The Connecticut Insurance Department has issued Bulletin PC-92-25 to clarify and update the rules for personal-lines insurance rate filings under the state’s flex-rate filing provisions. What is flex rating? Flex rating allows insurers to adjust rates for...
Is your agency prepared for the impact of new cyber security regulations and cyber policy restrictions? Nov. 1, 2025, is a key date when the bellwether New York Department of Financial Services cyber security regulations will take effect for Class A companies. No,...
PIANJ previously alerted members to a deeply concerning regulatory proposal from the New Jersey Department of Labor and Workforce Development. This proposal—N.J.A.C. 12:11—would dramatically expand the state’s interpretation of the “ABC test” for classifying...
The New Jersey Department of Labor and Workforce Development has introduced a proposed regulation—N.J.A.C. 12:11—that would codify and expand its interpretation of the “ABC test” that is used to determine whether a worker is classified as an employee or an independent...
Beginning Thursday, May 1, 2025, the next wave of cyber security compliance requirements under the amended New York State Department of Financial Services’ regulation (23 NYCRR 500) will go into effect. These rules will apply differently depending on your exemption...
Those individuals who hold a New York state insurance license (covered entities), including nonresident licensees, have until Tuesday, April 15, 2025, to certify their compliance with the requirements of New York state’s cyber security regulation (23 NYCRR 500) for...
A.5811, a bill recently introduced to the New York state Assembly, would shine a light on how insurers handle liability coverage under the state’s infamous “Scaffold Law” (Labor Law Section 240). This law holds property owners and contractors absolutely liable for...
On Feb. 11, 2025, the Department of Banking and Insurance issued Bulletin No. 25-03 to clarify how artificial intelligence may be used in insurance operations within the state. The message is clear: while innovation is welcome, consumer protection remains paramount....
A recent report from a Long Island news outlet highlighted an all-too-familiar pain point for consumers and insurance professionals alike: the surge in auto insurance premiums. While inflation, vehicle costs and repair expenses are contributing factors, one...
PIANY is backing a new legislative proposal that would allow the Department of Financial Services to hire consultants to assist in reviewing insurance rate and form filings. The bill, S.5321, sponsored by Sen. Jamaal Bailey, D-36, would streamline the approval process...
