After several days of messages, phone conversations, and meetings between Big I New York and the New York State Department of Financial Services (DFS), the department has informed us that…
The New York State Senate and Assembly today released the details of their respective 2027 budget proposals. Glaringly absent, however, was any mention of auto insurance affordability. “The Senate and…
Insurance industry standards-setting organization ACORD recently introduced a new edition of its most popular evidence of insurance form. The new Certificate of Liability Insurance, ACORD 25 (2025/12), is in use…
Insurance agencies and other financlal services businesses should be on the alert for increased cybersecurity threats because of recent events, the New York State Department of Financial Services (DFS) said…
The DFS ID will permit administrators to create a single ID and password, granting access to various DFS applications.
The New York State Workers’ Compensation Board (WCB) has announced it will soon stop accepting submissions of forms sent by fax. The board recently sent the following email: “The New…
Member agencies have probably received at least one request from an insurance carrier (or even from IAAC) to complete a third-party service provider (TPSP) questionnaire. The New York financial services…
Can a business lose coverage if someone else’s liability insurance policy names them as an additional insured? Yes. What Happened A member contacted us recently about his client, the owner…
Today, February 16, is Presidents Day, when the country celebrates the 45 men (they’ve all been men so far) who have held the land’s highest office. You may not have…
As has been the case for the past nine years, sometime between now and April 15, each agency must log into the NYS Department of Financial Services (DFS) cyber portal…
