NYSIR’s AM Best Rating Withdrawn
UPDATE: Since we posted this news item, we have learned that NYSIR is a “municipal reciprocal insurer,” as New York Insurance Law Section 6102 defines that term. That same section of the law permits…
Carriers
Adirondack Insurance Exchange, Mountain Valley Advise Clients To Replace Their Policies
New York based insurer Adirondack Insurance Exchange (AIE) and its affiliate Mountain Valley Indemnity Co. (Mountain Valley) have reported financial trouble. They have advised policyholders to seek replacement coverage immediately.…
Kemper To Rescind Retroactive Cancellation Thanks to Big I NY Advocacy
Important Update from President & CEO, Lisa Lounsbury Last week, Kemper Insurance notified many agents that their producer and agency agreements were terminated, retroactive to October 1, 2023. Big I NY immediately…
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…
