Big I New York met this morning with leaders from the New York State Department of Financial Services (DFS) about the pressing issues in our state’s personal lines insurance markets.…
A coverage declination form is a document that agencies should use as part of their workflow process for situations when a client declines coverage. The client signs the form to…
Have you always wondered what Leadership Academy is and why you should be there? Jim Lombardo, our AVP of Learning & Development (and one of the amazing instructors for Leadership…
Big I NY is proud to announce the Big I NY members that have been appointed to serve on key IIABA committees in the upcoming 2024-2025 term. Steve Zogby of Scalzo,…
A South Carolina based wholesale insurance brokerage reported last week that they had suffered an undescribed cybersecurity incident. It closed the wholesaler for a substantial part of the week. Some…
E&O Report | August 2024 | Volume 39, Number 4 Preface There is an interesting dynamic in human behavior particularly in how we perceive things over time. Something done over and over again for enough…
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…
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.…
Adirondack Insurance Exchange reported today that its financial condition has continued to deteriorate. The carrier is advising its agents to begin replacing its policies with other insurance carriers immediately. As…
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
