Ask Tim

Carriers Do Not Have To Backdate Cancellations

We’ve been receiving a lot of the same question recently. It’s so common that it’s worth a post for all Big I New York and Big I Connecticut members to read.…

Refund policy with money in the background.

REMINDER: Cybersecurity Requirements Coming Nov. 1st

​There’s one last deadline coming up for insurance agencies and others subject to New York’s cybersecurity requirements for financial services companies regulation. By November 1st of this year, all businesses covered…

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DFS Urges Cyber Precautions Due to World Events

The New York State Department of Financial Services (DFS) today advised all entities it regulates to prepare for increased risks of cyber attacks resulting from recent global conflicts.

A digital cyber landscape over a globe view of Earth.

Reporting Cybersecurity Incidents

The New York financial services cybersecurity regulation requires you to notify the state Department of Financial Services if you are victimized by cyber criminals.

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DFS Proposes Hurricane Deductible Trigger Regulation

The New York State Department of Financial Services (DFS) has formally proposed an amended regulation on hurricane deductible triggers. The department is accepting comments from the public until July 7th. The…

Aerial view of a hurricane

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