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Market Trend Survey 2024: Insights on premiums, underwriting and nonrenewals

Market Trend Survey 2024: Insights on premiums, underwriting and nonrenewals

by Shirley Albright, CPIA, CISR | Jan 24, 2025 | Technical

The 2024 Market Trends Survey—conducted across six Northeastern states—collected responses from 118 insurance professionals to gauge shifts in premiums, underwriting guidelines, remarketing efforts and nonrenewals across major lines of business. The survey, targeting...

PIANY’s 2025 legislative priorities: Advocating for change in New York’s insurance landscape

PIANY’s 2025 legislative priorities: Advocating for change in New York’s insurance landscape

by Bradford J. Lachut, Esq. | Jan 8, 2025 | Advocacy, Featured

As we kick off 2025, PIANY has unveiled its legislative priorities for the year. These initiatives aim to modernize New York state’s insurance regulations, reduce administrative burdens, and promote fairness and transparency. Let’s take a closer look at the key areas...

Infrastructure series: Transportation spending and its impact on insurance

Infrastructure series: Transportation spending and its impact on insurance

by Bradford J. Lachut, Esq. | Jan 8, 2025 | Featured, General News

The passage of the Infrastructure Investment and Jobs Act in 2021 represents one of the most significant investments in U.S. infrastructure in decades. Allocating $1.2 trillion over 10 years, the act emphasizes modernizing transportation systems, repairing aging...

PIANJ’s E&O panel on navigating the hard market, what you may have missed 

PIANJ’s E&O panel on navigating the hard market, what you may have missed 

by Bradford J. Lachut, Esq. | Nov 6, 2024 | Advocacy, Featured

On Oct. 29, 2024, PIANJ hosted a dynamic panel discussion, The Perfect E&O Storm: Tips for the Hard Market, which brought together seasoned experts to share insights on managing errors-and-omissions risk in today’s challenging market. Part of PIANJ’s Deep Dive...

Infrastructure series: Aviation initiatives are taking flight

Infrastructure series: Aviation initiatives are taking flight

by Danielle Caswell, Esq. | Nov 5, 2024 | General News

The holidays are fast approaching, and with millions of Americans expected to travel in the upcoming months, we are once again reminded that many of our nation’s airports are quite insufficient and lag behind competitors. Airports serve as critical hubs for trade and...

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...

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