Become an Additional Insured and Lose Coverage?
Can a business lose coverage if someone else’s liability insurance policy names them as an additional insured? Yes. What Happened A member contacted us recently about his client, the owner…
Personal Lines
NYAIP Hikes Max Producer Service Fee & Rates
Insurance producers obtaining coverage from the New York Automobile Insurance Plan (NYAIP) will be able to charge larger service fees next year.
Licensing
Take your career to the next level with our pre-licensing program (no monitor required), offering courses like property & casualty (P&C) and personal lines only.
New DFS Guidance on SSL Insurance
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…
What You Should Do About Impending Adirondack Cancellations
On December 31, 2024, all remaining personal lines insurance policies issued by Adirondack Insurance Exchange and Mountain Valley Indemnity Co. will be cancelled: Adirondack’s Demotech Rating Withdrawn (May 29, 2024) Adirondack…
Big I NY Urges Veto on Costly Wrongful Death Bill
Big I NY and a coalition of 34 other business organizations urged Gov. Kathy Hochul this week to veto legislation that would lead to skyrocketing wrongful death lawsuit awards and…
Advocating for Our Insurance Community: Addressing Market Challenges in New York
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.…
Non-Renewal Notice on Homeowners Policy From Carrier Due to Exposure to Catastrophic Losses
Question: “A referral to me received the attached non-renewal notice from her current Homeowners carrier. It gave the reason for non-renewal as: “As part of our efforts to manage risk…
The NJ Earthquake: Answers To Clients’ Insurance Questions
A magnitude 4.8 earthquake centered west of Manhattan struck the northeastern U.S. this morning. We at Big I New York hope that all of you, your families, friends, and clients are safe…
Let’s Play “Can They Do That?”
For those who may have missed it, the property casualty insurance markets are in a very hard market cycle. During a hard market, insurance carriers hike premiums, cancel and non-renew…
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