Grateful? Make a gift …
As we move closer to the end of November, I am inspired to think about being grateful. I am grateful for family and friends, for my comfortable home, and the delicious food we create—and for gifts made to me by virtue of birth or happenstance. Looking beyond my...
Weekly Dispatch: Nov. 9, 2023
PIA-backed bills on FIO repeal and reform highlighted in House hearing. PIA Market Trend Survey finds that premium rates are rising, and other factors indicative of a hard market. Do your clients know the difference between insurance and warranties? And, in New York, DFS releases final cyber regulations, PIA offers guidance. Plus, you can read about state-specific industry news, compliance issues, advocacy updates, technical resources, accolades, education opportunities and in this issue of the Weekly Dispatch.
Do you know the special rules of marketing?
I like rules. When I open a board game, I immediately read the instructions. I’m sure my affinity for the rules lead to my decision to become an attorney. In a conversation with a guidance counselor, I may have said: “You mean my job would be to argue about what the...
New York reaches settlement with Lyft, Uber
New York Attorney General Letitia James unveiled two historic settlements valued at a combined $328 million with ride-sharing conglomerates Lyft and Uber on Nov. 1, 2023. These settlements mark the conclusion of extensive investigations into both companies, revealing...
Warranties vs. insurance: what’s the difference?
Upon buying a new piece of technology—new phone, new TV, new game console—often the salesperson will ask you if you would like to purchase an extended warranty with it. Warranties and insurance may seem similar on the surface, but in fact they have more than a few...
N.Y.: DFS releases final cyber regulations, PIA offers guidance
The New York State Department of Financial Services released its official second amendment to the cyber security regulation (23 NYCRR 500) on Nov. 1, 2023. The amendment makes multi-factor authentication mandatory for all covered entities, increases the thresholds for...
Weekly Dispatch: Nov. 2, 2023
The Insurance Information Institute released a study showing the impact of inflation on auto liability insurance. President Biden issues an Executive order on artificial intelligence. The National Council on Compensation insurance released third quarter report for Connecticut, New Hampshire and Vermont. N.H. Director of the Consumer Services Keith Nyhan promoted to deputy insurance commissioner. Plus, you can read about state-specific industry news, compliance issues, technical resources, accolades, education opportunities, upcoming events in this issue of the Weekly Dispatch.
PIA Market Trends Survey: Rising premium rates, other factors indicative of a hard market
Professional insurance agents may be aware that the insurance industry is amid a hard market. This means you also may have noticed that your insureds’ premiums have risen, and insurance coverage is more restricted, among other changes. PIA Northeast conducted a survey...
Health insurance, new diabetic drugs and the future of weight loss
In the U.S., weight-loss drugs have received renewed attention thanks to recent medical advancements. Frequently, Ozempic, Wegovy and Mounjaro are included in this conversation—even though not all of them are marketed as weight-loss drugs. For example, Ozempic notes...
Smash, grab and go: Insurance implications on surging retail theft
As the rise in retail theft continues to plague businesses nationwide, the impact on the retail landscape is clear. The COVID-19 pandemic has created a unique set of circumstances that have contributed to the surge in retail thefts—affecting both large and small...
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