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Connecticut’s proposed flood disclosure law: What insurance producers need to know

Connecticut’s proposed flood disclosure law: What insurance producers need to know

by Bradford J. Lachut, Esq. | Feb 12, 2025 | Advocacy, Featured, General News

To increase transparency around flood risk and encourage climate resilience, Connecticut lawmakers have introduced S.B.1245—An Act Establishing a Resilient Connecticut Strategy. If passed, this bill would bring significant changes to how flood insurance is disclosed...

PIANY legislative watch: key bills for the 2025-26 session

PIANY legislative watch: key bills for the 2025-26 session

by Bradford J. Lachut, Esq. | Feb 11, 2025 | Advocacy

PIANY is actively tracking key legislation in the 2025-26 session that could impact the insurance industry. Below is a roundup of the bills we’re watching, grouped by PIANY priorities, and other important industry-related legislation. Click on each bill to read more...

Infrastructure series: Clean water initiatives and property insurance—the IIJA’s impact

Infrastructure series: Clean water initiatives and property insurance—the IIJA’s impact

by Danielle Caswell, Esq. | Feb 10, 2025 | General News

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...

N.Y.: Expanding C-MAP—A legislative step forward for Hudson River properties

N.Y.: Expanding C-MAP—A legislative step forward for Hudson River properties

by Bradford J. Lachut, Esq. | Feb 10, 2025 | Advocacy, Featured, General News

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...

Market Trend Survey 2024: Insights on premiums, underwriting and nonrenewals

Market Trend Survey 2024: Insights on premiums, underwriting and nonrenewals

by Shirley Albright, CPIA, CISR | Jan 24, 2025 | Technical

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...

N.Y.: Addressing insurance costs, disaster preparedness: A look at Hochul’s initiatives

N.Y.: Addressing insurance costs, disaster preparedness: A look at Hochul’s initiatives

by Bradford J. Lachut, Esq. | Jan 23, 2025 | General News

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,...

Conn: Bill would ban credit history as an underwriting factor for homeowners insurance

Conn: Bill would ban credit history as an underwriting factor for homeowners insurance

by Danielle Caswell, Esq. | Jan 22, 2025 | Advocacy, Featured, General News

To enhance consumer protections and promote fairness, a new bill has been introduced in Connecticut that would impact what factors insurers can use in underwriting. If passed, this legislation would amend Title 38a of the general statutes and would prohibit insurers...

N.Y.: Anti-arson applications: Outdated, burdensome and harmful to consumers

N.Y.: Anti-arson applications: Outdated, burdensome and harmful to consumers

by Bradford J. Lachut, Esq. | Jan 15, 2025 | Advocacy

For decades, New York’s Section 3403 of the Insurance Law has required property owners to complete an annual anti-arson application as a condition for obtaining property insurance coverage for fire or explosion damages. While this mandate was created in the late 1970s...

PIANY legislative watch: key bills for the 2025-26 session

PIANY’s 2025 legislative priorities: Advocating for change in New York’s insurance landscape

by Bradford J. Lachut, Esq. | Jan 8, 2025 | Advocacy, Featured

As we kick off 2025, PIANY has unveiled its legislative priorities for the year. These initiatives aim to modernize New York state’s insurance regulations, reduce administrative burdens, and promote fairness and transparency. Let’s take a closer look at the key areas...

Roommates: Not just for college anymore

Roommates: Not just for college anymore

by Matt McDonough | Dec 26, 2024 | Consumer-focused, Featured

A 2018 Pew Research Center study cited that nearly 1-in-3 U.S. adults live with at least one adult roommate. Now that inflation and everyday costs are spiking, you may be in the market for a roommate to defray some of your expenses. Who doesn’t want to pay half of the...

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