The New York State Department of Financial Services (DFS) has posted a draft of an amended regulation on hurricane deductible triggers. The department has invited interested parties to share their initial…
Proposed updates to New York’s building and energy conservation construction code could leave some of the state’s property owners with insurance coverage gaps. Agencies and brokerages may want to begin…
All New York regulated financial services companies, including insurance agencies, must implement additional cybersecurity procedures by May 1st. These requirements are part of the 2023 amendments the New York State Department of Financial Services (DFS)…
Question from a Big I NY member: “Was the exemption for licensed insurance producers under the Corporate Transparency Act limited to those agencies with less than twenty employees? There was…
Insurance industry standards-setting organization ACORD has announced it has revised a form used with New York personal auto insurance applications. Form ACORD 65 NY (2025/03), New York Auto Supplement – Spousal Liability Insurance Declination Form, is…
The New York State Department of Financial Services (DFS) today published instructions about the upcoming change to New York insurance law regarding Supplemental Spousal Liability (SSL) coverage under auto insurance…
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We are pleased to announce the creation of another new resource to help independent insurance agencies comply with the New York financial services cybersecurity regulation. The new tool helps agencies…
Question from a Big I NY member: We have been receiving requests from the banks to provide a replacement cost estimator to them for re-finance and new loans. Are you aware of…
