Monthly Archives: December 2024

NEWS RELEASE – Big I NY Urges Veto of Wrongful Death Bill

Subtitle: Insurance trade group opposes increased costs for state businesses Abstract: Big I New York and its member independent insurance agents and brokers strongly oppose this costly bill. Body: ​(DeWitt, New York, Dec. 12, 2024) — David Bodenstein, chair of the board of Big I New York and president of Mike Preis, Inc. in Jeffersonville, New York, issued the following statement today in response to the delivery to New York Gov. Kathy Hochul of Assembly Bill 9232-B. This bill would expand the categories of damages that could be recovered in a lawsuit for an alleged wrongful death.“Big I New York and its member independent insurance…

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NY Workers’ Comp Assessment Rate To Decrease

Abstract: The New York State Workers' Compensation Board has announced that the state assessment rate​ for calendar year 2025 will be 7.1%. Body: ​The New York State Workers' Compensation Board has announced that the state assessment rate​ for calendar year 2025 will be 7.1%. It applies to of the standard premium or premium equivalent.​ For example, if the standard premium is $10,000, the amount of the assessment is $710. The assessment rate for calendar year 2024 is 9.2%.By law, the assessment is assessed on all Workers' Compensation insurance policies issued to New York employers to pay for the Board's expenses. The new rate takes effect January 1,…

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Seeking Candidates for the 2025 Big I NY Board of Directors

Abstract: Have you ever thought about doing something to give back to the independent agent system? Now could be the time. Body: Have you ever thought about doing something to give back to the independent agent system? Now could be the time. We are seeking candidates for the 2025 Big I NY Board of Directors.The Big I NY Board of Directors represents members in three regions across the state: West-Central, East-North and Metro-Suburban. They set the strategic direction for the association and tackle issues that impact independent agents and consumers. If you are interested in learning more about the opportunity contact Kathy Lawler at klawler@biginy.org.You just may…

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