Ask Tim

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…

A shield protection icon with a key lock.

Let’s Play “Can They Do That?”

For those who may have missed it, the property casualty insurance markets are in a very hard market cycle. During a hard market, insurance carriers hike premiums, cancel and non-renew…

Two people talking with a gavel and checks and balances scale in the background.

NY Carrier Market Action Q&A

Personal Lines How much notice does a carrier have to give to non-renew a homeowners’ or personal auto policy?At least 45 days but no more than 60. How much notice…

Three people having a meeting.

Supplemental Spouse Liability Insurance Q&A

Question: “Regarding a commercial auto policy, your handout said, “It is true that business auto insurance policies insure businesses, but they also insure individual people using the business’s vehicles with…

Couple riding together in a convertible

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