The insurance implications and economic impact of the Francis Scott Key Bridge collapse
On the early morning of March 26, 2024, the container ship MV Dali hit the Francis Scott Key Bridge in Baltimore, Md. The bridge collapsed within the span of a minute, sending the bridge, cars, machinery, cargo, and even people in the chilly depths of the Patapsco...
Cyber series: Non-New York businesses advice
This article in the cyber series is for those individuals who may lack a significant physical or financial presence in New York state. Just because a person lacks a physical or financial presence in the state though, does not mean that the New York cyber security...
Weekly Dispatch: March 28, 2024
News J.D. Power: Homeowners insurance property claims satisfaction hit seven-year low According to the J.D. Power 2024 U.S. Property Claims Satisfaction Study, released on March 19, 2024, the increase of severe storms has led to a larger number of high-severity claims...
N.Y.: Navigating the home stretch: New York state’s budget talks and the impact on insurance
As the calendar turns its pages toward the end of March, New York state finds itself in the thick of its budget negotiation process, with the April Fools’ Day deadline looming just six days away. During this time, the New York state Legislature finds itself juggling...
N.Y.: PIA-priority New York City anti-arson bill passes the state Assembly
PIA-supported legislation (A.8831) that would repeal the outdated anti-arson application in New York City, was passed by the New York state Assembly (by a vote of 147-0) on March 25, 2024. The current anti-arson law In response to a surge in insurance fraud linked to...
Weekly Dispatch: March 21, 2024
The platform Sniffspot seems like a dream come true for suburban and urban dog owners, but how do users protect their property? Over $400,000 in grants have been released in Connecticut to support programs improving financial wellness for residents, with a priority on women and girls. New Jersey’s flood risk disclosure bill went into effect Wednesday. The PIA priority New York windstorm bill has passed the state Assembly. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
Cyber series: Compliance for covered entities
Prior articles in the cyber series have concentrated on what it means to be a covered entity. This article discusses what covered entities must do to comply with New York’s cyber security regulation (23 NYCRR 500). Understanding covered entities Covered entities are...
PIANY-priority windstorm definition legislation passes state Assembly
The New York state Legislature may be right in the middle of budget negotiations, but the Assembly took a break from the budget to pass one of PIANY’s top legislative priorities for the 2024 legislative session. The Assembly passed A.2866—which requires the New York...
Unleashing opportunities: How Sniffspot safeguards hosts and enriches doggy playtime
Sniffspot is an innovative platform designed to provide private and secure spaces for dogs to play and explore. It’s an app-based service that connects dog owners with local hosts who offer their private lands, yards or specialized areas for dog playdates, training...
Consumers distrust businesses to protect their data—agencies must tackle the issue
Agents face opportunities and minefields in equal measure from the artificial intelligence revolution. No one questions that AI-powered tools can slash the time to perform many agency tasks, but hidden dangers and costs lie just beneath the surface. Two of the biggest...
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