The opening line of William Shakespeare’s Richard III is an oft-quoted line—often used to express sadness. You know, how you feel when another agency agreement comes across your desk. I know that agency agreements are no one’s favorite thing. You would much rather...
Berkshire Hathaway GUARD Insurance to cease writing certain HO risks
Berkshire Hathaway GUARD Insurance Cos. announced it will no longer write certain classes of homeowners’ risks. In a notice sent to GUARD agencies at the end of June, the carrier stated it would no longer accept new submissions for homeowners coverage for any property...
Guidance through the claims process: A carrier’s perspective
Independent agents have relationships with various insurance carriers. Each carrier has its own set of tools and resources to help agents educate their clients about what will happen when they file a claim—before, during and after. By working together, agents and...
The Great Resignation—why insurance agencies should take note
According to the U.S. Bureau of Labor Statistics, nearly 33 million U.S. employees have resigned from their jobs since April 2021. In November 2021 alone, 4.5 million workers resigned. For many reasons, individuals in the U.S. are reevaluating their employment—and...
CPIA: Designated for success
When independent insurance agents earn specialized designations, they elevate their skills to expert status on the national level. There are plenty of designations that insurance agents can earn, and the Certified Professional Insurance Agent designation through the...
N.Y.: Gov. Hochul ends public indoor mask rule; NY HERO Act still active
Gov. Kathy Hochul ended New York state’s mask requirements for indoor public spaces on Feb. 10, 2022. However, counties and municipalities such as New York City still may choose to enforce their own orders, and businesses in the state still can require masks or proof...
N.Y.: New York cyber-compliance certification due April 15
New York’s Cybersecurity Regulation (23 NYCRR 500) requires all insurance entities that hold a New York state insurance license—referred to as covered entities in the regulation—to file a certification of compliance with the New York Department of Financial Services...
N.Y.: Gov. Hochul expected to end indoor mask requirements Thursday
Gov. Kathy Hochul is expected to let New York’s indoor mask requirement expire on Thursday. Hochul announced in December that masks would be required to be worn in all indoor public places across New York state—unless businesses/venues implement a...
NYDFS stresses the importance of using multi-factor authentication correctly
Multi-factor authentication is a method of authenticating users on an information system and requires them to go through multiple steps to access that information system. Commonly, this is accomplished through a combination of a username and password, followed by a...
Conn.: New punitive damages safeguard: Are you protected?
In July, Gov. Ned Lamont signed Public Act 21-119—which went into effect in Oct. 1, 2021, and protects Connecticut businesses in all industries from punitive damages if there is a cyber-breach that leads to the unauthorized access of personal or restricted...