April 9, 2021 – Big I Tri-County

Big I NY Works With DFS To Resolve Cyber Filing Problem

Post category:Cyber News

We are happy to announce that the New York State Department of Financial Services (DFS) has resolved a problem that prevented some New York licensed agents and brokers from submitting the appropriate cybersecurity notice of exemption form. The DFS addressed the issue after Big I New York contacted them about it.New York's Cybersecurity Requirements For Financial Services Companies regulation, 23 NYCRR 500, makes certain companies partially exempt from its requirements and certain individuals completely exempt. Those companies and individuals must submit a Notice of Exemption on the DFS website so that the department's computer system is aware of the exemptions. Failure to do so will…

Albany Update: New York Has a Budget – What’s in it for You and Your Customers?

Post category:Advocacy News

This week, the New York state leaders reached an agreement on a $212B state budget, the largest in the state's history. Ultimately, most of smaller policy provisions proposed by the Governor were removed, but many “big picture" policy pieces made the final cut. Here is a summary of the key pieces affecting you and your customers:No-Fault Anti-Fraud (Rejected): Big I NY supported the Governor's proposal to more easily and aggressively prosecute medical providers (“medical mills") that commit no-fault fraud, and lobbied members of the legislature on this issue during Independent Agents Advocacy Week. Unfortunately, this proposal was not included in the final budget. We are…