Ask Tim

NY High Court Lowers Bar To Suing Over Dog Bites

It will be easier for victims of dog bites to hold pet owners liable thanks to a ruling last month from New York’s highest court. The Court of Appeals unanimously overturned…

Labrador retriever holding a stick in its mouth

Can a Carrier Reject a Client-Signed LPR?

Question from an agent: “We recently had an issue with a carrier not accepting a signed lost policy release (LPR) cancellation request we sent them. My customer service representative (CSR) called them,…

New: Cyber Reg FAQ Document

​We are happy to announce a new resource to help you comply with New York’s financial services cybersecurity regulation – a “frequently asked questions” document.  The seven-page file​ provides answers to some…

A shield protection icon with a key lock.

New Cybersecurity Reg Compliance Tool – Asset Inventory Workbook

As we mentioned last week, the New York financial services cybersecurity regulation requires all covered entities (including all insurance agencies) to create and maintain an inventory of their information system assets. Entities have until Nov.…

A 3-D fingerprint icon with a wireframing background.

DFS Floats Hurricane Deductible Trigger Regulation

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…

Aerial view of a hurricane

Enhanced Cybersecurity Requirements Coming May 1st

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)…

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