The Facts About the New York Dog Breeds Law

​A new law​ taking effect in New York on January 28 puts new restrictions on homeowners insurance carriers. They cannot:Refuse to issue or renewCancel, orSurcharge a rate or premiumbased solely on the breed of a dog in the household. Carriers may still:​Exclude coverage for liability losses caused by a dogImpose a sub-limit of liability for dog-related liability lossesTake any of the prohibited actions if a court has declared the specific dog in the household to be dangerous. We have been told that this is a rare occurrence. The law applies to homeowners and renters insurance policies. It also applies to commercial policies insuring one- to four-family dwellings…

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Industry Roundup: ​OSHA Withdraws Private Company Vaccine-Or-Test ETS; Anthem Offers Verdict on Covid Costs; Progressive Insurance Hit by Massive Slump In Net Income; How Did the US P&C Market Fare in 2021?

​OSHA Withdraws Private Company Vaccine-Or-Test ETSA federal vaccination mandate aimed at requiring companies with more than 100 employees to have staff vaccinate or test weekly for COVID-19 is off again as the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) is withdrawing its temporary vaccination and testing emergency standard (ETS).Anthem Offers Verdict on Covid CostsAnthem Inc. said medical costs in 2022 will still be elevated due to COVID-19, a sign that the pandemic will continue to cast a shadow over the health industry as it enters its third year.Progressive Insurance Hit by Massive Slump In Net IncomeProgressive Insurance's performance in December 2021 took…

Continue ReadingIndustry Roundup: ​OSHA Withdraws Private Company Vaccine-Or-Test ETS; Anthem Offers Verdict on Covid Costs; Progressive Insurance Hit by Massive Slump In Net Income; How Did the US P&C Market Fare in 2021?

Albany Update: Adrienne Harris Confirmed, Agents Meet With Senators on Photo Inspection, Mask Mandate Ruled Unconstitutional

​On Tuesday, the NYS Senate confirmed Adrienne Harris as Superintendent of Financial Services by a vote of 54 to 9. Read Big I NY's statement congratulating Harris on her confirmation as the state's top financial services regulator. Also this week, Big I NY agents met with several key state senators to urge them to support our photo inspection reform bill. The bill would allow insurance companies to make photo inspections for comprehensive and collision insurance optional, saving significant time and frustration for customers. Agents had the opportunity to meet with their lawmakers and voice their concerns. Meetings were productive, and so far several new senators…

Continue ReadingAlbany Update: Adrienne Harris Confirmed, Agents Meet With Senators on Photo Inspection, Mask Mandate Ruled Unconstitutional