When policyholders are facing nonrenewal or cancellation of their policies, it’s important that you—the agent—follow the rules when notifying them of the nonrenewal or cancellation. But, depending on the state in which you do business, the rules may differ. New York...
Following confusion over insurance claims after major, hurricane-strength storms, PIANY has made the standardization of windstorm deductible triggers a legislative priority to clarify the definition of windstorm. How a windstorm is defined can make a substantial...
This past legislative session, New York legislators aimed to change underwriting decisions by restricting insurance companies from refusing to issue or renew policies solely based on the breed of the dog. The legislation, A.4075/S.4254, also would prohibit insurers...
The ISO 2022 HO Program was examined for enhancements to coverage in the HO policy forms last month in ISO 2022 HO Program—Part I. This article will examine the restrictions introduced in the HO policy forms, a new policy form, and new enhancement and restrictive...
New legislation (S.7052) that would require complete disclosure of a defendant’s insurance documents in a personal-injury court case passed the state Senate and state Assembly on the last day of New York’s 2021 legislative session. What the bill would require If it is...
Legislation (S-3899/A-5901)–introduced by Sen. Joseph P. Cryan, D-20, and Assembly Financial Institutions and Insurance Committee Chair John McKeon, D-27, last week and this week, respectively—would prohibit the use of ‘step-down’ provisions in personal automobile...
PIANY priority legislation to address and curtail the issue of bait and switch in the auto insurance market has been reported out of the New York state Assembly Insurance Committee (23-0). The legislation, A.1809, would prohibit insurance carriers from rerating...
While I was looking at appliances in Home Depot this week, an announcement throughout the store warned shoppers that any house built before the 1970s still may have lead-based paint on the walls and posing a risk to residents. This risk extends to many houses across...
Another decade has passed since the Insurance Services Office Inc. 2011 HO Program debuted. Prior to that, it was the 2000 HO Program. Now comes the 2022 HO Program and I am more than a little excited about it. There are many interesting enhancements and limitations,...
Currently, there are 18 states (and Washington, D.C.) where recreational use of cannabis is legal and 37 states where medicinal use of cannabis is legal. New Jersey, New York and Vermont are among those states where recreational use of cannabis is legal, and...