Author: SBd6tJhwJA

This author has written 783 articles

Industry Roundup: ​What’s Happening with P&C Rates in the US?; Personal Cyber Insurance Market to Spark Interest; In a World Where Everything is Connected, Insurance is Catching Up

​​What's Happening with P&C Rates in the US?Property and casualty rates were up in the fourth quarter of 2021, according to a report from insurance distribution and underwriting company MarketScout.Personal Cyber Insurance Market to Spark InterestThe personal cyber insurance market is poised for explosive growth in 2022 as people begin to realize and understand the risks associated with today's digital-first, technology-driven lifestyle.In a World Where Everything is Connected, Insurance is Catching UpThe world of insurance has been one colored by the “necessary evils" of long waits, policies for “everyone", and demographic-reliant underwriting processes. Innovators in this space are contending for an upgrade, and new technology…

Continue ReadingIndustry Roundup: ​What’s Happening with P&C Rates in the US?; Personal Cyber Insurance Market to Spark Interest; In a World Where Everything is Connected, Insurance is Catching Up

3, 2, 1 with Sue Keegan: Cyber Reg Info, New Disclosure Compensation Law, Word of the Year

​By Sue Keegan, AIC, MBA, Learning & Development Manager​3 ThingsIt’s that time already – the window is open for business entities regulated by the NYS DFS to submit their annual certification of compliance with the cybersecurity regulation.  The requirements have not changed (other than a later deadline) since the first regulation took effect in 2017.  Click here for a reminder of what does and does not have to be done.Please also check out our cyber page for all the cyber compliance information you’ve ever wanted, and more.2 IdeasCheck out our Answer Center.  If you’ve got a question, we’ve probably already answered it.1 QuestionWhat’s your word of the…

Continue Reading3, 2, 1 with Sue Keegan: Cyber Reg Info, New Disclosure Compensation Law, Word of the Year

Albany Update: State of the State Address, Favorable Amendments on Insurance Disclosure Bill, Modernization Bills Signed

​On Wednesday, Governor Hochul kicked off the official start of the 2022 legislative session with her first State of the State address. Speaking from the Assembly Chamber, Hochul outlined her agenda for the coming year. The wide ranging address outlined initiatives for economic recovery, strengthening the healthcare economy, investing in infrastructure and renewable energy, and restoring trust in government. Notably, she proposed constitutional amendment to impose a two-term limit for Governor, Lieutenant Governor, Attorney General, and Comptroller.Key Takeaways from State of the State:Non-Compete/No-Poach Ban Proposed: Governor Hochul indicated she would propose legislation to eliminate non-compete agreements for workers making below the median wage in New…

Continue ReadingAlbany Update: State of the State Address, Favorable Amendments on Insurance Disclosure Bill, Modernization Bills Signed