The effort to modernize Connecticut’s excess-and-surplus lines insurance process has taken a major step forward. The Joint Committee on Insurance and Real Estate has officially released, H.B.6981, with PIACT’s proposed changes fully incorporated—a crucial win for...
PIACT members and staff testified before the Connecticut General Assembly’s Insurance and Real Estate Committee in strong support of H.B.6981 on Feb. 27, 2025. This legislation would remove the due-diligence requirement for placing risks in the nonadmitted insurance market when done through an unaffiliated surplus-lines broker. PIACT was represented by Treasurer Kathleen Bailey, CPIA, ACSR, CLCS; past President James Berliner, CPCU; Member Raymond Chase, CLCS; and PIACT Director of Government & Industry Affairs Bradford J. Lachut, Esq. (pictured above.)
For insurance brokers in New York state, placing coverage in the excess-line market has long come with extra paperwork, delays and regulatory hurdles. Supported by PIANY, the bill S.5310 would eliminate an outdated requirement that no longer serves brokers or their...
PIACT is kicking off this year’s District Office Visit Program. This initiative is your chance to engage directly with state legislators—advocating for the issues that matter most to professional, independent insurance agents like you. Whether conducted in-person or...
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...
As we enter the 2025 legislative session, PIACT is sharpening its focus on advocating for reforms that will enhance efficiency, modernize outdated practices and provide better protections for insurance consumers throughout the state. Among the organization’s top...
I have the perfect remedy for insomnia. When I can’t sleep, I reach for my smartphone and earbuds and start playing a random episode of History Channel’s Ancient Aliens. Ten minutes into a monotonous analysis of alleged alien spacecrafts depicted in ancient stone...
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...
The 2023-24 legislative session in New York saw a flurry of activity, with legislators in both houses passing hundreds of bills. Despite this progress, several bills on PIANY’s radar did not pass the Legislature. Some bills passed one house but not the other, while...
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...
