If you’re hearing more about social inflation, and wondering how it’s impacting your clients—and your bottom line—you’re not alone. That’s exactly why PIANJ hosted a recent Deep Dive Panel titled “Behind the Verdict: How Litigation Trends Are Driving Insurance Costs.”...
The personal-lines insurance market in the Northeast has been anything but predictable. From underwriting volatility to shifting policy terms, agents are facing a landscape that demands agility, insight and support. Earlier this month, I had the opportunity to speak...
Gov. Kathy Hochul has vetoed S.4963/A.1572, legislation that would have required the New York State Department of Financial Services to establish standardized definitions for commonly used terms in personal- and commercial-lines insurance policies. While the...
For the third consecutive legislative session, PIANY saw its top legislative priority go from an idea to a reality. Gov. Kathy Hochul has signed A.112/S.4157, a bill that repeals the outdated anti-arson application requirements in New York City, the last municipality...
Nobody wants to pay more for car insurance than they need to, but the lowest price won’t always get you the coverage and protection you and your family need. There are many things standard auto policies will not cover, and after an accident is not the time to find out...
I want to talk about cat events. No. This isn’t related to a grouping of our feline friends, rather it’s the term most insurance companies use to describe an area-wide catastrophic weather event—such as the floods that hit Tennessee, Texas, North Carolina, parts of...
Halloween is almost here, which means trick-or-treaters, fun costumes, lots of candy and, unfortunately, an uptick in vandalism and crime. There are many reasons why crime increases on Halloween. In general, there is an uptick in crime on holidays because people leave...
With hurricane season underway, and Congress still negotiating a continuing resolution to fund the federal government, insurance agents should be prepared for the possibility of a lapse in the National Flood Insurance Program. Currently, the NFIP is set to expire Tuesday, Sept. 30, 2025. A short-term flood extension bill has been attached to the stalled CR, raising concerns about what could happen if lawmakers don’t act in time.
Cleaning up your house or building after it has been damaged by a storm is not as simple as it may seem, but there are safety precautions you can observe to ensure the job goes smoothly after the storm. Before you even begin the clean-up process, always remember to...
In a significant decision for Connecticut insurance professionals, the Connecticut Supreme Court has clarified the obligations of insurance brokers regarding policy nonrenewal notifications. The ruling in Deer v. National General Insurance Co., offers new guidance on a question that has long vexed producers: What, if any, duty does a broker have to notify clients when their homeowners insurance policy is not renewed?