Wedding season is the perfect time to chat with your clients about their insurance coverage
Summer is officially here, which means wedding season for many individuals across the country. But with the average couple spending about $30,000 on their special day, insurance professionals can help to offer peace of mind to their clients by discussing the security insurance provides if something goes wrong. Special event coverage, otherwise known as wedding […]
Demand for cyberinsurance skyrocketing
As the world becomes accustomed to a sharp increase in major cyberattacks and data breaches, cyber insurance is becoming more popular. Cyberinsurance can protect a business if it is held liable for losses suffered if hackers steal customers’ sensitive data. You can...
AI: Emerging risks and opportunities for agents
The rise of artificial intelligence has changed our world completely—sparking impressive advancements and opening doors to countless possibilities. Yet, as we continue in this AI-centric era, we need to be prepared for the unexpected pitfalls it might bring—especially...
Grieving Families Act: Impacts on the insurance industry in New York state
The Grieving Families Act passed both houses of the New York state Legislature in June 2023. It proposes sweeping changes to New York’s wrongful death statute, which has been on the books since 1847. Currently, under the law, compensable damages in wrongful death...
Weekly Dispatch: June 15, 2023
The industry struggles to keep up with the increasing frequency of extreme weather. PIANY priority “bait and switch” bill passed by New York state Senate. Annual Conference host by PIANJ and PIANY was hopping—check out the event including photos. And, NJYIP Fun Run raises over $80,000 for Special Olympics. Plus, you can read about state-specific industry news, advocacy updates, education opportunities, upcoming events and information you may have missed in this issue of the Weekly Dispatch.
NJYIP Fun Run raises over $80,000 for SONJ
The NJYIP 39th Annual Fun Run was held on June 6, 2023, on the Boardwalk outside the Hard Rock Casino in Atlantic City, N.J. It was part of the Annual Conference hosted by PIANJ and PIANY. Over 70 runners participated in this year’s event—and fundraisers and sponsors...
N.J./N.Y.: Insurance rock stars, rockin’ events—Annual Conference was hopping
Some 1,500 insurance professionals gathered at the Annual Conference hosted by PIANJ and PIANY, at the Hard Rock Hotel Casino in Atlantic City on June 4-6, 2023. Those who wanted to grow their relationships and industry connections; energize their businesses; and...
Recap: How PIWA’s initiatives fared this legislative session
In New York state the 2023 legislative session was scheduled to conclude on June 8. The state Senate adjourned on Saturday, June 10, at 3:27 a.m. And, the state Assembly closed its session later that day at 4:35 p.m. However, it appears that the Assembly’s adjournment...
Insurance industry struggling with costs associated with extreme weather
With climate change set to raise the temperature of the planet dramatically, the frequency of natural disasters is increasing. The insurance industry is struggling to keep up with skyrocketing homeowners insurance claims. For example, drought conditions in California...
N.Y.: PIA-priority ‘bait and switch’ bill passes state Senate
PIANY’s legislative priority for the 2023 is enactment of legislation that would require that insurance companies attempt to verify a drivers’ driving history prior to binding a personal automobile insurance policy. This legislation got a giant step closer to becoming...
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