Yearly Archives: 2021

End of Session Recap: Major Wins Blocking Harmful Bills, Progress on Priorities, Some Troubling Bills Passed

The New York Assembly and Senate adjourned early this morning, dropping the gavel on the 2021 legislative session. Barring a special session, the legislature will not return to Albany until January 2022. This year's session was dominated by challenges and many new dynamics: the pandemic, multiple scandals rocking the Governor, and significant power gains by the Democrats following the 2020 elections, resulting in 2/3rds supermajorities in both houses. Big I NY has your back in Albany, and this year truly underscored the value of a strong defense, with an unprecedented number of harmful bills advancing, and in some cases passing. The passage of the NY…

Continue ReadingEnd of Session Recap: Major Wins Blocking Harmful Bills, Progress on Priorities, Some Troubling Bills Passed

Industry Roundup: June 10, 2021

BI Insurance Cases He​​lped Bu​​ild Record Wave of Class Action SuitsClass action lawsuits reached a fever pitch during the past year, with insurance coverage cases involving business interruption (BI) accounting for 21% of COVID-19-related litigation. During 2020, spending on class action litigation grew at a rate more than double that of other litigation spending, reaching a record $2.9 billion.Forgotten Your Passwords? T​​​hey Soon May Be Lost Altogether – wit​h Insurers' HelpThe most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. The rise in phishing has been accompanied by significant innovations in technology and security, with…

Continue ReadingIndustry Roundup: June 10, 2021

3, 2, 1 with Sue Keegan: Answers, Insurance Fraud, & Vacations

​​​3 ThingsSign up NOW for a free-for-members webinar​ hosted by Scott Hobson.  It’s a crash course on Big I NY’s advocacy efforts on your behalf.  You will hear case studies of past campaigns and learn how you can play an important role in fighting for our industry in the current business and political environment.Listen to a two-part A Few Minutes With Tim – Wedding Insurance 101: Part 1 & Part 2.I mentioned in a previous edition that our web site is crammed full of so much good information.  Today I draw your attention to our Answer Center.  We have answers, resources and more on over two…

Continue Reading3, 2, 1 with Sue Keegan: Answers, Insurance Fraud, & Vacations