40th Annual NJYIP Fun Run raises $80,000 for Special Olympics New Jersey
The New Jersey Young Insurance Professionals hosted its 40th Annual Fun Run 5K June 4, 2024, at 6:30 a.m., on the scenic Boardwalk outside the Hard Rock Casino in Atlantic City. The event saw over 80 enthusiastic runners, who collectively raised an impressive $80,905...
Protect business and personal assets
Running a business as a limited liability company adds a layer of protection for personal assets. However, long-term risks and transitions, such as dissolution, can make a business vulnerable. As an agent, you can guide business owners toward the best choices. By...
Navigating the treacherous market landscape
With the rate increases and the lack of coverage availability, we know you're feeling the pressure with both selling products and retaining clients during this hard market. Additionally, you may be facing commission cuts and even terminations as carriers try to cut...
N.Y.: District Office Visits: Unlocking legislative influence through PIA
District Office Visits are a key member benefit provided by PIA, designed to foster meaningful relationships between PIANY members and state legislators. These strategic advocacy meetings, held either in-person or virtually with state legislators, allow PIANY members...
Weekly Dispatch: June 20, 2024
Marsh: Ransomware continues to be a challenge for cyber insurance claims. Read all about the out-of-this-world 2024 PIANJ | PIANY Conference at the Hard Rock Hotel Casino. Vermont Gov. Phil Scott vetoed a data-privacy bill because it would make the state “hostile to businesses.” 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.H.: New boating safety law signed by Sununu
Gov. Chris Sununu signed H.B.1046, which targets boater safety, into law on June 11, 2024. Effective Wednesday, Jan. 1, 2025, this new law requires that boat operators involved in accidents resulting in death, injury, or property damage must immediately stop and...
An out-of-this-world Annual Conference
One of the most exciting insurance events in the cosmos was held June 2-4, 2024, at the Hard Rock Hotel Casino in Atlantic City: the PIANJ | PIANY Annual Conference. At the event, more than 1,600 insurance professionals gathered from around the region to forge...
N.Y. Legislature passes amended ‘wrongful death’ bill; awaits action from governor
The state Assembly and Senate passed the bipartisan A.9232-B and S.8485-B on June 4 and June 5, respectively—marking the third consecutive year the state Legislature has acted on bills to address the wrongful death issue. Sponsored by Sen. Brad Hoylman-Sigal, D-47,...
Weekly Dispatch: June 13, 2024
FEMA may run out of money before the end of this year’s hurricane season. The Institute for Legal Reform has issued a new report on the rising trend of nuclear verdicts. Connecticut is releasing funds to bolster economic development in historically underserved communities. Multiple new insurance bills have passed the New York Legislature, including the PIANY top-priority windstorm bill. Plus, you can read about state-specific industry news, advocacy updates, technical resources, accolades, education opportunities, and upcoming events in this issue of the Weekly Dispatch.
Adirondack Insurance Exchange financial stability: What policyholders need to know
In recent years, Adirondack Insurance Exchange has grappled with challenging market conditions and increasing claims payment costs—leading to a decline in its financial strength. This situation now has culminated in Demotech's—a financial analysis and rating company...
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