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...
Don’t wait for the storm: Common claim pitfalls agents can avoid
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...
N.Y.: FRAUD Act would target staged accidents, protect honest policyholders
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,...
N.Y.: TED Part CC: Protecting market stability—why it misses the mark
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....
PIACT recommends technical fixes to bill for service-animal protections
Connecticut lawmakers are once again revisiting an issue that sits right at the intersection of insurance underwriting and consumer protection: how insurers treat policyholders who own certain dog breeds. This session, H.B.Raised Bill 5264 would propose new...
N.Y.: Bring fairness and accountability to aerial imagery in homeowners insurance
Technology is reshaping property underwriting, and aerial imagery now is a routine part of how carriers assess risk. From satellite photography to high resolution flyovers, insurers have more data than ever before about the condition of insured...
Nobody’s home—but you still need insurance
There are many reasons why homeowners leave their homes vacant for prolonged periods of time. For example, they could own multiple properties and live in them based on the season—someone could have property in Florida when it gets too cold in the Northeast, and vice...
N.H.: State suspends vehicle inspection program, its effect on agents and policyholders
New Hampshire’s vehicle inspection program is officially suspended. While the message to drivers is straightforward, the broader implications deserve a closer look from the insurance community. Recently, the New Hampshire Department of Justice and Department of...
N.Y.: TED Part BB: A once-in-a-generation opportunity to improve premium transparency
In PIANY’s recent overview of Gov. Kathy Hochul’s Transportation, Economic Development and Environmental Conservation (TED) budget proposals, we outlined several insurance-related measures that could affect the personal lines marketplace in New York state...
Rodents, insurance and you: how is your coverage?
Rodents—from squirrels to mice—can pose a threat to your house or car. By nesting near or in your home and car, rodents can damage your property over time. They can gnaw wires, insulation and anything else they can chew. If this happens … do you know how your...