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....
Legislation that would require businesses and certain rental units to carry insurance passed the state Senate (25-11) on May 26. The bill, S-1368, sponsored by Senate President Scutari, D-22, would require business owners to purchase liability insurance in an...
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...
Traditionally, a legacy is something that is handed down from one generation to the next. In the legal world, it is literally an amount of money or property left to someone. More philosophically, a legacy can be an idea, mission, or purpose that future generations are...
The weather in March may come in like a lion and out like a lamb. But legislatively, March ended with a mighty roar as two of PIANJ’s priority bills passed the state Senate recently, both with 37-0 votes. Liquor liability insurance Legislation (S-775) sponsored by...
Recently, the National Oceanic and Atmospheric Administration released its climate predictions for April, May and June. After a winter that was mild for some—and not so mild for others—this spring could be a much-needed break. However, some of these predictions come...
Personal- and commercial-lines insurance policies are nuanced. If you know how each policy will respond to an insurance claim, you can help your clients be better prepared ahead of time. Quiz yourself with the following examples: Do both personal- and commercial-lines...
PIA just concluded its most recent round of Regional Advisory Council meetings. What are RACs? I’m glad you asked. As a completely biased writer who has attended nearly a hundred RAC meetings throughout the years, they are one of the most valuable experiences that PIA...
Personal- and commercial-lines insureds are responsible for injuries or damage when they rent vehicles (or rent out their own vehicles to others), when they are hired to use their vehicles to provide delivery or transportation services and when they borrow or lend...
In the past year, inflation has sent prices soaring on many household items and gasoline—especially gasoline. While the effect on inflation does not have the same immediate impact on insurance premiums as it does for gas and groceries, insurance carriers have...
