Industry Roundup: June 3, 2021

4 Best Agency Website Fe​atures to Generate Insurance LeadsDesign and functionality are the yin and yang of a powerful insurance agency website. Your website's appearance works to build trust with consumers. The features and functionality increase the likelihood of visitors becoming leads. Here are four of the best lead-generating features to focus on for your website.​Auto Telematics' Poten​​tial Benefits & PitfallsAuto telematics has the chance to give consumers lower, fairer prices while incentivizing safe driving behaviors, but “guardrails" are needed to prevent the data collected by these programs from being misused, according to the Consumer Federation of America's (CFA) white paper, “Watch Where You're Going:…

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Industry Roundup: May 28th, 2021

​COVID Takes $8 ​​Bi​​llion Bite Out of Global Multiline InsurersGlobal multiline insurers (GMIs) took an $8 billion hit in 2020 thanks to the COVID-19 pandemic, according to a new report from S&P Global Ratings. However, no insurer among those rated in the report fell into a position where its capital position was insufficient to meet regulators' expectations. Cannabis Insuranc​​e M​​arket Set to Soar Under Biden AdministrationThe cannabis market in the US got some uplifting news last week when officials in New York finalized a deal to legalize recreational marijuana in the state, opening the doors for a $4.2 billion industry, according to The New York…

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Proposed Regulation Caps Intermittent Paid Family Leave Days

​The New York State Workers' Compensation Board has proposed a regulation that would clarify the length of paid family leave when an employee takes it intermittently. In some situations, such as when an employee is caring for an elderly parent, the employee may not need to take paid family leave all at once. For example, if the parent has a home health aide visit twice a week, the employee may need to take leave of a few non-consecutive days a week. However, the law creating the paid family leave requirement and the implementing regulations state the maximum amount of leave in terms of weeks, not days.The…

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