Insurance attorney Chip Merlin is out with an interesting blog post about “choice-of-law” clauses in surplus lines insurance policies. These are clauses that designate the jurisdiction in which an insured…
The New York State Department of Financial Services (DFS) recently released new guidance to help insurance agencies and other entities prepare for times when cyber threats become more dangerous. The…
Insurance industry standards-setting organization ACORD has announced new editions of two Workers’ Compensation coverage election forms used in New York. These are the first revisions to the forms in almost…
The New York Compensation Insurance Rating Board (NYCIRB) has announced that it is seeking a double-digit decrease in Workers’ Compensation insurance loss costs. The NYCIRB’s Board of Governors voted to file…
The New York State Workers’ Compensation Board has announced the minimum and maximum weekly disability benefit rates for the coming year. State law requires the board to calculate these rates…
Big I New York’s bill to repeal an outdated law on insurance producer advertising cleared a major hurdle yesterday. The New York State Senate Insurance Committee approved Senate Bill 9403…
Persistent advocacy pays off. The New York State Department of Financial Services (DFS) has confirmed to Big I New York a 30-day grace period for agencies struggling to complete their…
New York has a new law that requires retail stores to accept cash payments from customers. It does not appear to apply to insurance agencies and brokerages. The New York…
Insurance industry standards-setting organization ACORD has announced revisions to three application forms used in New York. The revisions, which carry a “2026/04” edition date, are for use on and after…