The New York state legislative session concluded last week. It was a session that started like no other and ended like virtually every other session previously. The COVID-19 pandemic was ever-present during this legislation session—it impacted not only what business...
Legislation (S-3899/A-5901)–introduced by Sen. Joseph P. Cryan, D-20, and Assembly Financial Institutions and Insurance Committee Chair John McKeon, D-27, last week and this week, respectively—would prohibit the use of ‘step-down’ provisions in personal automobile...
During the 2021 New York legislative session, PIANY advocated for passage of S.6028/A.6877—sponsored by Sen. Neil D. Breslin, D-44, and Assemblyman Kenneth Zebrowski, Jr., D-96, respectively—which would allow insurance companies to make photo inspections of...
New York insurance producers are no strangers to electronic delivery of insurance documents—during the COVID-19 pandemic, sending documents electronically became the easiest and safest way to connect with clients. However, certain legal restrictions in the state...
The Connecticut Legislature is down to the finish line for its 2021 legislative session, and PIACT is watching H.B.6391, which would make a number of changes to the Insurance Data Security Law, including redefining nonpublic information under the law, and...
Assemblywoman Stacey Pheffer Amato, D-23, represents Broad Channel, Hamilton Beach, Howard Beach, Lindenwood, Ozone Park and the Rockaway Peninsula in Queens. Audrey I. Pheffer—Pheffer Amato’s mother—held the same Assembly seat for 25 years. After Pheffer Amato’s...
PIANY priority legislation to address and curtail the issue of bait and switch in the auto insurance market has been reported out of the New York state Assembly Insurance Committee (23-0). The legislation, A.1809, would prohibit insurance carriers from rerating...
Legislation to streamline the process of placing commercial policies in the excess-lines market has passed the New York state Senate (63-0) on May 24. The bill (S.498A) would simplify the excess-lines affidavit that producing brokers must complete as part of the...
While I was looking at appliances in Home Depot this week, an announcement throughout the store warned shoppers that any house built before the 1970s still may have lead-based paint on the walls and posing a risk to residents. This risk extends to many houses across...
As many of you know, the federal government established the Paycheck Protection Program to help businesses with payroll and other operating expenses during the COVID-19 pandemic. The PPP loan was designed to be forgiven, but what legislators did not take into...