On Our Mind: Giving Back

​​By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP of Learning & Development​ According to a report by the Bureau of Labor Statistics, 24.9% of the U.S. population over the age of 16 volunteered at least once in the past year. In 2011, this percentage was 26.8%, and in 2005 it was 28.8%.  I have personally experienced this with a local insurance industry group- The Utica CPCU Society. For the past few years we have had the same small group of people volunteering to be officers and to help with events and activities. We have also experienced a decrease in attendance at our regularly scheduled meetings. This is both…

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Important Notice: Full Expansion of New York’s Insurance Regulation 187 Goes Into Effect February 1, 2020

​Important Notice: Starting tomorrow the full expansion of New York's Insurance Regulation 187 goes into effect.This requires agents to meet a new "best interest" standard, as defined by the NYS DFS when selling life insurance to state residents. This new standard took effect August 1, 2019 for annuity transactions. If you sell life or annuity products, this regulation affects you.   What does this mean for you? If you write even one life policy it's imperative that you fully understand how it will affect your day-to-day operations and compliance responsibilities.  Help WATCH: Tim Dodge & Scott Hobson walk you through compliance in this pre-recorded GearUp webinar WATCH: Two Minutes…

Continue ReadingImportant Notice: Full Expansion of New York’s Insurance Regulation 187 Goes Into Effect February 1, 2020