance funding. Northeast hit by intense winter weather—stay up to date with PIA’s Storm Info Central. Connecticut bill introduced to increase flood risk transparency. The NHID issues a reminder about how home location discrimination is prohibited under state law. Learn about the bills that PIANY is paying attention to during the 2025-26 legislative session. 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.
Connecticut’s proposed flood disclosure law: What insurance producers need to know
To increase transparency around flood risk and encourage climate resilience, Connecticut lawmakers have introduced S.B.1245—An Act Establishing a Resilient Connecticut Strategy. If passed, this bill would bring significant changes to how flood insurance is disclosed...
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