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On Our Mind: The Importance of Consistency

By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP of Learning & Development​ ​Things that are inconsistent…the stock market, the weather, my golf game, diets, auto correct, Will Ferrell movies. Things that are consistent…your best friend, your favorite food, your morning routine and finding inappropriate posts on social media. One thing that I have been leaning on during these past number of weeks has been the tremendous support, collaboration and cooperation amongst the staff here at Big I NY. Every day (remotely) I am amazed at the quality of content, information and research that is being produced. The effort comes from long term employees or ones that…

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DFS: No Need to Send Producer COVID-19 Notices Through U.S. Mail

​Following a request from Big I New York, the New York State Department of Financial Services today said that insurance producers are not required to use U.S. Mail to send policyholder notices about a current moratorium on policy terminations. On March 30, the department published a new insurance regulation 216 and a new section to the state banking regulations, in response to an executive order issued by Gov. Andrew Cuomo the day before. Those regulations: Implemented a 60-day moratorium on policy cancellations, non-renewals, and conditional renewals Required insurers and premium finance companies to offer alternative premium payment arrangements to policyholders suffering from the COVID-19 pandemic…

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Webinar on Gathering Information on the Payroll Protection Act

​This free, on-demand webinar provided by Big I by Agency CFO (Advisory Group LLC) covers gathering information and answers questions on the Payroll Protection Act.   The PRICELESS piece is the self-calculating worksheet for figuring out how much you can borrow and their offer of FREE help to Big I members. In addition to this Big I member benefit, agents can also offer this information to their clients. ​ Source

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