If your clients include unionized construction contractors, prepare now to help them meet new Paid Family Leave (PFL) benefits requirements taking effect this winter. Two recently-enacted state laws expand construction…
A guaranty fund is a pool of money to which insurers licensed in a particular state contribute. State insurance regulators tap that pool of money when a licensed (also known…
Insurance producers licensed in New Jersey are now subject to the state’s Consumer Fraud Act (CFA) following a court decision last month. On July 15th, the New Jersey Supreme Court…
New York has taken an important first step toward regulating third-party litigation funding (TPLF) arrangements, but more needs to be done, Big I New York argued recently in a Connecticut…
One of the auto insurance reforms included in the New York State budget enacted in May (see Part BB) pertained to carrier premium change explanations. The state Department of Financial…
Average Workers’ Compensation loss costs for New York employers will nose-dive by almost 22% this fall. The New York Compensation Insurance Rating Board announced last week that the state Department…
Now that New York has enacted a package of auto insurance reforms as part of the 2026-27 state budget, the New York State Department of Financial Services (DFS) is making…
Disclaimer We are publishing the following message at the request of the New York State Department of Financial Services. Dear Producers, Section 4 of the New York Automobile Insurance Plan…
Do you have commercial clients who rent their spaces? If so, there’s a question you may want to ask next time you speak with them: Does your lease make you…
The volume of inquiries from Big I New York members having trouble with the New York State Department of Financial Services’ DFS ID system has slowed from the levels we…
