Two bills passed the New Jersey state Legislature last week, which would impact the personal auto and commercial insurance marketplace, respectively. The auto limits bill was amended in the state Senate. Increase in auto limits S-481, sponsored by Sen. Nicholas...
It’s no secret in the industry that independent agents’ time is spread thin, as they often wear multiple hats in their day-to-day operations. With a still-hot housing market, this is an especially busy season for agents selling homeowners insurance. On top of this,...
Senate Six months into the job as state Senate President, Sen. Nicholas Scurtari, D-22, is looking to put his stamp on New Jersey’s automobile insurance marketplace. Last week a series of bills—sponsored by Scurtari—passed the Senate Commerce Committee. If signed into...
A trio of lesser known—but notable—insurance bills passed the New York state Legislature in the waning days of the 2022 legislation session, which could have an impact on your agency and clients. Supplemental spousal liability coverage S.9367/A.1029–Sponsored by Sen....
The short answer: Bigger profits! (For the long answer, keep reading below.) It’s no surprise that many homeowners start as renters first. There’s a logical progression to it. Well, according to recent research,[1] renters who move on to home ownership don’t move on...
The New York state Senate just passed S.6028, 56-7, sponsored by Sen. Neil D. Breslin, D-44. This bill would make photo inspections of private passenger automobiles optional. Currently, many consumers are required to get a photo inspection of their vehicle within 14...
The 2021-22 legislative session is wrapping up this week with the House and Senate set to complete all their work by May 26, 2022. The Legislature just completed the committee of conference phase, which is when committees made up of four House members and three...
With spring underway, bringing large amounts of rain and snowmelt, it’s more important than ever that agents are doing their best to educate homeowners about flood insurance. Recent data from the Federal Emergency Management Agency indicates that the U.S. has...
The New York state Senate passed A.9284-A on May 10, 2022, with a 49-13 vote. This bill—sponsored by Assemblymember Deborah J. Glick, D-66—would be a chapter amendment to the 2021 dog breed law. It would close a loophole in the current law by...
On May 9, the New York state Assembly passed S.8127, which would simplify the excess-line insurance placement affidavit requirements brokers must complete before placing insurance in the excess marketplace. The bill passed the state Senate on March 23, so the final...