Ask Tim

Video: Can You Use That Name?

​We often hear of Connecticut and New York insurance agencies operating under names that are different from the names on their New York licenses. Watch this video to learn why you…

Magnifying glass above a question mark

NYS DFS Offers New Cyber Program Template

​The New York State Department of Financial Services (DFS) this week unveiled a new model Cybersecurity Program Template for use by small businesses, including insurance agencies. All independent insurance agencies should consider…

Shield protection icon with a key lock

Think All Policies Are the Same? (Part 7)

It’s been a while since I added to my list of examples of subtle but possibly significant differences between insurance policies of the same type issued by different insurers. This…

Two people reviewing an insurance policy

How Insurance Producers Get Penalized By NYS DFS

The latest insurance disciplinary action report from the New York State Department of Financial Services is out. As usual, it contains interesting information about what DFS is focusing its enforcement efforts on.…

Man in distress with his face in his hands

The Cybersecurity Certification of Compliance Has Changed

The DFS-regulated entities in the banking, financial services, and insurance sectors must complete the compliance filings that the financial services cybersecurity regulation requires by April 15th.  This year, they will…

Shield protection icon with a key lock

Filters

  1. Posts (152)

  1. News (1)
    1. Ask Tim (152)
    2. Advocacy (6)
    3. Industry News (25)
    4. Cyber (20)
    5. Carriers (3)
    6. Marketing (1)
    7. Education (1)

  1. Auto Insurance (26)
  2. Homeowners Insurance (20)
  3. Commercial Lines (19)
  4. Personal Lines (17)
  5. Conditional Renewals (14)
  6. Liability Insurance Policy (13)
  7. Policy Non-Renewals (13)
  8. Department of Financial Services (DFS) (12)
  9. Workers' Compensation (11)
  10. Cybersecurity Regulation (10)
  11. Policy Cancellations (9)
  12. Scaffold Law (9)
  13. Property-Casualty Agent's (PC) License (7)
  14. Flood Insurance (6)
  15. Multi-Factor Authentication (MFA) (6)
  16. General Liability (6)
  17. Premium Changes (6)
  18. National Flood Insurance Program (NFIP) (5)
  19. Excess Liability Coverage (5)
  20. Auto Collision (4)
  21. Supplemental Spousal Liability (SSL) (4)
  22. E&O (4)
  23. Bodily Injury and Property Damage Liability (4)
  24. Personal Liability Coverage (4)
  25. Rental Vehicle (4)
  26. Property-Casualty Broker's (BR) License (4)
  27. Excess & Surplus Lines (E&S) (4)
  28. Labor Law (4)
  29. Third-Party Service Provider (3)
  30. Declination Form (3)
  31. Data Breach (3)
  32. Cybersecurity Incident (3)
  33. Certificates of Insurance (3)
  34. Personal Umbrella Insurance (PUP) (3)
  35. Rental Property (3)
  36. Insurance Services Office (ISO) (3)
  37. New York City (3)
  38. Licensed Insurance Agent (3)
  39. Licensed Insurance Broker (3)
  40. Additional Insured Coverage (3)
  41. Absolute Liability (3)
  42. Notice of Exemption (2)
  43. Cybersecurity Awareness Training (2)
  44. Carrier Cancellations (2)
  45. Insurance Disciplinary Action Report (2)
  46. License Revocation (2)
  47. Commercial Property Insurance (2)
  48. Damaged Property (2)
  49. Pet Damage (2)
  50. Car Accident (2)
  51. Retroactive Charge (2)
  52. Young Driver (2)
  53. Supplemental Uninsured/Underinsured Motorist (SUM) Coverage (2)
  54. Unlicensed Personnel (2)
  55. Endorsement Form (2)
  56. Natural Disaster (2)
  57. Disability Benefits Law (2)
  58. Electronic Delivery (2)
  59. Electronic Signatures and Records Act (ESRA) (2)
  60. New Business (2)
  61. Package Policy (2)
  62. Terminated Agency Contract (2)
  63. Willful or Reckless Act (2)
  64. Non-Payment of Premium (2)
  65. No-Fault Insurance (2)
  66. ISO Policy Form (2)
  67. Continuing Education (CE) (2)
  68. Commercial Property (2)
  69. Actual Cash Value (ACV) (2)
  70. Replacement Cost (RC) (2)
  71. Ridesharing (2)
  72. Transportation Network Companies (TNCs) (2)
  73. Hold Harmless Agreement (2)
  74. Contributory Negligence (2)
  75. Hurricane Windstorm Deductible Trigger (1)
  76. New York Court of Appeals (1)
  77. Lost Policy Release (LPR) (1)
  78. Acknowledgement of Non-Compliance (1)
  79. Certificate of Compliance (1)
  80. Information System Assets Inventory (1)
  81. Agency Management System (1)
  82. Fire Prevention and Building Code (1)
  83. Third Party Litigation Funding (TPLF) (1)
  84. Beneficial Ownership Information (BOI) Report (1)
  85. Corporate Transparency Act (CTA) (1)
  86. Insurance Producer Exception (1)
  87. New York Auto Insurance Plan (NYAIP) (1)
  88. National Association of Mutual Insurance Companies (NAMIC) (1)
  89. Annual 10-K Report (1)
  90. Section 500.11 (1)
  91. Third-Party Service Provider Security Policy (1)
  92. Insurance Markets (1)
  93. Workers' Compensation Assessment (1)
  94. Social Engineering (1)
  95. Carrier Markets (1)
  96. AM Best (1)
  97. New York Schools Insurance Reciprocal (NYSIR) (1)
  98. New York Compensation Insurance Rating Board (1)
  99. New York State Insurance Fund (NYSIF) (1)
  100. AIE (1)
  101. Residential Property Insurance Market (1)
  102. Subsidized Housing (1)
  103. Independent Contractor (1)
  104. Unlicensed Agency Name (1)
  105. Insurance Penalties (1)
  106. Insurer Fines (1)
  107. Guidance Letter (1)
  108. Earthquake Insurance (1)
  109. Luxury cars (1)
  110. Retail Worker Safety Act (1)
  111. CGL (1)
  112. OCP (1)
  113. Owners and Contractors Protective Liability Policy (1)
  114. Liquor Legal Liability Coverage (1)
  115. Global Conflict (1)
  116. Hard Market (1)
  117. Uninsured Motorist Coverage (1)
  118. U.S. Virgin Islands (1)
  119. Car Sharing Programs (1)
  120. Tier Assignment (1)
  121. Property Damage Liability (1)
  122. Late Filing Fee (1)
  123. NAIC Producer Licensing Model Act (1)
  124. Non-Resident License (1)
  125. Resident License (1)
  126. Pre-licensing (1)
  127. Agency Owner (1)
  128. Non-Standard Certificate (1)
  129. Countersignature (1)
  130. Waiver of Subrogation (1)
  131. Business Income Coverage (1)
  132. Business Income Worksheet (1)
  133. Commuting (1)
  134. Sole Proprietorship (1)
  135. Paid Family Leave (1)
  136. Professional Employer Organization (PEO) (1)
  137. Certificate of Liability Insurance (1)
  138. Non-Admitted Company (1)
  139. Property Casualty Insurance Security Fund (1)
  140. Insurance Regulation 87 (1)
  141. Motor Vehicle Report (1)
  142. Giveaway (1)
  143. Social Media (1)
  144. Discounts (1)
  145. Trade Association (1)
  146. Documentation (1)
  147. Service Fees (1)
  148. Insurance Binder (1)
  149. Mortgage Loan (1)
  150. 220 Letters (1)
  151. Audit (1)
  152. Policy Provisions (1)
  153. Commercial Risk Insurance (1)
  154. Professional Liability Insurance (1)
  155. Public Entity Insurance (1)
  156. Geographical Location (1)
  157. Redlining (1)
  158. Bankruptcy (1)
  159. Alternative Renewal Notice (1)
  160. Business Owner's Policy (BOP) (1)
  161. Short-Term Renewal (1)
  162. Policy Renewal (1)
  163. Enhanced Actual Cash Value (ACV) Roof Loss Settlement Endorsement (1)
  164. Free Trade Zone (1)
  165. Policy Void (1)
  166. Hired and Non-Owned Auto Liability Coverage (1)
  167. Comprehensive Coverage (1)
  168. Subrogation (1)
  169. Photo Inspection (1)
  170. Landlord Insurance (1)
  171. Vandalism (1)
  172. Class Loss Costs (1)
  173. Anti-Arson Application (1)
  174. Coinsurance penalty (1)
  175. Insurance Coverage Limit (1)
  176. Infestation and Animal Damage Exclusion (1)
  177. Personal Property Insurance (1)
  178. Renters Insurance (1)
  179. Host Liquor Liability (1)
  180. Fostering (1)
  181. Long Island (1)
  182. Domestic Employees (1)
  183. Workers' Compensation Endorsement (1)
  184. Child Victims Act (CVA) (1)
  185. Insolvent Insurer (1)
  186. Airbnb (1)
  187. Home-Based Business (1)
  188. Home Sharing (1)
  189. Host Damage Protection (1)
  190. Host Liability Protection (1)
  191. Vrbo (1)
  192. Arbitration Endorsements (1)
  193. Merit Rating Plans (1)
  194. Personal Injury Protection (PIP) Insurance (1)
  195. Unfair Claims Settlement Practices (1)
  196. New York State Trail Lawyers Association (NYSTLA) (1)
  197. Occupational Safety and Health Administration (OSHA) (1)
  198. Temporary Worker (1)
  199. Customer Service (1)
  200. Backdating (1)
  201. Licensing (1)
  202. Government Shutdown (1)
  203. Cisco (1)
  204. Zero-Day Vulnerability (1)
  205. Encryption (1)
  206. Association for Cooperative Operations Research and Development (ACORD) (1)
  207. Mid-America Insurance Conference (1)
  208. National Council on Compensation Insurance (NCCI) (1)
  209. Cyberthreats (1)
  210. Ransomware (1)
  211. Supply Chain Management (1)
  212. Third-Party Vendors (1)
  213. Transportation Expenses Coverage (1)
  214. Tariffs (1)
  215. E&O Exposure (1)