If you write contractor business in Connecticut or New Jersey with Liberty Mutual, there’s an important change coming that could affect your clients—and your book of business. As part of its efforts to manage risk exposure in New York state, Liberty Mutual has...
The insurance industry just got a loud knock on the door. Carriers like Erie Insurance, Philadelphia Insurance Cos., and AFLAC are all reportedly grappling with the fallout from major cyberattacks—likely launched by the hacker group known as Scattered Spider. These...
In a recent meeting with PIANJ leadership, Brian Lytwynec, president and chief executive officer; and Jon Zabek, executive vice president membership growth and chief data scientist from Franklin Mutual Insurance Group provided valuable insights into the carrier’s plans for the future. Featured in the photo from left to right: Brian Lytwynec, president and chief executive officer of Franklin Mutual Insurance Group; and Jon Zabek, executive vice president membership growth and chief data scientist of Franklin Mutual Insurance Group.
PIA Northeast would like to congratulate the following individuals for winning the drawing from our recent PIA Northeast Company Representation Survey: David Gazaway Jr., Allied Insurance Agency Inc., Bow, N.H.; Tom Massotti, High Ridge Agency, Stamford, Conn.; John...
Insurance is meant to protect you when unexpected events happen, but what happens if your insurance company goes out of business? That’s where the New York insurance guaranty fund comes in. This fund is designed to protect policyholders and ensure that claims are paid...
The hard market has been a recurring topic of conversation over the last several months as something impacting insurance producers nationwide significantly. Diving further into the topic, the recent pattern of carrier withdrawals from various markets has become rather...
Dear PIANY members, I’m writing to you to discuss the recent announcements from Adirondack Insurance Exchange and AmGuard Insurance Co., regarding their decisions to withdrawal from specific insurance marketplaces. When the announcement was made, an email was sent to...
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...
In the 2023 E&S edition of PIA Magazine, I wrote about the perils and pitfalls that insurance producers face when placing business in the nonadmitted—or excess & surplus lines—marketplace through the lens of Lord of the Rings. [EDITOR’S NOTE: You can access...