Yearly Archives: 2021

DFS: Licensees Whose Licensees Renew Before 4/1/22 Not Required to Show Compliance with New CE Subject Requirements

​​The ​​DFS has responded to Big I NY's request for clarification about the implementation of new continuing education requirements. On November 12, 2021, the Sixth Amendment to 11 NYCRR 20 (Insurance Regulations 9, 18, and 29) took effect. This amendment mandates that of the 15 continuing education required to be completed every two years by certain insurance producers and public adjusters (collectively, “licensees") at least one credit of Insurance Law instruction, one credit ethics and professionalism instruction, one credit of diversity, inclusion, and elimination of bias instruction, and, for those licensed to sell one or more lines of property/casualty insurance, credit of flood insurance instruction, must be…

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Industry Roundup: Stay Lifted on Federal Shot-or-Test Mandate for Large Employers; Trends That are Reshaping the Insurance Market; Cyber Disruptions of Infrastructure Networks Can Cost Millions in a Day

Trends That are Reshaping the Insurance MarketIt's no secret that advances in technology have pushed those in the insurance industry to make major changes and a recent 2022 analysis explores four major trends insurers may see as we enter the new year.Berkshire's Candymaker Must Face Worker's Suit Over Husband's COVID DeathA California candymaker must face a lawsuit by an employee who says she caught COVID-19 at work and gave it to her husband, resulting in his death, a state appeals court held on Tuesday, upholding what appeared to be the first ruling allowing a worker's lawsuit against an employer over a family member's COVID death.Tornadoes…

Continue ReadingIndustry Roundup: Stay Lifted on Federal Shot-or-Test Mandate for Large Employers; Trends That are Reshaping the Insurance Market; Cyber Disruptions of Infrastructure Networks Can Cost Millions in a Day

State Proposes HERO Act Workplace Safety Committee Rules, Schedules February Hearing

​The New York State Labor Department today a proposed a regulation​ on workplace safety committees. Some private employers in New York were required to permit employees to form these committees as of last November 1. The proposal is not binding on employers yet, but it previews the final rules.The New York State HERO Act​, enacted and amended last spring, requires private employers with 10 or more employees to permit them to form workplace safety committees. The Labor Department is required to issue relevant regulations. The proposal published today is step one of that process.The proposed rules include:No obligation for employers to notify employees of the…

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