Monthly Archives: January 2023

Reminder: What You Need To Do For the Cybersecurity Regulation

​We are knee-deep in 2023. This is the time of year when Big I NY gets a lot of questions from members about what they have to do to comply with the Cybersecurity Requirements For Financial Services Companies regulation. Though the New York State Department of Financial Services (DFS) has proposed a number of changes to that regulation, none of them are in effect yet. Therefore, your obligations are the same this year as they were last year. Here are answers to the questions we get most frequently:The agency must complete and submit the online Certification of Compliance to the DFS between now and April…

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David Weprin Named Chair of Assembly Insurance Committee

​On January 4th, Assemblyman David Weprin (D, Queens) was named chair of the influential Assembly Insurance Committee. Weprin succeeds former chair Kevin Cahill (D, Kingston) who lost re-election in 2022.​​ Virtually all legislation affecting the insurance laws and regulations in NY must be approved by the Insurance Committee before a full vote of the Assembly can be taken. As such, it is one of the most important legislative committees to our industry.Assemblyman Weprin represents the 24th Assembly District in Queens, the same district represented by his father, the late Assembly Speaker Saul Weprin, for 23 years and his brother Mark Weprin, for over 15 years. In…

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New York Wins InsurPac Presidents Cup, Earns National Recognition

For the first time ever, New York has won the coveted “Presidents Cup", awarded to the state whose past presidents contribute the most to InsurPac. Additionally, New York shattered its annual InsurPac fundraising goal, raising nearly $53,000. Nationally, InsurPac reached an all-time record high of $1.27 million, making it one of the largest small business political action committees in the nation. We wish to thank each and every agent who generously contributed to InsurPac in 2022. We also extend our deep gratitude to all our past presidents who went above and beyond this year. Your support is critical to making the Big “I" a force…

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