Author: SBd6tJhwJA

This author has written 784 articles

Industry Roundup: June 10, 2021

BI Insurance Cases He​​lped Bu​​ild Record Wave of Class Action SuitsClass action lawsuits reached a fever pitch during the past year, with insurance coverage cases involving business interruption (BI) accounting for 21% of COVID-19-related litigation. During 2020, spending on class action litigation grew at a rate more than double that of other litigation spending, reaching a record $2.9 billion.Forgotten Your Passwords? T​​​hey Soon May Be Lost Altogether – wit​h Insurers' HelpThe most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. The rise in phishing has been accompanied by significant innovations in technology and security, with…

Continue ReadingIndustry Roundup: June 10, 2021

3, 2, 1 with Sue Keegan: Answers, Insurance Fraud, & Vacations

​​​3 ThingsSign up NOW for a free-for-members webinar​ hosted by Scott Hobson.  It’s a crash course on Big I NY’s advocacy efforts on your behalf.  You will hear case studies of past campaigns and learn how you can play an important role in fighting for our industry in the current business and political environment.Listen to a two-part A Few Minutes With Tim – Wedding Insurance 101: Part 1 & Part 2.I mentioned in a previous edition that our web site is crammed full of so much good information.  Today I draw your attention to our Answer Center.  We have answers, resources and more on over two…

Continue Reading3, 2, 1 with Sue Keegan: Answers, Insurance Fraud, & Vacations

NY HERO Act Effective Date to be Delayed Until July 5

The recently-passed New York HERO Act was scheduled to take effect today, June 4th. However, the Department of Labor has not yet released model safety plans for businesses to follow, and we have learned that the legislature plans to pass an amendment extending the effective date to July 5th. While the law is technically on the books now, businesses cannot comply with it absent DOL standards and an extension is expected soon; therefore we do not anticipate it will be enforced until July 5th.The National Law Review recently published a comprehensive article outlining the details of the forthcoming amendment​Contact Scott Hobson​ with any questions.Source

Continue ReadingNY HERO Act Effective Date to be Delayed Until July 5