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President announces executive action on AI

President announces executive action on AI

by Matt McDonough | Oct 3, 2023 | Featured, General News

At the Fairmont San Francisco Hotel in San Francisco, President Joe Biden made remarks about technological development in the United States before he met with the President’s Council of Advisors on Science and Technology on Sept. 27. His remarks focused primarily on...

CID bulletin: Carriers’ responsibilities when they discontinue, reduce line of business

CID bulletin: Carriers’ responsibilities when they discontinue, reduce line of business

by Theophilus Alexander | Sep 28, 2023 | Featured, General News

In the insurance industry, rules, laws and regulations play a vital role in ensuring fairness and transparency. For insurance companies operating in Connecticut’s admitted and nonadmitted marketplaces, staying compliant with the law is not only a legal obligation, but...

Will the government reclassify marijuana?

Will the government reclassify marijuana?

by Theophilus Alexander | Sep 26, 2023 | Advocacy, Featured

On Aug. 30, 2023, Secretary of U.S. Department of Health and Human Services, Xavier Becerra authored a letter to the Drug Enforcement Administration recommending that marijuana be reclassified from a Schedule I to Schedule III drug under the Controlled Substances Act....

ICYMI: DOBI publishes amendments to CE regulations 

ICYMI: DOBI publishes amendments to CE regulations 

by Bradford J. Lachut, Esq. | Aug 23, 2023 | Advocacy, Education

For the last three years, PIANJ has worked with the Department of Banking and Insurance to add amendments to the state’s insurance regulation to allow insurance producers to carry over continuing-education credits into a new licensing period, and other changes that...

N.Y.: DFS publishes updated cyber security regulation for comment, PIA offers analysis

N.Y.: DFS publishes updated cyber security regulation for comment, PIA offers analysis

by Bradford J. Lachut, Esq. | Jul 11, 2023 | Featured, General News

The New York State Department of Financial Services published a revised proposed second amendment to 23 NYCRR 500—colloquially referred to as New York’s cyber security regulation. The publication of the revised second amendment comes over six months after the...

N.Y. cyber security certification of compliance filings due by April 15

N.Y. cyber security certification of compliance filings due by April 15

by Shirley Albright, CPIA, CISR | Mar 7, 2023 | General News

Those individuals who hold a New York state insurance license (covered entities), including nonresident licensees, have until Saturday, April 15, 2023, to certify their compliance with the requirements of New York state’s cyber security regulation (23 NYCRR 500) for...

N.Y.: New cyber regulations on the horizon; certification of compliance due April 15

N.Y.: New cyber regulations on the horizon; certification of compliance due April 15

by Bradford J. Lachut, Esq. | Jan 17, 2023 | Agency Management, Featured

The New York State Department of Financial Services released the official proposed second amendment to the cyber security regulation (23 NYCRR 500) for public comment late last year. This follows an unofficial draft of the amendments that circulated this past August....

N.J.: Get in front of renewal increases with your clients; PIANJ offers sample letter

N.J.: Get in front of renewal increases with your clients; PIANJ offers sample letter

by Bradford J. Lachut, Esq. | Nov 30, 2022 | Consumer-focused, Featured, Technical

Across the country, the insurance-buying public has seen sharp premium increases when their homeowners and automobile insurance policies are being renewed. In many cases, premiums are outpacing claims and expenses, as well as rising higher than inflation. The rules...

N.Y.: DFS issues guidance on cannabis-related criminal convictions and underwriting

N.Y.: DFS issues guidance on cannabis-related criminal convictions and underwriting

by Bradford J. Lachut, Esq. | Nov 30, 2022 | Agency Management, Featured

The New York State Department of Financial Services issued a circular letter last week to provide guidance to the insurance industry on cannabis-related criminal convictions and insurance underwriting. Under New York state law, it is illegal for any person or entity...

N.Y.: New cyber regulations on the horizon; certification of compliance due April 15

An overview: Amendments to N.Y.’s cyber security regulation (23 NYCRR 500)

by Clare Irvine, Esq. | Nov 17, 2022 | Agency Management

The New York State Department of Financial Services released the official proposed second amendment to the cybersecurity regulation (23 NYCRR 500). This follows an unofficial draft of the amendments that circulated in August. The amendment would make multi-factor...

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