Recently, the New York state Legislature has passed two significant bills poised to reshape the landscape of property/casualty insurance within the state. These legislative advancements address crucial issues in business interruption coverage and anti-concurrent...
Business interruption was the insurance buzzword for much of the COVID-19 pandemic. Many business owners closed their businesses without experiencing physical damage to their property. Insureds who sought coverage for interruption of their businesses...
Recently, claims management has had a hard and unmissable shove into the future. With the growing emphasis on digital transformation and the rise of InsurTechs, it’s nearly impossible to manage claims—or even exist—in the property/casualty insurance industry without...
COVID-19 is not the first communicable disease to reveal just how susceptible the world still is to severe impact from germs. Modern medicine had seemingly veiled society from diseases like polio, tuberculosis, and influenza. However, even today we see outbreaks of...
Hard market refers to a high demand for insurance and a decreased desire to insure. A soft market marks the opposite, when the demand for insurance coverage and competition in the market is minimal. The COVID-19 pandemic caused global economic hardship. The U.S. is...
Well, that was weird. The COVID-19 pandemic certainly has changed the way we work. While employees are returning to the office after two years of remote working, not everything is returning to normal. Many employers are adopting hybrid-working schedules, which allow...
For any businessperson, networking is one of the most important things that must be done. This is even more so for entrepreneurs. Whichever field your business is in, the more contacts you have, the more opportunities you may have to collaborate with other brands,...
This year has been characterized as the year when life could—hopefully—begin to assume some semblance of normalcy. However, for several reasons, 2022 is shaping up to be anything but a normal year in Connecticut state politics. A short session, federal funding...
Gov. Kathy Hochul ended New York state’s mask requirements for indoor public spaces on Feb. 10, 2022. However, counties and municipalities such as New York City still may choose to enforce their own orders, and businesses in the state still can require masks or proof...
Gov. Kathy Hochul is expected to let New York’s indoor mask requirement expire on Thursday. Hochul announced in December that masks would be required to be worn in all indoor public places across New York state—unless businesses/venues implement a...