NY Carrier Market Action Q&A
Personal Lines How much notice does a carrier have to give to non-renew a homeowners’ or personal auto policy?At least 45 days but no more than 60. How much notice…
Personal Lines
What Are an Insurance Carrier’s Obligations for Continuing Policies When It Terminates an Agency?
Question: “A long-term carrier partner has recently requested a mutual termination since we entered into an agreement with another carrier to complete a book roll. We agreed in response to…
How Will SSL Coverage Apply to Commercial Auto Policies With Entities Other Than Individuals As the Named Insured?
UPDATE: Effective March 26, 2025, the requirement to automatically include Supplemental Spousal Liability Coverage on an Automobile Liability Insurance policy no longer applies to Commercial Auto Insurance policies. Question: “How…
What Does a Personal Lines Insurer Have To Do With Remaining Policies When It Terminates an Agency?
Question: “One of our personal lines carriers is terminating our contract due to low premium volume. Is the carrier required to do anything regarding the policies we have left with…
Do Homeowners Insurance Policies Cover Host Liquor Liability?
Question: “As this is party/graduation season, do Homeowners insurance policies cover Host Liquor Liability? My example: If a guest or other third party was injured or killed in an auto…
If an Insured Rents a Car and Damages It, Does a Deductible Apply to the Rental Vehicle’s Physical Damage Coverage?
Question: “If an insured rents a car and damages it, does a deductible apply to the rental vehicle physical damage coverage?” Answer: No. The New York Rental Vehicle Coverage Endorsement…
NYS DFS Proposes Extending Time For Carriers To File TNC Endorsements
The New York State Department of Financial Services today proposed a six-month extension to a special coverage arrangement for vehicles used by drivers for transportation network companies (TNCs) such as Uber and…
Coverage Options for Customers Who Drive For TNCs
TNC Status in New York Transportation network companies (TNCs) were authorized to operate in New York State starting June 29, 2017. TNCs have been operating in New York City under…
Uber Will Offer Contingent Comp & Collision
Agents can breathe a sigh of relief for now when advising their customers about driving for Uber. We have been informed by Uber’s Senior Risk Manager for Insurance and Public…
Ridesharing Regulations Released: How to Advise Your Customers
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…
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- Personal Lines (25)
- Auto Insurance (16)
- Commercial Lines (9)
- Homeowners Insurance (7)
- Policy Non-Renewals (5)
- Transportation Network Companies (TNCs) (4)
- Premium Changes (3)
- Ridesharing (3)
- Conditional Renewals (3)
- Policy Cancellations (3)
- Commercial Property (2)
- Terminated Agency Contract (2)
- Liability Insurance Policy (2)
- Non-Payment of Premium (2)
- Supplemental Spousal Liability (SSL) (2)
- New York Auto Insurance Plan (NYAIP) (2)
- Auto Collision (2)
- Host Liquor Liability (1)
- Policy Renewal (1)
- Renters Insurance (1)
- Liability Insurance (1)
- Package Policy (1)
- Damaged Property (1)
- Subrogation (1)
- Rental Vehicle (1)
- Endorsement Form (1)
- Unfair Claims Settlement Practices (1)
- No-Fault Insurance (1)
- Supplemental Uninsured/Underinsured Motorist (SUM) Coverage (1)
- Personal Umbrella Insurance (PUP) (1)
- Excess Liability Coverage (1)
- Personal Injury Protection (PIP) Insurance (1)
- Arbitration Endorsements (1)
- Excess & Surplus Lines (E&S) (1)
- Merit Rating Plans (1)
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- Property-Casualty Agent's (PC) License (1)
- Property-Casualty Broker's (BR) License (1)
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- Grieving Families Act (1)
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- Wrongful Death (1)
- Department of Financial Services (DFS) (1)
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