Industry Roundup: The Future of Work; Unvaccinated Employees Risk Job Losses; Allianz Warns of Cyber Pandemic Driven by Ransomware

​Bigger Ships are Causing Greater Supply Chain RisksSeverely disruptive events often expose previously unseen or underappreciated vulnerabilities. Add to the list how the trend toward increasingly mammoth vessels is making global supply chains even more fragile.Insurance Agency M&As Up 13% Thus Far in 2021There were 553 announced insurance agency mergers and acquisitions during the first three quarters of 2021, up from 490 in 2020, According to an OPTIS Partners' M&A report, that was the highest recorded total for this period.Lessons from the Pandemic for Event Cancellation CoveragesEvent cancellation insurance has been one of the most impacted by the pandemic — and the event insurance market…

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Governor Hochul Recommends Gaurav Vasisht as NYSIF Executive Director

​Governor Kathy Hochul has recommended Gaurav Vasisht to serve as Executive Director of the New York State Insurance Fund (NYSIF). Ultimate responsibility for appointing the Exeuctive Director rests with the NYSIF Board of Commissioners.Mr. Vasisht has served as an advisor to a former Chairman of the Board of Governors of the Federal Reserve System, as a lawyer to three Governors of New York, and in key roles at the New York Department of Financial Services, its predecessor, the New York Insurance Department, and the New York Attorney General's Office. As Senior Vice President and Director of the financial regulation program at the Volcker Alliance ("Alliance") from 2014…

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Big I NY & CT members have a “Guardian” protecting them!

I am proud to share that Scott Hobson, AVP of Government Relations for Big I New York & Connecticut, was awarded the 2021 Guardian of Civil Justice Award from The Lawsuit Reform Alliance of New York (LRANY) today. LRANY is a nonpartisan, not-for-profit grassroots organization dedicated to reducing lawsuit abuse for the benefit of all New Yorkers. Scott was honored for his work as a former employee of LRANY and his tireless work for Big I NY & CT members to advance a fairer and more balanced tort system.Scott started with Big I New York in 2018 and had an immediate impact on the meaningful…

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