I’m a coastal agent who insures a lot of secondary homes. At my agency, I have been watching water-damage claims closely for years. When our area gets a deep freeze, we do have a fair number of large claims due to water damage. However, weather is only a part of...
The New York State Department of Financial Services announced today that it has finalized changes to the continuing-education requirements for insurance producers. What’s new? All licensees will be required to take at least: one hour of insurance law per licensing...
Not up-to-date with the Federal Emergency Management Agency’s new Risk Rating 2.0? Consider this a crash course in the new flood rating methodology, which will be rolled out in two phases starting Friday, Oct. 1, 2021. Risk Rating 2.0 is an innovative theory, and we...
Following confusion over insurance claims after major, hurricane-strength storms, PIANY has made the standardization of windstorm deductible triggers a legislative priority to clarify the definition of windstorm. How a windstorm is defined can make a substantial...
Hurricane Irene and Hurricane Sandy made Northeast landfall in 2011 and 2012, respectively. Collectively, they caused over $83 billion in damages, and caused more than 300 deaths. And, this year, meteorologists and hurricane researchers are predicting an above average...
As part of PIA’s Virtual Advocacy Day last Wednesday, PIACT and CTYIP leaders met with staff members from the offices of Sen. Chris Murphy, D-Conn., Sen. Richard Blumenthal, D-Conn., Rep. John Larson, D-1, and Rep. Jim Himes, D-5. PIACT and CTYIP leadership included...
The New York State Department of Financial Services has taken the first step to amend the continuing-education requirements for insurance producers. What’s new? The DFS is proposing that all licensees be required to take at least: One hour of insurance law One hour of...
PIANY leaders met with their congressional representatives and staffers from the offices of 10 New York representatives from May 11-13. These meetings were part of PIA National’s PIA Advocacy Day. Discussions focused mainly around four key issues: flood insurance,...
PIANH President Lyle W. Fulkerson, Esq., and PIANH President-elect, Keith T. Maglia, met with representatives from each of New Hampshire’s congressional offices—including a thorough discussion with Democrat Rep. Chris Pappas—last Wednesday to discuss PIA’s federal...
Each year, PIANY tackles legislation that its members identify as vital to the insurance industry, their clients and their businesses. They become PIANY’s legislative focus for the legislative session. In the first quarter of 2021, activity centered on these PIANY...