Staged construction accidents have become a growing concern in New York, significantly affecting the property/casualty insurance sector. This fraudulent activity undermines the integrity of the construction industry and leads to substantial financial repercussions for...
Recently, the Department of Banking and Insurance released Bulletin No. 24-10, requiring all insurers authorized or admitted to sell property/casualty insurance in New Jersey to participate in a comprehensive survey on low-income housing discrimination. Facing...
Artificial intelligence and automation have made headline news in recent years. The meteoric rise of generative AI for content creation has some folks worried about the proliferation of fake news, while others have hailed the inception of large language models as the...
Addiction rehabilitation centers face unique risks and challenges in their operations. It’s important to ensure that your rehabilitation center clients have the right insurance coverage to protect against these risks. This guide will help your clients understand the...
In a significant development for New York state's insurance industry, Adirondack Insurance Exchange has announced its decision to exit the state's insurance marketplace. This move comes as AIE faces ongoing financial difficulties and a deteriorating capital...
In a significant move impacting the insurance landscape, AmGUARD Insurance Co., has announced its decision to withdraw from the personal-lines marketplace for admitted business nationwide, effective July 8, 2024. Most notably, this decision will affect homeowners and...
Recently, the Supreme Court of New Jersey reversed a lower court decision in the case of Alejandra Padilla v. Young Il An, holding that all commercial property owners, including owners of vacant commercial lots or lots where there is no active business being...
Vermont will enforce a new law aimed at curbing retail theft by increasing penalties for offenders, effective July 1, 2024. This new law is a response to rising concerns over retail theft and its impact on businesses and communities. Here's what you need to know about...
Running a business as a limited liability company adds a layer of protection for personal assets. However, long-term risks and transitions, such as dissolution, can make a business vulnerable. As an agent, you can guide business owners toward the best choices. By...
Recently, the New York state Senate passed A.10362B/S.9327 which, if signed into law, would amend the Insurance Law concerning the authorization and regulation of owner-controlled and contractor-controlled insurance programs. This bill, introduced by Sen. Sean Ryan,...