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Important carrier updates: Market withdrawals and insolvency impact

Important carrier updates: Market withdrawals and insolvency impact

by Theophilus Alexander | Nov 1, 2024 | Association, Featured, General News

Amid growing concerns about the financial health and stability of the insurance marketplace, the personal-lines sector has experienced significant disruption, driven by carrier withdrawals and a rise in insolvencies. These developments are further constricting an...

Insur-pocalypse Now: Where’s your coverage?

Insur-pocalypse Now: Where’s your coverage?

by Bradford J. Lachut, Esq. | Oct 29, 2024 | Consumer-focused, Featured

The once-great country of the United States of America: A FanDuel™ Subsidiary,[1] and the world at-large are no more. City streets that once teemed with Starbucks-bound workers, dog walkers, and perpetual street construction have been replaced. A mishmash of punks,...

Build a resilient manufacturing business

Build a resilient manufacturing business

by Katie Brenneman | Oct 22, 2024 | Consumer-focused, Featured

Manufacturers are increasingly facing risks that can impact their operations significantly—both in production and public relationships. Roughly 84% of respondents to a 2022 survey said they’re willing to pay more for products from a company they perceive to be...

Understanding DFS guidance on cyber security risks from AI for insurance agents

Understanding DFS guidance on cyber security risks from AI for insurance agents

by Bradford J. Lachut, Esq. | Oct 16, 2024 | Featured, General News

As of Oct. 16, 2024, the New York State Department of Financial Services issued new guidance for the entities it regulates—specifically addressing cyber security risks arising from artificial intelligence. This guidance is especially relevant for insurance agents and...

Spooky insurance, part I: Paranormal activity and you

Spooky insurance, part I: Paranormal activity and you

by Jeana Coleman | Oct 7, 2024 | Consumer-focused, Featured

Now that it’s October, it’s time for everything pumpkin spice, Halloween décor and nightly thrills with your custom queue of horror media. This year, my favorite streaming apps have not disappointed; they’re loaded with fresh, new releases and spine-tingling...

N.Y.: American Transit Insurance Co.’s looming collapse: causes, regulatory failures and impact

N.Y.: American Transit Insurance Co.’s looming collapse: causes, regulatory failures and impact

by Theophilus Alexander | Oct 4, 2024 | Featured, General News

There was a time when New York City’s streets were dominated by yellow taxis—weaving through traffic and honking their way across the avenues—embodying the city’s frenetic energy. Hailing a cab was an art perfected by native New Yorkers—hand raised high, eyes scanning...

N.J.: The right to disconnect from work?

N.J.: The right to disconnect from work?

by Bradford J. Lachut, Esq. | Oct 1, 2024 | Featured, General News

The New Jersey state Legislature returned from summer break earlier this month, and legislators have wasted no time introducing legislation that could impact workers across the state.   Introduced in the New Jersey Assembly on Sept. 23, 2024, A-4852, would...

Tremors & insurance: Or how I learned to start worrying and fear the worm

Tremors & insurance: Or how I learned to start worrying and fear the worm

by Matt McDonough | Oct 1, 2024 | Consumer-focused, Featured

Sandworms. You may not recognize one on sight, but your brain does. They’ve been a fixture of pop culture since Frank Herbet’s seminal 1965 novel, Dune. Star Wars. Beetlejuice. Men in Black. Gargantuan worms that burrow through the ground bind all these works of...

PIANY-supported BI bill signed into law

PIANY-supported BI bill signed into law

by Bradford J. Lachut, Esq. | Sep 30, 2024 | Advocacy, Featured, General News

Gov. Kathy Hochul officially has signed bill A.10342 into law, expanding business interruption insurance coverage in New York state. The bill’s passage marks a significant step in redefining the scope of business interruption insurance by decoupling it from the...

Infrastructure series: Bridge the gap: We need solid structures in a world without flying cars

Infrastructure series: Bridge the gap: We need solid structures in a world without flying cars

by Bradford J. Lachut, Esq. | Sep 11, 2024 | Featured, General News

If science fiction has taught us anything, by 2024, we should have been cruising around in flying cars. Yet here we are, still relying on the same roads and bridges our ancestors built. While the dream of flying cars is still out of reach, one reality we must face is...

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