by Sue Keegan, AIC, MBA, Learning & Development ManagerClass PicksPop Culture PickLooking for a show to binge? Check out Abbott Elementary. It’s a mockumentary series that follows the lives of educators at an underfunded public school in Philadelphia. It even has a perfect Rotten Tomatoes score. Rotten Tomatoes describes it as an “empathetic yet sidesplitting critique of the U.S. education system.”Source
Today, NY First, Big I NY’s coalition of agents and independent insurance carriers, issued a press release kicking off our public relations campaign aimed at building support for legislation to make auto photo inspections (CARCOs) optional at the discretion of insurers. The bill, dubbed the Auto Insurance Consumer Relief Act (S.6028), passed the New York State Assembly with bipartisan support at the end of March. If enacted, the bill will make it easier for customers to obtain comprehensive and collision coverage, and provide regulatory relief to consumers, independent agents and brokers, and insurance companies.In the coming month, Big I NY agents and our carrier partners will…
Pricing for Insurance Lines Begins to Stabilize Excluding CyberThe commercial insurance market is beginning to show signs of normalcy in 2022, despite a steady slowing of rate increases. According to the 2022 Marketplace Realities Report, Spring Update by WTW, a leading global advisory, broking, and solutions company, buyers are still seeing rate increases; however, many of those increases are now dropping to single digits and even flat renewals.AIG Considers Adding Policy Exclusions for Russia, UkraineAccording to an insurance broker and a source familiar with the matter, one of the world's largest commercial insurers, AIG, is considering cutting cover for Russia and Ukraine in order to…