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PIANY pushes to protect consumers from predatory litigation financing, bill passes Senate

PIANY pushes to protect consumers from predatory litigation financing, bill passes Senate

by Danielle Caswell, Esq. | Feb 14, 2025 | Advocacy

As the New York state Legislature convenes for its new session, new bills and regulatory proposals are being introduced, and PIANY is carefully assessing their potential impact on the insurance industry to shape its advocacy priorities for the year ahead. In doing so,...

PIANY legislative watch: key bills for the 2025-26 session

PIANY legislative watch: key bills for the 2025-26 session

by Bradford J. Lachut, Esq. | Feb 11, 2025 | Advocacy

PIANY is actively tracking key legislation in the 2025-26 session that could impact the insurance industry. Below is a roundup of the bills we’re watching, grouped by PIANY priorities, and other important industry-related legislation. Click on each bill to read more...

The future of e-bike regulation in New York: Three bills that could change the rules

The future of e-bike regulation in New York: Three bills that could change the rules

by Bradford J. Lachut, Esq. | Feb 11, 2025 | Advocacy, Featured, General News

E-bikes and e-scooters have become an essential part of New York state’s transportation network, offering a low-cost, eco-friendly alternative to cars. Yet, their growing presence on the streets also has sparked debates over safety, liability and regulation. In...

PIANY legislative watch: key bills for the 2025-26 session

PIANY’s fight against insurance fraud: lowering premiums for consumers

by Bradford J. Lachut, Esq. | Jan 30, 2025 | Advocacy

High insurance premiums are a growing concern for both policyholders and insurance professionals. While many factors contribute to rising costs, fraud and legal loopholes often play a significant role. That’s why PIANY is advocating for legislative reforms that target...

Conn: Bill would ban credit history as an underwriting factor for homeowners insurance

Conn: Bill would ban credit history as an underwriting factor for homeowners insurance

by Danielle Caswell, Esq. | Jan 22, 2025 | Advocacy, Featured, General News

To enhance consumer protections and promote fairness, a new bill has been introduced in Connecticut that would impact what factors insurers can use in underwriting. If passed, this legislation would amend Title 38a of the general statutes and would prohibit insurers...

PIANY legislative watch: key bills for the 2025-26 session

Sen. Jamaal T. Bailey: Chairing the New York State Senate Insurance Committee

by Bradford J. Lachut, Esq. | Jan 16, 2025 | Advocacy, Featured

Sen. Jamaal T. Bailey has been named chair of the New York State Senate Insurance Committee, a role that will position him to shape legislation affecting the state’s insurance industry. Representing New York’s 36th state Senate District since 2016, Bailey’s...

N.Y.: Anti-arson applications: Outdated, burdensome and harmful to consumers

N.Y.: Anti-arson applications: Outdated, burdensome and harmful to consumers

by Bradford J. Lachut, Esq. | Jan 15, 2025 | Advocacy

For decades, New York’s Section 3403 of the Insurance Law has required property owners to complete an annual anti-arson application as a condition for obtaining property insurance coverage for fire or explosion damages. While this mandate was created in the late 1970s...

PIANY legislative watch: key bills for the 2025-26 session

PIANY’s 2025 legislative priorities: Advocating for change in New York’s insurance landscape

by Bradford J. Lachut, Esq. | Jan 8, 2025 | Advocacy, Featured

As we kick off 2025, PIANY has unveiled its legislative priorities for the year. These initiatives aim to modernize New York state’s insurance regulations, reduce administrative burdens, and promote fairness and transparency. Let’s take a closer look at the key areas...

Infrastructure series: Transportation spending and its impact on insurance

Infrastructure series: Transportation spending and its impact on insurance

by Bradford J. Lachut, Esq. | Jan 8, 2025 | Featured, General News

The passage of the Infrastructure Investment and Jobs Act in 2021 represents one of the most significant investments in U.S. infrastructure in decades. Allocating $1.2 trillion over 10 years, the act emphasizes modernizing transportation systems, repairing aging...

Corporate Transparency Act: What agents need to know after recent court ruling

Corporate Transparency Act: What agents need to know after recent court ruling

by Shirley Albright, CPIA, CISR | Dec 19, 2024 | Featured, Technical

The Corporate Transparency Act became law on Jan. 1, 2021, and it officially took effect on Jan. 1, 2024. The legislation was introduced to enhance transparency in entity ownership structures to combat money laundering, tax fraud, and other illicit activities. It...

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