Ask Tim

Workers Comp Loss Costs To Drop 9% in October

​New York Workers’ Compensation insurance loss costs are set to decrease by an average of 9% this fall, according to a recent action by the state Department of Financial Services…

Worker's compensation claim form.

Video: 1099s & Insurance

Some businesses, in an attempt to lower their costs, hire workers on an independent contractor (or “1099” basis). Watch this video to learn about the insurance implications. Topics

1099 form

DFS: No More Underwriting of Subsidized Housing

Insurers in New York are no longer permitted to take adverse underwriting actions regarding habitational properties that contain subsidized housing units, according to the state Department of Financial Services (DFS). The…

Aerial view of a neighborhood

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…

A 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

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