Insurance attorney Chip Merlin is out with an interesting blog post about “choice-of-law” clauses in surplus lines insurance policies. These are clauses that designate the jurisdiction in which an insured…
Our City & State P&C Insurance Summit Brought Together Policymakers and Industry Leaders in Albany On February 4, 2025, Big I New York and NY First partnered with City & State to host…
Lawmakers concluded their regularly scheduled 2025 legislative session this week, but work is far from over. Big I New York and the insurance industry secured legislative wins and stopped several negative…
Global threats, fraud, the state’s legislative and regulatory environment, and reduced product availability are battering New York’s property and casualty insurance markets. That was the message Big I New York…
Throughout the month of May, approximately 40 independent agents from across the state met with state lawmakers in their districts to call for the passage of pro-consumer legislation to help…
The continuation of the hard market is evident as both standard and E&S carriers face underwriting challenges contributing to a narrowing of business appetites and thus increasing shopping for retail…
We know that current market conditions are challenging and frustrating. You, your team, and your clients are stressed. We must “pull the curtain back” so you can see the multi-pronged…
Question: “Would you happen to know the number of days a carrier must give if they conditionally renew a commercial umbrella policy? An admitted carrier issued one for an insured…
An admitted insurance company (also known as a “licensed” or “authorized” company) is one that holds a license issued by the insurance regulators in a particular state. (The Department of…
On Monday this week, Gov. Andrew Cuomo signed legislation to move up the implementation date for ridesharing in New York from July 9th to June 29th, just in time for…
