Representatives of your association traveled to the halls of the Department of Banking and Insurance in Trenton on Oct. 4, 2023, to discuss PIANJ’s legislative and regulatory priorities, as well as advocate for independent insurance producers across the Garden State....
The 2023 New York legislative session was a successful one for independent insurance agents. In 2023, PIANY saw not one, but two, of the association’s top priorities pass the Legislature! The advocacy of insurance agents, like yourself, has been critical in getting...
Strangely, the legal concept of spousal liability has been in the news recently. This is due to a recent change in New York state law that will now require all auto insurance policies issued in the state to provide coverage for supplemental spousal liability—unless a...
One of the biggest areas for recent innovation in automobile design is advanced safety features. Features like lane and obstacle sensing radar, collision warning, and heads up displays are increasingly becoming standard equipment on new cars. The technology that comes...
In 1998, a new technology was introduced that promised to have major implications for many industries, chief among them the insurance industry. This technology allowed systems to monitor and collect data about a user’s behavior in real time. Today, many of us use...
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...
The colloquial term “bait and switch” is used to describe when an insurance company verifies an insurance applicant’s driving history after the applicant has paid the premium on a personal auto policy. Legislation that would ban this harmful practice passed the state...
For years, we have been writing personal auto policies that afford 30 days of rental reimbursement coverage at various daily limits. And for years, this was enough coverage. If a vehicle was damaged in an accident, the insured could expect the garage of his or her...
PIANY’s top legislative priority for the 2023 legislative year is passage of legislation that would make important reforms to New York state’s outdated photo inspection law (S.5889). That legislation got a giant step closer to becoming a law as S.5889 passed the New...
Two of PIANY’s top legislative priorities for the 2023 legislative session successfully were reported out of the Senate Insurance Committee today: S.5889, which would make important reforms to the New York state’s outdated photo inspection law; and S.5896, which would exempt commercial insurance policies placed by retail insurance brokers through the unaffiliated wholesale excess-line brokers from the diligent-effort requirement when placing business in the excess & surplus marketplace.