PIACT has announced its 2023 legislative priorities, supporting legislation that would waive the declinations requirement when an agent renews a policy in the surplus-lines market through an unaffiliated, licensed wholesale broker. In recognition of Data Privacy Week, New York state is promoting techniques for protecting private data. Reinsurance refers to the system in which an insurer moves all or some of a risk to another insurer to give protection in case of risks on the first insurance. Plus, you can read about state-specific industry news, compliance issues, technical resources, education opportunities and upcoming events in this issue of the Weekly Dispatch.
