Since 1989, New Yorkers in need of temporary disability leave, including individuals with pregnancy and childbirth-related conditions, have been limited to a maximum benefit amount of $170 per week. This figure—unadjusted for over three decades—has diminished in its...
In 2023, PIANY fiercely advocated for passage of legislation that would increase consumer protections during the automobile insurance underwriting process. PIA was successful in its efforts when New York Gov. Kathy Hochul signed into law S.5764-B, which takes aim at...
More than 350 insurance professionals attended PIANY’s Metropolitan Awareness Program—the first RAP of the year—on Feb. 1, 2024, at the Sheraton New York Times Square Hotel. During the daylong event, attendees were able to network, learn and discuss the issues...
In New York state, a notable amendment has been proposed that would redefine the landscape of coastal property insurance. Targeting the Coastal Market Assistance Program, this bill (S.8320)— introduced by Sen. Shelley Mayer, D-37—would broaden the insurance options...
As New York ushers in a new year, it’s not just resolutions that are changing. The insurance landscape is set for a transformative shift. Gov. Kathy Hochul released her executive budget earlier this month. Through the budget, we can get a peek of what the governor has...
As part of her annual State of the State address, which also laid out her legislative priorities for 2024,[1] New York Gov. Kathy Hochul unveiled her plan to expand the state’s Paid Family Leave Policy, which paves the way for the state to be the first in the nation...
In a victory for black car and gig drivers, the U.S. Second Circuit Court of Appeals unanimously ruled 3-0 that the New York Black Car Operators' Injury Compensation Fund has the statutory authority to impose a 2.5% surcharge on noncash tips. This ruling was made on...
In the rapidly evolving digital landscape, cybersecurity is more crucial than ever. This is particularly true in New York, where the state's cyber security regulation, 23 NYCRR 500, plays a pivotal role. In part two of the PIA’s cyber series, let's delve into a key...
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...
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...