Big I in the House (and Senate) for D.C. Legislative Conference!

Abstract: Capitol Hill was buzzing last week with hundreds of independent insurance agents who traveled to Washington, D.C. for the 2025 Big “I” Legislative Conference. Body: Capitol Hill was buzzing last week with hundreds of independent insurance agents who traveled to Washington, D.C. for the 2025 Big “I" Legislative Conference. Big I New York and Connecticut were well-represented with 34 members, plus staff, in attendance.Armed with legislative priorities and personal experiences, attendees shared compelling arguments with lawmakers and staff from nearly every New York and Connecticut Congressional office. Legal system reform was top of mind as members shared how unregulated third-party litigation financing (TPLF) puts upward pressure on…

Continue ReadingBig I in the House (and Senate) for D.C. Legislative Conference!

Can a Carrier Reject a Client-Signed LPR?

Abstract: No, probably not. Body: ​Question from an agent: "We recently had an issue with a carrier not accepting a signed lost policy release (LPR) cancellation request we sent them.  My customer service representative (CSR) called them and they said they do not accept LPRs from other agents, and that the insured must call and cancel the policy themselves over the phone.  We tried to circumvent the agent and cancel direct through the replacing carrier, but their response was that they only accept an LPR from one of their agents.  As if things in this business aren’t frustrating enough, I hope this is not a trend…

Continue ReadingCan a Carrier Reject a Client-Signed LPR?

Max Weekly NY WC Benefit Rising in July

Abstract: The New York State Workers' Compensation Board has announced that maximum weekly disability benefit will increase to $1,222.42​. Body: ​The New York State Workers' Compensation Board has announced that maximum weekly disability benefit will increase to $1,222.42​. By law, the board adjusts the maximum weekly benefit each year effective July 1. The current maximum​ is $1,171.46.The maximum weekly benefit rate for workers' compensation claimants is two-thirds of the New York State Average Weekly Wage for the previous calendar year, as determined by the New York State Department of Labor. The Labor Department reported that the statewide average weekly wage in 2024 was $1,833.63.The new limit applies to…

Continue ReadingMax Weekly NY WC Benefit Rising in July