The Infrastructure Investment and Jobs Act of 2021 represents a significant step toward modernizing the United States’s infrastructure, with a strong focus on improving water systems. Among its key provisions is the allocation of funds aimed at eliminating the use of...
The start of New York state’s legislative session is traditionally a time when lawmakers revisit bills that didn’t cross the finish line the previous year. It’s also when they refine previously passed laws through a process called chapter amendments. This process is...
The start of New York state’s legislative session comes with its fair share of traditions and responsibilities. From the swearing-in of new assemblymembers and senators to the unveiling of committee rosters, these rituals set the stage for the year ahead. Last week,...
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legislative session, PIACT is sharpening its focus on advocating for reforms that will enhance efficiency, modernize outdated practices and provide better protections for insurance consumers throughout the state.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...
Sen. Jamaal T. Bailey has been named chair of the New York State Senate Insurance Committee, a role that will position him to shape legislation affecting the state’s insurance industry. Representing New York’s 36th state Senate District since 2016, Bailey’s...
The passage of the Infrastructure Investment and Jobs Act in 2021 represents one of the most significant investments in U.S. infrastructure in decades. Allocating $1.2 trillion over 10 years, the act emphasizes modernizing transportation systems, repairing aging...
The Corporate Transparency Act became law on Jan. 1, 2021, and it officially took effect on Jan. 1, 2024. The legislation was introduced to enhance transparency in entity ownership structures to combat money laundering, tax fraud, and other illicit activities. It...
Only a few weeks after signing PIANY’s top legislative priority into law, Gov. Kathy Hochul has taken action on two other PIANY priority issues. The governor signed one bill to introduce parametric insurance into the state’s legal framework, and another bill to expand...
The Corporate Transparency Act is officially here, with significant implications for businesses nationwide. This new law aims to enhance corporate accountability by requiring certain companies to report their beneficial ownership information to the Financial Crimes...
Gov. Kathy Hochul has signed A.2866/S.4199 into law, authorizing the New York State Department of Financial Services to create a single, standardized definition of “windstorm” in homeowners insurance policies. This long-awaited legislation marks a significant...