Amid growing concerns about the financial health and stability of the insurance marketplace, the personal-lines sector has experienced significant disruption, driven by carrier withdrawals and a rise in insolvencies. These developments are further constricting an...
Insur-pocalypse Now: Where’s your coverage?
The once-great country of the United States of America: A FanDuel™ Subsidiary,[1] and the world at-large are no more. City streets that once teemed with Starbucks-bound workers, dog walkers, and perpetual street construction have been replaced. A mishmash of punks,...
Play it smart this football and winter season
We are nearing the middle of football season, and the excitement of watch parties and the camaraderie of cheering on your team with friends and family continues. While football season is a time for fun, it can also introduce risks—not just on the field, but for...
N.J.: New bill would protect drivers from rate hikes for not-at-fault accidents
Drivers in New Jersey may soon have greater protection against insurance rate hikes for accidents for which they are not at-fault. Bill S-3717 was drafted to amend the state’s Insurance Law to prevent automobile insurers from penalizing drivers involved in accidents...
Spooky insurance, part I: Paranormal activity and you
Now that it’s October, it’s time for everything pumpkin spice, Halloween décor and nightly thrills with your custom queue of horror media. This year, my favorite streaming apps have not disappointed; they’re loaded with fresh, new releases and spine-tingling...
Tremors & insurance: Or how I learned to start worrying and fear the worm
Sandworms. You may not recognize one on sight, but your brain does. They’ve been a fixture of pop culture since Frank Herbet’s seminal 1965 novel, Dune. Star Wars. Beetlejuice. Men in Black. Gargantuan worms that burrow through the ground bind all these works of...
PIANY-supported supplemental spousal liability amendments signed into law
The confusion surrounding supplemental spousal liability coverage in New York state, which began last year, has now been addressed. Gov. Kathy Hochul has officially signed legislation (A.9407-A/S.9021) into law, introducing important changes to SSL coverage in auto...
PIANY, DFS continue discussions on carrier exits from N.Y. marketplace
Last week, representatives from PIANY met with officials from the New York State Department of Financial Services for a second time this month to continue discussions on the impending exits of Adirondack Insurance Exchange and Mountain Valley Insurance Company from...
Back to school: why cyber bullying coverage is integral for teens and families
Where did the time go? It seems like summer began just yesterday ... As summer winds to a close and the excitement of a new school year builds, it's easy to get swept up in the rush of buying school supplies, meeting new teachers and planning your daily routines....
Understand each client’s needs: tailor policies
As an independent insurance agent, navigating the market and crafting an offer that stands out from the rest—an offer that can’t be dismissed easily—requires a deeper understanding of your client’s specific needs and business circumstances. If you're not focused on a...