Monthly Archives: July 2020

DFS Suspends Cost Sharing for Outpatient Mental Health Services for Essential Workers

​Today, the DFS adopted, on an emergency basis, the 60th amendment to Regulation 62. The amendment prohibits health insurers from charging copays, coinsurance, or deductibles for outpatient mental health services for essential workers, with the exception of high deductible plans. Health insurers are further required to notify outpatient mental health providers in their network that they may not collect any copay, coinsurance, or deductible from essential workers for such services.The regulation is currently in effect until September 28th, 2020. Read the amended regulation hereSource

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Liberty Mutual Insurance Waives Growth Requirement for Agencies in Profit-Sharing

​Liberty Mutual Insurance announced that they are rolling out updated guidelines for their 2020 commercial lines profit-sharing agreement and will be waiving the 10% written premium growth requirement to earn a profit-sharing bonus."Despite the incredible challenges they've faced during the pandemic, independent agencies never stopped working hard. They continue to help customers protect what matters most, while keeping their teams safe and businesses afloat. But our shared customers have been hit hard and agencies need carrier support," said Big I NY's Chair of the Board, David T. MacLachlan, CPCU."I commend Liberty Mutual for leading the way, waiving the growth requirement for agencies in profit-sharing. There…

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On Our Mind…CE for Your Agency

​​​By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP of Learning & DevelopmentMy wife just reminded me that back in March when I started working remotely, I boldly predicted I would be back at the office by mid-May, well……….As we stare straight at August, all the headlines (well many of them) are talking about kids going back to school and “how" it will all work.  It got me to think about your agency and your staff's needs for continuing education for license renewal as well as those taking certification and designation classes.What are your plans?  How do you implement them?  Have you discussed doing classes as a group…

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