Insurance attorney Chip Merlin is out with an interesting blog post about “choice-of-law” clauses in surplus lines insurance policies. These are clauses that designate the jurisdiction in which an insured…
The New York State Department of Financial Services (DFS) recently released new guidance to help insurance agencies and other entities prepare for times when cyber threats become more dangerous. The…
New York has a new law that requires retail stores to accept cash payments from customers. It does not appear to apply to insurance agencies and brokerages. The New York…
Several member agencies have recently contacted us about a change to the most commonly-used certificate of insurance form, ACORD 25 Certificate of Liability Insurance. ACORD published a new edition of…
Insurance industry standards-setting organization ACORD recently introduced a new edition of its most popular evidence of insurance form. The new Certificate of Liability Insurance, ACORD 25 (2025/12), is in use…
Insurance agencies and other financlal services businesses should be on the alert for increased cybersecurity threats because of recent events, the New York State Department of Financial Services (DFS) said…
The DFS ID will permit administrators to create a single ID and password, granting access to various DFS applications.
Member agencies have probably received at least one request from an insurance carrier (or even from IAAC) to complete a third-party service provider (TPSP) questionnaire. The New York financial services…
Can a business lose coverage if someone else’s liability insurance policy names them as an additional insured? Yes. What Happened A member contacted us recently about his client, the owner…
Today, February 16, is Presidents Day, when the country celebrates the 45 men (they’ve all been men so far) who have held the land’s highest office. You may not have…
