Weekly Dispatch: Dec. 21, 2023
PIA Northeast wishes you happy holidays. AI was identified as a financial systems risk by the Financial Stability Oversight Council. A FEMA policy change for the NFIP will go in effect Jan. 1, 2024. Major flooding and storms hit the Northeast. New fire safety legislation passes New Jersey state Senate, companion bill needs to be introduced in the state Assembly. PIANY’s MetroRAP is open for registration. 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.
Legislation to combat residential fires passes N.J. Senate
Nearly a decade ago, New Jersey witnessed the inherent dangers posed by rapidly spreading fires—the catastrophic 2015 Avalon Apartment fire in Edgewater, which thankfully caused no injuries or deaths. However, the incident still lingers vividly in the minds of the New...
Sensory branding = customer retention
Sensory branding isn’t a new concept, but it’s something that more marketing teams should pay attention to when it comes to increased customer retention. Appealing to the senses of your customers will not only attract more people within your target audience, but it...
Don’t compete … differentiate
It is an understatement to say that the world is changing. The way we communicate with others, purchase goods and services, engage in entertainment, have all changed at an unprecedented rate leaving many businesses trying to comprehend what they will need to maintain...
Weekly Dispatch: Dec. 14, 2023
A report from AM Best indicates that the U.S. p/c industry posted a $32 billion loss. Have your clients ever asked you what happens if they get into a car accident with property damage?—PIA can help you answer that question. PIA continues to object to FIO Climate Data Call. The NHID addresses p/c insurance for nonprofits with juvenile behavioral services. And, New York to see minimum wage increase on Jan. 1, 2024. Legislation introduced for e-bike, e-scooter insurance in New Jersey. 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.: Introduced legislation would make insurance mandatory for e-bikes and e-scooters
Coming off an expensive statewide ballot election featuring all 120 elected Assemblymembers and Senators, the New Jersey state Legislature’s lame duck session currently is in full swing. On Nov. 30, 2023, Senate President Nicholas Scutari, D-22,...
Just starting out … what’s your business structure?
When starting an insurance agency, one of the first key decisions is choosing a business structure that aligns with your goals. This critical choice impacts liability protection, startup costs, administrative duties, taxes, raising capital, and planning for the...
The industry’s role in making the world greener
While the insurance industry has yet to publicly and explicitly acknowledge global warming and the importance of protecting the environment, actions taking place within the industry—which are related to industries and governments—are indicative that a shift is...
So, your car hits a guardrail … who pays for it?
A few months ago, an accident occurred right outside of the PIA Northeast office. A car traveling northbound on I-87 appeared to lose control and hit the guardrail. It careened across the southbound lane and stopped in the shoulder. The car suffered heavy damages and...
Weekly Dispatch: Dec. 7, 2023
Triple-I: “Above-average” 2023 Atlantic hurricane season matched forecasts from Colorado State. AM Best’s outlook on U.S. personal-lines segment remains “negative” from 2022. Remind your clients to watch out for disaster-related frauds and scams this winter. PIA Northeast congratulates Connecticut and Vermont insurance commissioners who were elected by NAIC. New York Gov. Kathy Hochul requests a major disaster declaration for September flooding. 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.
Search & Filter Stories
Follow us
