Parametric disaster insurance
In today’s rapidly changing world, traditional insurance products may fall short when it comes to effectively managing and mitigating risk. However, to fill those voids a new type of insurance product has emerged—parametric insurance. Parametric insurance covers the...
Risks associated with electronic bikes
Electric bicycles—or e-bikes—have become popular as an eco-friendly, efficient, and cost-effective mode of transportation. While these bicycles offer myriad benefits, they carry certain risks—which riders can mitigate. Electric bikes are powered by batteries,...
Design workspaces with employee health and safety in mind
Whether you’re a business owner or manager, employee well-being and safety should be at the top of your priority list. You might have safety strategies and health practices in place designed to keep your employees happy and healthy, but you could be overlooking...
Mainsail Insurance approved to write in Florida
Mainsail Insurance Co., is a newly formed carrier, which is wholly owned by Spinnaker Insurance Co. The parent company is Hippo Holdings Inc., which acquired Spinnaker Insurance Co., on Aug. 31, 2020. The Florida Office of Insurance Regulation has approved Mainsail...
Weekly Dispatch: Nov. 30, 2023
A new rule proposal from the Department of Labor receives pushback from PIA. New Jersey announces the adoption of the Advanced Clean Cars II rule to support zero-emission vehicles. New York Gov. Kathy Hochul signed legislation to protect consumers during storms and other emergencies. Plus, you can read about state-specific industry news, advocacy updates, technical resources, education opportunities and upcoming events you may have missed in this issue of the Weekly Dispatch.
The hard market: Let your marketing campaigns educate and build relationships
Growing up in Southern California with doomsday-prepper parents I was prepared for the “Big One.” My family members slept with shoes next to the bed, and always had rations to hold us—along with the rest of the neighborhood—through a catastrophic event. At the start...
PIA testifies before the N.Y. Assembly Committees on Insurance and Environmental Conservation
PIANY Director of Government & Industry Affairs Bradford J. Lachut, Esq., along with other industry representatives, testified this morning on extreme weather and the resiliency of the property/casualty insurance marketplace. The hearing was jointly hosted...
N.J.: 2024 WC overall rate level decreases 3.9%
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -3.9% to become effective Monday, Jan. 1, 2024, applicable to new and renewal policies. The NJCRIB distributed Circular...
Weekly Dispatch: Nov. 22, 2023
Happy Thanksgiving! PIA Northeast is honored by Utica National at conference for policy retention. New York Gov. Kathy Hochul signs top-priority photo inspection bill into law. New Jersey announces guidelines on generative artificial intelligence for state employees. Are you and your insureds ready for the incoming winter weather? Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
NCCI 2024 WC loss cost decrease of 9.8% approved
The Connecticut Insurance Department approved the proposed workers’ compensation loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 9.8% decrease. Also approved is an overall assigned risk rate reduction of 10.5%....
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