CID issues bulletin on aerial imagery and underwriting in response to consumer complaints

On March 19, 2024, the Connecticut Insurance Department issued a bulletin to address the use of aerial imagery by insurance carriers in underwriting homeowners insurance, specifically in relation to decisions about roof condition. This bulletin responds to a rise in...
Weekly Dispatch: March 7, 2024

Weekly Dispatch: March 7, 2024

The Corporate Transparency Act has been in effect for two months: what do PIA members need to know? New Hampshire has been granted a major disaster declaration request for three counties. In New Jersey, pay-to-play laws have been changed: are you up-to-date with the new rules? New York is tapping into a federal initiative to help minority- and women-owned businesses. 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.

What PIA members need to know about the Corporate Transparency Act

What PIA members need to know about the Corporate Transparency Act

While the Corporate Transparency Act became law on Jan. 1, 2021, you may just be hearing about it now. That is because it became effective as of Jan. 1, 2024, and it has created new business reporting requirements on a federal level for smaller businesses. The law’s...

N.Y.: Gov. Hochul’s plan to deter retail theft

N.Y.: Gov. Hochul’s plan to deter retail theft

The ongoing trend of organized retail theft is rippling across through the retail industry, contributing to store closures that have impacted communities far and wide. This upsurge in coordinated thefts, including smash-and-grab robberies and chronic shoplifting, is...

Cyber series: Compliance for Class A Companies

Cyber series: Compliance for Class A Companies

Prior articles in the cyber series have concentrated on what it means to be a covered entity. This article transitions into a discussion about what covered entities must do to be in compliance with New York state’s cybersecurity regulation (23 NYCRR 500). This...

N.J.: Stay updated on pay-to-play changes

N.J.: Stay updated on pay-to-play changes

There were sweeping changes for New Jersey’s campaign-finance and pay-to-play laws in 2023. Gov. Phil Murphy signed the New Jersey Elections Transparency Act, P.L. 2023, c. 30, into law on April 3, 2023, and later he signed Executive Order 333 into effect on June 15,...

Grow and achieve more with agency automation

Grow and achieve more with agency automation

In a rapidly evolving world driven by innovation and digital technologies, staying ahead of the curve is paramount for businesses—specifically in the insurance industry. Insurance agencies face high volumes of paperwork, complex processes, intricate regulations, risk...

Weekly Dispatch: Feb. 29, 2024

Weekly Dispatch: Feb. 29, 2024

Government faces possible partial shutdown as Friday deadline nears; NFIP could lapse. The New Jersey Boardwalk Preservation Fund releases $100 million for 18 municipalities to develop and preserve their boardwalks. New York announces $6 million for cyber risk and resiliency for local governments statewide. Plus, you can read about state-specific industry news, compliance issues, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.