A noncompetition agreement, or noncompete agreement, is nothing new in the world of business. These agreements prohibit an employee from working for competitors or opening competing businesses, typically for a certain period of time after an employee leaves a job. In...
Nearly a decade ago, New Jersey witnessed the inherent dangers posed by rapidly spreading fires—the catastrophic 2015 Avalon Apartment fire in Edgewater, which thankfully caused no injuries or deaths. However, the incident still lingers vividly in the minds of the New...
Coming off an expensive statewide ballot election featuring all 120 elected Assemblymembers and Senators, the New Jersey state Legislature’s lame duck session currently is in full swing. On Nov. 30, 2023, Senate President Nicholas Scutari, D-22,...
PIANY Director of Government & Industry Affairs Bradford J. Lachut, Esq., along with other industry representatives, testified this morning on extreme weather and the resiliency of the property/casualty insurance marketplace. The hearing was jointly hosted...
I received a deadline of Sept. 29 to finish and submit this article—it was assigned to me on Sept. 15. Having a 14-day window to draft an article for PIA Northeast News & Media is more than enough time. Coincidently, those 14 days also signify the time frame my...
Like most things, insurance policies should be straightforward to understand. If you were to educate yourself about policies or ask your independent agent to clarify something, it shouldn’t lead to you agonizing over the details. In the case of homeowner’s insurance...
Representatives of your association traveled to the halls of the Department of Banking and Insurance in Trenton on Oct. 4, 2023, to discuss PIANJ’s legislative and regulatory priorities, as well as advocate for independent insurance producers across the Garden State....
The 2023 New York legislative session was a successful one for independent insurance agents. In 2023, PIANY saw not one, but two, of the association’s top priorities pass the Legislature! The advocacy of insurance agents, like yourself, has been critical in getting...
New Jersey Assemblymember William B. Sampson IV, D-31, introduced A-5696 on May 18, 2023. This bill would require renters insurance for individuals entering or renewing a lease for a dwelling unit. The legislation defines dwelling unit as any room, or group of rooms,...
The top legislative priority for PIACT—during the 2023 legislative session—was the passage of legislation that would make small, but critical changes to the process for placing insurance policies in the nonadmitted marketplace. That legislation, H.B.6621, successful...