Navigating the new landscape: Key changes to 23 NYCRR 500
The New York Department of Financial Services cyber security regulation—known as 23 NYCRR 500 by nerds like me—first went into effect on March 1, 2017. This regulation was the first in the nation to regulate the cyber security practices of the financial services...
Understanding insurance requirements for home-elevation contractors in New Jersey
In the world of home renovations, raising a house 10 feet off the ground is no easy task. This ambitious undertaking not only demands expertise in engineering and construction, but it also necessitates strict adherence to insurance regulations—especially in New...
Where the legal risks lurk in human resources: Reduce the risk of wage-and-hour violations
As an employment lawyer and human resources expert spending my career working with businesses of various sizes, I believe the single most important thing employers can do is make sure they are handling their employees’ wages properly. When people’s livelihoods are...
Premium trust accounts and commissions
On the most basic level, choosing a career as an insurance producer means having the opportunity to sell insurance products to clients. However, deciding to become an insurance producer also means signing up for a heightened level of responsibility, which means acting...
Weekly Dispatch: Jan. 4, 2024
Happy new year from PIA Northeast! In a contract, can an ‘emoji’ be considered binding? PIA’s priority New York ‘bait-and-switch’ bill was signed into law by Gov. Kathy Hochul. The New Hampshire Insurance Department and New England College announce the second year for a course on the industry. New Jersey is providing new resources to help buyers and renters protect themselves from climate-related flooding. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities, upcoming events in this issue of the Weekly Dispatch.
Before you start planning your wedding, don’t forget to insure the ring
Getting engaged for Christmas or New Years is very exciting and romantic. It could involve a beautiful one-carat diamond ring that looks amazing on your finger! There’s so much planning to do for the big day, but don’t forget to insure your ring from theft, if the...
N.Y.: Noncompete ban bill vetoed by governor
A noncompetition agreement, or noncompete agreement, is nothing new in the world of business. These agreements prohibit an employee from working for competitors or opening competing businesses, typically for a certain period of time after an employee leaves a job. In...
N.Y.: PIA-priority ‘bait-and-switch’ becomes law
For years, PIA has fought for increased consumer protections during the automobile insurance underwriting process. PIA won a major victory in that fight today when New York Gov. Kathy Hochul signed into law S.5764B, which takes aim at the harmful bait-and-switch...
New year, new beginnings: Reflecting, pausing, and progressing toward your goals
As the year draws to a close and a new one peeks over the horizon, a familiar feeling washes over us—the urge to reflect, pause and set goals for the future. This introspective period, often fueled by the festive spirit and the clean slate of a new year, is an...
Think twice before you reply with an emoji … it could be a binding contract
Let’s face it … technology can be hard. Especially when you have no idea what things mean. Remember when Gen Z unofficially deemed millennial use of the 😂 emoji as “not cool,”[1] or dare I say…cheugy?[2] Or when almost every older-generation dad got called out...
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