Melting snow and spring rains can cause flooding—even in areas that aren’t prone to flood. Remember, even if you live in a “1-in-a-100-years” flood zone, this could be the year. You need to know: A standard homeowners policy will protect your home and your property in...
March is almost over, and the warm days of late spring and summer are just around the corner. Are you thinking of purchasing a boat to take advantage of beautiful weather days on the water? There are specific insurance questions you should answer before you sign on...
In our ongoing series examining the insurance-related proposals in Gov. Kathy Hochul’s Executive Budget, we’ve explored measures aimed at transparency, mitigation and litigation reform. Now, we turn to Part FF—a proposal focused on a less visible, but critically...
In our ongoing series examining the insurance-related proposals in Gov. Kathy Hochul’s Transportation, Economic Development and Environmental Conservation budget, we’ve looked at measures affecting transparency, market stability and mitigation....
PIACT has formally expressed its support for H.B.5373–An Act Concerning Premium Billing Notices for Personal Risk Insurance Policies. At a recent public hearing held by the Connecticut Insurance and Real Estate Committee, PIACT submitted testimony in support of the...
In our ongoing series examining the insurance-related proposals in Gov. Kathy Hochul’s TED budget, we’ve looked at how Part BB would strengthen premium transparency, and how other provisions could affect market stability. Now we turn to Part DD—an...
Two bills introduced by Sen. James Skoufis, D-42, are drawing attention in Albany and across New York state’s property/casualty insurance marketplace. While both focus on transparency and accountability, they...
In many markets, winter storms remain a leading driver for seasonal auto claims tied to snow and ice, even though many of these incidents are preventable with proper preparation and awareness. The risk is significant: According to the National Weather Service, there...
Insurance fraud is not a victimless crime. It drives premiums, strains underwriting capacity, and ultimately makes New York state less affordable for families, businesses and communities. A new proposal in Albany,...
In PIANY’s recent overview of Gov. Kathy Hochul’s Transportation, Economic Development and Environmental Conservation budget proposals, we outlined several insurance-related measures that could affect the personal lines marketplace in New York state significantly....