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So… Why Join NextGen NY? Short Answer: Opportunity + Community + Fun

Subtitle: Thoughts from the 2025 Local Associations Leaders Summit Abstract: Join NextGen NY for development, statewide networking, leadership opportunities, and meaningful community impact through chapters. Body: ​If you’re a young insurance professional in New York who is ambitious, curious, and eager to make your mark, there’s a place built just for you. It’s called NextGen NY, and it’s where your professional journey takes off.At the Big I NY Local Leaders Summit this September, Ashley Engl, NextGen NY State Chair and Northeast repre​​sentative on the National Young Agents Committee, shared what’s next for the program and how you can get involved.“NextGen is about creating opportunities for…

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NYS Work Comp Assessment To Fall To 7.0%

Abstract: ​The New York State Workers' Compensation Board has announced that the mandatory assessment rate for 2026 will be 7.0%. Body: ​The New York State Workers' Compensation Board has announced that the mandatory assessment rate for 2026 will be 7.0%. This represents a slight decrease from the current level of 7.1%. The assessment, required by the state Workers' Compensation Law​, pays for the board's administrative expenses. It applies to Workers' Comp insurance standard premium or "premium equivalent" (for self-insured employers.)The new rate applies to all policies effective on and after Jan. 1, 2026.  Category: Industry News Published: 11/3/2025 4:42 PM Author: Tim Dodge IAFeaturePost: NONE Source

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New DFS Cybersecurity Guidance Explained

Abstract: What the new DFS third-party service provider (TPSP) letter means and how your agency may respond Body: ​The New York State Department of Financial Services (DFS) issued new cybersecurity guidance for regulated entities, including insurance agencies, focused on third-party service provider (TPSP) oversight under the state's financial services cybersecurity regulation.The update doesn't add new requirements but clarifies how agencies may want to manage vendors with access to nonpublic information.What DFS Section 500.11 RequiresInsurance agencies and other covered entities must maintain written TPSP cybersecurity policies and procedures that address:Identifying your third-party service providersSetting minimum cybersecurity standardsPerforming due diligence on vendor securityPeriodically reassessing each TPSP's controlsThese…

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