Insurance producers licensed in New Jersey are now subject to the state’s Consumer Fraud Act (CFA) following a court decision last month. On July 15th, the New Jersey Supreme Court…
For decades, insurance professionals have helped clients protect what matters most by evaluating the risks they face today. But today’s property owners face a new challenge: Climate-related hazards are evolving,…
One of the auto insurance reforms included in the New York State budget enacted in May (see Part BB) pertained to carrier premium change explanations. The state Department of Financial…
Average Workers’ Compensation loss costs for New York employers will nose-dive by almost 22% this fall. The New York Compensation Insurance Rating Board announced last week that the state Department…
Now that New York has enacted a package of auto insurance reforms as part of the 2026-27 state budget, the New York State Department of Financial Services (DFS) is making…
Disclaimer We are publishing the following message at the request of the New York State Department of Financial Services. Dear Producers, Section 4 of the New York Automobile Insurance Plan…
The volume of inquiries from Big I New York members having trouble with the New York State Department of Financial Services’ DFS ID system has slowed from the levels we…
The 2026 legislative session is one that insurance industry stakeholders will study, discuss, and remember for decades to come. A state budget that arrived nearly two months late, the passage…
By now, you’ve likely heard the news: the State Legislature has passed sweeping auto insurance reforms aimed at addressing fraud and excessive litigation. As these developments continue to receive widespread…
