Monthly Archives: January 2022

3, 2, 1 with Sue Keegan: Go Big 2022; Cyber Reg Submissions; New CE Requirement Info

By Sue Keegan, AIC, MBA, Learning & Development Manager​3 Things2 IdeasAre you aware that the NY Workers Compensation Experience Rating Plan will change this year? The current experience rating formula does not give employers enough incentive to improve workplace safety. Risks with better-than-expected experience do not receive enough credit. Risks with worse-than-expected experience do not receive enough debit. Join us to learn about:     The revised plan     Other system changes     How these changes will impact employers.1 QuestionWhat was your first car?  Mine was a blue Honda CRX. I loved that car.  Let me know your first car via ​ email at  ​skeegan@biginy.org or post in our Community.Source

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Albany Update: Changes to Insurance Disclosure Bill Introduced, Executive Budget Released, Harris Confirmation Begins

As expected, chapter amendments to the Comprehensive Insurance Disclosure Act (CIDA) were introduced this week, which resolve our most serious concerns. The original bill, which we strongly opposed, would have required the automatic disclosure of all insurance information within 60 days of litigation, including the full policy application. This could have created substantial burdens and potential E&O exposure for agents, as well as compromising sensitive customer information. The chapter amendments remove the policy application from automatic disclosure, lengthen the time frame to 90 days, and will exempt motor vehicle PIP litigation. The amended CIDA is not expected to have a significant impact on independent agents. The…

Continue ReadingAlbany Update: Changes to Insurance Disclosure Bill Introduced, Executive Budget Released, Harris Confirmation Begins

Industry Roundup: Long-Term Liability From ‘Take-Home’ COVID-19 Lawsuits; Keys to Securing Your Computer Network and Insurance Data; Stay Home or Go to Work Sick? Omicron Poses a Conundrum

​​Employers Fear Long-Term Liability From 'Take-Home' COVID-19 LawsuitsAs COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not employees or customers.The Road to Recovery – Dealing with Capacity After a Year of HurricanesThe rippling effects that hurricanes such as Ida have had on surrounding states, has left insurers desperately trying to figure out how to minimize losses in 2022.Keys to Securing Your Computer Network and Insurance DataAlways a pressing challenge, the security of your insurance business' computer network is facing an even greater threat…

Continue ReadingIndustry Roundup: Long-Term Liability From ‘Take-Home’ COVID-19 Lawsuits; Keys to Securing Your Computer Network and Insurance Data; Stay Home or Go to Work Sick? Omicron Poses a Conundrum