N.Y.: Legislative setbacks: Excess-line reform, staged construction accidents, and more
The 2023-24 legislative session in New York saw a flurry of activity, with legislators in both houses passing hundreds of bills. Despite this progress, several bills on PIANY’s radar did not pass the Legislature. Some bills passed one house but not the other, while...
Adirondack Insurance Exchange announces departure from New York insurance market
In a significant development for New York state's insurance industry, Adirondack Insurance Exchange has announced its decision to exit the state's insurance marketplace. This move comes as AIE faces ongoing financial difficulties and a deteriorating capital...
AmGUARD Insurance Co. withdraws from personal-lines marketplace, effective July 8
In a significant move impacting the insurance landscape, AmGUARD Insurance Co., has announced its decision to withdraw from the personal-lines marketplace for admitted business nationwide, effective July 8, 2024. Most notably, this decision will affect homeowners and...
Weekly Dispatch: July 11, 2024
If you haven’t taken PIA’s 2024 Market Trends Survey, this may be your last chance to do so. Tropical storm Beryl is projected to affect the Northeast and New York state. The Federal Trade Commission’s noncompete ban has been blocked by a federal judge. The New Jersey Supreme Court issues a ruling where all commercial property owners are liable for sidewalks adjoining their property. New pet insurance legislation in New York state has big implications for pet owners and independent insurance agents. Vermont law implements stricter penalties for retail theft. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
N.J.: Supreme Court rules all commercial property owners are liable for sidewalks
Recently, the Supreme Court of New Jersey reversed a lower court decision in the case of Alejandra Padilla v. Young Il An, holding that all commercial property owners, including owners of vacant commercial lots or lots where there is no active business being...
N.Y.: New pet insurance legislation: Implications for independent insurance agents and clients
New York’s pet owners and their beloved companions are set to benefit from newly passed legislation that formalizes the regulation of pet insurance in the state. While pet insurance has been available for years, this landmark move introduces a clear and structured...
N.J.: Clarifying duties and liabilities of private beach owners under S.1709
Sponsored by Sens. Declan J. O’Scanlon, Jr., R-13, and Paul A. Sarlo, D-63, S-1709 would clarify the duties and liabilities of private beach owners and lessees regarding injuries suffered by beachgoers. The legislation would provide that private beach owners or...
Vt.: Stricter penalties for retail theft of merchandise—new law effective now
Vermont will enforce a new law aimed at curbing retail theft by increasing penalties for offenders, effective July 1, 2024. This new law is a response to rising concerns over retail theft and its impact on businesses and communities. Here's what you need to know about...
FCC implements regulations to combat unlawful text messages, enhance consumer privacy
On Dec. 13, 2023, the Federal Communications Commission adopted significant regulatory changes under the Telephone Consumer Protection Act, which will attempt to curb unlawful text messages and close loopholes exploited by lead generators. These measures are intended...
Weekly Dispatch: June 27, 2024
PIA Northeast wants to hear your thoughts on the state of the market. A new Triple-I report indicates that personal auto profitability is moving in a positive trend. New York Gov. Kathy Hochul signs the SAFE Act, restricting children’s use of social media. Connecticut hosts a special legislative session. Vermont issues a new DMV bulletin. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades and education opportunities in this issue of the Weekly Dispatch.
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