Author: SBd6tJhwJA

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Insurers, Get Your Act Together on Commercial Lines Renewals

​[The following is an updated version of a post from 2014. Unfortunately, the message is still very relevant in 2022.]I turned 61 last month. (Insert jokes about old age here.) A few weeks before I turned 25, way back during the Ronald Reagan years, the New York State Legislature passed and Gov. Mario M. Cuomo signed a bill into law, formally known as Chapter 220 of the Laws of 1986. It slapped new requirements on insurers​ that wanted to cancel or non-renew commercial insurance policies or make major changes to them. No longer could insurers double a business’s premium or exclude important coverage with no advance…

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Introducing CNA Surety, Available Through IMS Access

It took months to land that important account.  You followed up with responsive service and valued insurance products.  Now, this key customer just requested a surety bond. And...they need the bond by tomorrow.  Why take the risk of referring this hard won client to a competing agent?           You now have access to a surety provider with capacity, experience and the right tools to meet your client's surety and fidelity bond needs. CNA Surety is known for its expert underwriting, solid financial strength, market leadership and creative solutions to all bonding requirements. The CNA Surety group of companies ranks as one of the…

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NYAIP Seeks Public Members for Governing, Peer Review Committees

​The New York State Department of Financial Services has asked producer trade organizations to distribute the following message:Dear Producers,Section 4 of the New York Automobile Insurance Plan (NYAIP) manual provides for the Department of Financial Services to appoint at least 4 public member alternates to the Governing Committee of the NYAIP. Section 15A of the New York Automobile Insurance Plan (NYAIP) manual provides for the Department of Financial Services to appoint at least 4 public members,  1 company member and their respective alternates to the Producer Certification Peer Review Panel.At the request of the Department of Financial Services (DFS,) the NYAIP is soliciting producer trade…

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