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​ Big I NY Urges Governor Hochul to Veto Disastrous Wrongful Death Expansion Bill

This week, Big I NY, along with dozens of groups representing a wide swath of New York's employers, issued a letter to Governor Hochul urging her to again veto legislation which would radically increase jury awards in wrongful death lawsuits. This legislation would impose major costs on policyholders, burden taxpayers, stifle economic growth, and destabilize the state's already faltering insurance market. The bill, S.6636/A.6698, would allow for subjective “pain and suffering" damages, substantially expand who would be eligible to receive awards, and retroactive lengthen the statute of limitations for filing wrongful death lawsuits. This would make New York's wrongful death laws the most generous in the…

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The Benefits of Hiring a Consultant to Work with Your Independent Agency

​Written by: Cindy Scharf, Agency Consultant & Corporate Project Manager In today's rapidly evolving insurance industry, staying competitive and efficient is crucial for success. One way insurance agencies can achieve this is by hiring a consultant to assist with process and procedure implementation to help reduce exposure to Errors & Omissions claims. Here are four reasons you should consider working with a consultant.1. Expertise and Industry KnowledgeConsultants specializing in insurance process and procedure implementation bring a wealth of expertise and industry knowledge to the table. They have a deep understanding of the best practices, regulations, and emerging trends within the insurance sector. By leveraging their experience,…

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Teamwork Makes the Dream Work!

​Teamwork makes the dream work!  We made an investment this week.Written by: Lisa Lounsbury, CEO & President of Big I New York​We made a big investment this week.  An investment that will pay dividends to help the success of our members in New York and Connecticut and strengthened our team.  Big I New York and Connecticut staff came together in person this week at the DeWitt, New York (world!) headquarters.  We learned, laughed, produced content (lot's of content!!), had fun and strengthened our team.  And we ate.  A lot!!  It was a really tiring, invigorating and fast paced week that required an investment of time,…

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