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N.Y.: ‘Bait and switch’ bill passes state Assembly

N.Y.: ‘Bait and switch’ bill passes state Assembly

by Theophilus Alexander | Mar 28, 2023 | Advocacy

It is a good day for PIANY members! On Monday, the New York state Assembly unanimously passed A.4688, which would restrict the adverse “bait-and-switch’ practice in personal auto insurance. Bait and switch is the colloquial term used to describe when an insurance...

N.Y.: Bait and switch, photo inspection bills pass state Assembly Insurance Committee, to move on to full Assembly vote

N.Y.: Bait and switch, photo inspection bills pass state Assembly Insurance Committee, to move on to full Assembly vote

by Bradford J. Lachut, Esq. | Mar 22, 2023 | Advocacy, Featured

Two of PIANY’s top legislative priorities were on the agenda of the New York state Assembly Insurance Committee and both were reported out of committee today. Here is a little more about the bills that passed and what comes next: Photo inspections PIANY’s top...

Update: PIANY-priority anti-arson bill passes Assembly

Update: PIANY-priority anti-arson bill passes Assembly

by Bradford J. Lachut, Esq. | Mar 9, 2023 | Advocacy, Featured

PIA-supported legislation (A.2811) that would repeal the antiquated anti-arson application in New York City, successfully passed the state Assembly on March 9, by a vote of 138-0. What this bill would do If this bill was to become law the anti-arson application would...

Do road conditions effect the wellness of the U.S. economy?

Do road conditions effect the wellness of the U.S. economy?

by Maura Rosner | Mar 7, 2023 | General News

According to data collected by the U.S. Department of Transportation and the U.S. Census Bureau, and analyzed by MoneyGeek, road conditions and the money spent on overall maintenance varies tremendously from state to state. What this seems to mean is that regardless...

N.Y.: PIA-priority anti-arson bill reported out of committee

N.Y.: PIA-priority anti-arson bill reported out of committee

by Bradford J. Lachut, Esq. | Mar 7, 2023 | Advocacy, Featured

PIA-supported legislation (A.2811) that would repeal the antiquated anti-arson application in New York City, successfully passed the state Assembly Insurance Committee on March 1, without opposition (23-0). The current anti-arson law In the late 1970s, insurance fraud...

N.Y. cyber security certification of compliance filings due by April 15

N.Y. cyber security certification of compliance filings due by April 15

by Shirley Albright, CPIA, CISR | Mar 7, 2023 | General News

Those individuals who hold a New York state insurance license (covered entities), including nonresident licensees, have until Saturday, April 15, 2023, to certify their compliance with the requirements of New York state’s cyber security regulation (23 NYCRR 500) for...

N.Y.: Risk retention placement reports due March 15

N.Y.: Risk retention placement reports due March 15

by Shirley Albright, CPIA, CISR | Mar 6, 2023 | General News

New York State Insurance Law Section 5904 requires producers placing New York state business with risk retention groups not chartered in the state to report this business by March 15, 2023. To comply with New York State Insurance Law Section 5904(c), if a business has...

N.Y.: PIA-priority ‘bait and switch’ bill introduced in Assembly

N.Y.: PIA-priority ‘bait and switch’ bill introduced in Assembly

by Bradford J. Lachut, Esq. | Feb 24, 2023 | Advocacy, Featured

Another day, another PIANY legislative priority has been introduced. Assemblyman David Weprin, D-24, the new chair of the Assembly Insurance Committee, introduced A.4668, which would restrict the harmful “bait and switch” practice in personal auto insurance, on Feb....

N.Y.: How the photo inspection bill in the state budget differs from the vetoed bill

N.Y.: How the photo inspection bill in the state budget differs from the vetoed bill

by Bradford J. Lachut, Esq. | Feb 21, 2023 | Advocacy

William Shakespeare once wrote “What’s in a name? That which we call a rose by any other name would smell as sweet …”. I can only assume that when Shakespeare wrote those words in the 1590s that he was thinking about the future, and specifically about a measure...

PIANY continuing its work to repeal N.Y.’s antiquated arson law

PIANY continuing its work to repeal N.Y.’s antiquated arson law

by Bradford J. Lachut, Esq. | Feb 7, 2023 | Advocacy

New York City is unique. More than eight million people live in New York City and it is home to over 800 different languages. It is also the only city in New York state that still requires certain property owners to complete an anti-arson application to purchase...

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