Yearly Archives: 2021

No Coverage For Loss Caused By Rolling Stones

[embedded content] ​"​And I saw my reflection in the snow-covered hills 'Til the landslide brought me down ..."​​-- Stephanie Lynn (AKA Stevie) Nicks, American singer/songwriter​Here in the Empire State, we generally don't have to worry much about earthquakes. New York gets some seismic activity, but it's usually minor and certainly not on par with what our fellow citizens in the midwest and west must contend with. But does that mean we shouldn't be concerned about the ubiquitous earth movement exclusions found in personal and commercial property insurance policies? A couple in Colorado has learned the hard way that there are different kinds of earth movement losses, and their experience could…

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DFS Warns Against Microsoft Exchange Security Holes

​The New York State Department of Financial Services (DFS) has warned all entities it regulates about newly discovered security vulnerabilities in the Microsoft Exchange Server software. The department advised all entities to take immediate actions to address the problem. The DFS regulates banking, financial services, and insurance organizations doing business in New York. If your agency is running this software, you may be at risk of having suffered a data breach already or of having one in the future. Agencies that use a cloud-based hosting service for email should not be affected.In a letter dated March 9, the department relayed Microsoft's report that it had found four…

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Big I NY Urges Lawmakers to Reject Single Payer Health Care

​Today, members of the New York legislature reintroduced the New York Health Act and called for its passage as early as this spring. The Realities of Single Payer Coalition, of which Big I NY is a member, pushed back strongly on the proposal to create a single payer health care system in NY. "The New York Health Act would destroy the existing insurance market and hurt consumers by removing their ability to choose the best healthcare for their needs. Independent insurance agents and brokers are committed to helping New Yorkers protect what matters most. We believe consumers are best served by a competitive market rather than…

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