As the world keeps changing, what does it take to reimagine what’s possible for your agency’s future—and make it happen? How can you do this not just once but repeatedly to stay relevant as the business environment evolves? This question is on the minds of many agency...
The New Jersey Department of Labor and Workforce Development has introduced a proposed regulation—N.J.A.C. 12:11—that would codify and expand its interpretation of the “ABC test” that is used to determine whether a worker is classified as an employee or an independent...
If there’s one universal truth in the insurance industry, it’s this: change is inevitable,[1] and uncertainty is just part of the package. One minute, you’re navigating a stable market; the next, new regulations, economic swings or technological breakthroughs are...
There’s a reason you keep hearing that the insurance industry is stable. It’s not just a talking point. In a world in which so many professions are fading into gig work or being overtaken by algorithms, insurance has quietly remained one of the few sectors offering...
With competition at an all-time high, many agencies face the dual challenge of attracting new hires and keeping their current employees engaged and productive. Let’s review some strategic insights and actionable tactics to help you navigate the talent crunch—ensuring...
Today’s job market is more competitive than we’ve seen in a long time. Candidates have options, which is why businesses are hyper-focused on doing everything they can to attract and retain top talent. They’re finding out they must do more than just offer competitive...
Understanding a broad array of company attributes can offer insurance agencies insight to scale their organizations effectively. Small- to mid-sized agencies face unique challenges and opportunities that require tailored strategies, structures and leadership...
The Vermont Department of Financial Regulation approved the revised workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance—consisting of an overall 7.4% decrease. In addition, a decrease of 11.3% of the overall assigned...
A bill that was reported out of the Senate Labor Committee in New Jersey, S-1688, would, if passed, further restrict the use of nondisclosure and nondisparagement agreements in employment contracts—particularly in cases involving discrimination, retaliation or...
PIANY is championing two key legislative initiatives—Bills S.5320 and S.5327, which would improve the way businesses and brokers interact with the New York State Insurance Fund. These bills would ensure fair compensation for insurance brokers and eliminate unnecessary...
