Yearly Archives: 2024

Are you Team Sue or Team Terri?

​Want to have fun golfing at Go Big without the pressure of pulling together a foursome? Then join Team Sue (Keegan) or Team Terri (Yates)!Team Sue promises a break from insurance talk and lots of chat on music, true crime, books, and shows. Her golf vibe: she can hold her own but won't judge you. She will probably be judging the team ahead of you though.Team Terri promises fun, laughter, sarcasm, and fresh air. Her golf vibe: we're in it for fun, not to win (and we likely won't). High skill not required.No matter which team you choose, you'll spend the morning laughing and having fun because…

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Kemper To Rescind Retroactive Cancellation Thanks to Big I NY Advocacy

Important Update from President & CEO, Lisa LounsburyLast week, Kemper Insurance notified many agents that their producer and agency agreements were terminated, retroactive to October 1, 2023. Big I NY immediately responded by alerting the NYSDFS of this unfair and troubling action. NYSDFS investigated and subsequently compelled Kemper to rescind the changes, restoring all producer and agency agreements.  We spoke to Kemper Insurance and they confirmed that they will be restoring agency appointments back to October 1, 2023.  They also reiterated that agents are able to continue servicing their clients by contacting the Kemper underwriting department.  The NYSDFS is working with Kemper on the agent communication that…

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​ Did the FTC Just Ban Noncompetes? Not So Fast.

​What Happened:Yesterday, the Federal Trade Commission (FTC) sent shockwaves through the employer community with the announcement of a nationwide ban on noncompete agreements. The controversial and highly-publicized regulation was approved following a 3-2 vote of the commissioners. The rule now enters a 120-day public comment period before being effective.While the media coverage may give the impression this is a done deal, that is hardly the case. Despite the FTC's action yesterday, the ultimate fate of the noncompete agreement regulation remains in serious question. The FTC maintains that it possesses the legal authority to prohibit the use of noncompete agreements (and to ban other business practices and…

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