If you work outside in the summer heat, it’s vital that you and your employees take care of yourselves to prevent heat rash, heat stroke, heat exhaustion, heat cramps, sunburns and more. Here are some safety tips to protect yourself this summer: No. 1: Hydrate,...
Fire and water damage coverage is necessary for most businesses that depend on a safe and functioning environment. An unexpected fire or water-related incident can disrupt their operations. Without the right insurance, damage to property, equipment, or client areas...
As the insurance marketplace in Connecticut continues to evolve, PIACT has received reports from members across the state of carriers discontinuing or substantially reducing writing certain lines of coverage. During this time, it’s vital that Connecticut...
Until recently, wildfires followed a seasonal pattern. Primarily, we saw dangerous wildfires spread through the summer and fall months, and then a cooler period during the winter and spring when businesses countrywide would have the opportunity to rebuild and recover....
Nowadays, anyone can make a movie: we’re living in a time in which digital recording equipment has never been more abundant and inexpensive. However, just because people can jump in and decide to make a movie or commercial, doesn’t mean they should start shooting...
When the commercial insurance market tightens, agents and brokers often become the frontline to answer client questions about nonrenewals, midterm cancellations and rate hikes. Fortunately, New York Insurance Law Section 3426 offers a detailed playbook on how...
In a strong step toward tort reform, New Jersey lawmakers have introduced legislation that would bring much-needed transparency and accountability to the fast-growing world of third-party litigation funding. For insurance producers and policyholders alike, this bill...
A.5811, a bill recently introduced to the New York state Assembly, would shine a light on how insurers handle liability coverage under the state’s infamous “Scaffold Law” (Labor Law Section 240). This law holds property owners and contractors absolutely liable for...
Macroeconomic factors and the marketplace have created favorable conditions for the insurance industry (as a whole) leading to strong, consistent profitability. While the industry continues to offer benefits like stability, recurring revenue and a robust secondary market, new challenges have emerged that can impact the insurance business negatively and create additional risk.
A new bill, S.6084, was introduced in the New York state Senate, and it would create a captive insurance program specifically for commuter vans—also known as Dollar Vans. If passed, this law would make it easier for commuter van operators to obtain affordable and...
