IIABA Committee Appointments
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,…
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…
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
Insurers in New York are no longer permitted to take adverse underwriting actions regarding habitational properties that contain subsidized housing units, according to the state Department of Financial Services (DFS). The…
We often hear of Connecticut and New York insurance agencies operating under names that are different from the names on their New York licenses. Watch this video to learn why you…
[This post was updated on July 31st to clarify that The Allstate Corp. does not own Adirondack Insurance Exchange.] As we previously reported, on May 28th the financial strength rating of…
Supplemental Spousal Liability Changes Passed: Both houses of the legislature passed Big I NY-backed changes to supplemental spousal liability insurance, exempting unmarried drivers and commercial coverage from automatic enrollment. These common-sense…