Summer is officially here, which means wedding season for many individuals across the country. But with the average couple spending about $30,000 on their special day, insurance professionals can help to offer peace of mind to their clients by discussing the security insurance provides if something goes wrong. Special event coverage, otherwise known as wedding […]
With climate change set to raise the temperature of the planet dramatically, the frequency of natural disasters is increasing. The insurance industry is struggling to keep up with skyrocketing homeowners insurance claims. For example, drought conditions in California...
PIANY’s legislative priority for the 2023 is enactment of legislation that would require that insurance companies attempt to verify a drivers’ driving history prior to binding a personal automobile insurance policy. This legislation got a giant step closer to becoming...
The United States District Court for The District of New Jersey issued a decision on May 16, 2023, that will—at least temporarily—suspend enforcement of an insurance requirement for those applying for a firearm-carry permit for in the state. The case of...
The colloquial term “bait and switch” is used to describe when an insurance company verifies an insurance applicant’s driving history after the applicant has paid the premium on a personal auto policy. Legislation that would ban this harmful practice passed the state...
The New York Legislature certainly has been active on PIANY priority-issues. PIANY’s top priority photo inspection bill passed the Legislature late last month. This week, another PIANY priority passed the state Assembly, which deals specifically with windstorm...
For years, we have been writing personal auto policies that afford 30 days of rental reimbursement coverage at various daily limits. And for years, this was enough coverage. If a vehicle was damaged in an accident, the insured could expect the garage of his or her...
I’m not sure if you noticed, but prices went up in 2022. After decades of low inflation, the dams burst last year—and the United States experienced the highest inflation since the Carter Administration. In order to combat this historic inflation, the U.S. Federal...
It is a good day for PIANY members! On Monday, the New York state Assembly unanimously passed A.4688, which would restrict the adverse “bait-and-switch’ practice in personal auto insurance. Bait and switch is the colloquial term used to describe when an insurance...
Two of PIANY’s top legislative priorities were on the agenda of the New York state Assembly Insurance Committee and both were reported out of committee today. Here is a little more about the bills that passed and what comes next: Photo inspections PIANY’s top...