Industry Roundup: August 5, 2021

​Insurance Won't be Enough After Miami Condo CollapsePreservation of evidence is critical to understanding why a Florida oceanfront condominium collapsed and to protect the legal rights of victims and others, a judge said Wednesday. Miami-Dade County is expected later this month to hand over control of the Champlain Towers South site to a court-appointed receiver. Cryptocurrency: D&O and E&O Insurance IssuesAs of May 26, 2021, the estimated market capitalization of the cryptocurrency market exceeded $1.7 trillion despite recent market fluctuations. There is growing interest by a wide range of publicly-traded companies in incorporating crypto into their business models given the ongoing market development. Self-Service Apps…

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Governor Signs Legislation Allowing NYSIF to Offer out of State Coverage

​On August 2nd, Governor Cuomo signed legislation which permits NYSIF to write workers' compensation coverage for policyholders' out-of-state employees. NYSIF will partner with carriers in other states to provide coverage to businesses doing work outside of NY, provided the business has more payroll or premium in NY than in all other states combined.According to a press release, NYSIF expects to begin offering this coverage beginning the first half of 2022.Contact Scott Hobson with any questions.​  Source

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There’s hidden talent within your agency – and we’ll help you find it

​Inaugural class begins September 15Spots are very limited forLeadership Academy Class of 2021.Here's why one of your employees should attend:You don’t have the time/format to adequately train your next rising star You have a manager who could use some coaching to really excel in their position and grow your bottom lineThey could be the person who pays for your retirement through agency perpetuationNo matter where someone is in their career, this will unlock their potential and take them to new heightsYou're ready to take a chance and develop talent within your agency that you might not have noticed yet - and we can help you discover who that…

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