Question from a Big I NY member: “Question regarding data retention. In our agency management system (AMS), we retain files as long as the provider does. Is that acceptable? We do so for protection,…
The New York State Department of Financial Services (DFS) has posted a draft of an amended regulation on hurricane deductible triggers. The department has invited interested parties to share their initial…
Proposed updates to New York’s building and energy conservation construction code could leave some of the state’s property owners with insurance coverage gaps. Agencies and brokerages may want to begin…
E&O Report | April 2025 | Volume 40, Number 4 Since humans walked upright we have tried to see the future….what comes next. One only need read the classics to see all the references…
All New York regulated financial services companies, including insurance agencies, must implement additional cybersecurity procedures by May 1st. These requirements are part of the 2023 amendments the New York State Department of Financial Services (DFS)…
As community and business leaders, attending networking events and supporting important causes boosts your visibility, strengthens relationships, and reflects your values and priorities. The same is true in the political arena.…
Question from a Big I NY member: “Was the exemption for licensed insurance producers under the Corporate Transparency Act limited to those agencies with less than twenty employees? There was…
Insurance industry standards-setting organization ACORD has announced it has revised a form used with New York personal auto insurance applications. Form ACORD 65 NY (2025/03), New York Auto Supplement – Spousal Liability Insurance Declination Form, is…
The New York State Department of Financial Services (DFS) today published instructions about the upcoming change to New York insurance law regarding Supplemental Spousal Liability (SSL) coverage under auto insurance…