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Big I NY Works With DFS To Resolve Cyber Filing Problem

​We are happy to announce that the New York State Department of Financial Services (DFS) has resolved a problem that prevented some New York licensed agents and brokers from submitting the appropriate cybersecurity notice of exemption form. The DFS addressed the issue after Big I New York contacted them about it.New York's Cybersecurity Requirements For Financial Services Companies regulation, 23 NYCRR 500​, makes certain companies partially exempt ​from its requirements and certain individuals completely exempt. Those companies and individuals must submit a Notice of Exemption on the DFS website so that the department's computer system is aware of the exemptions. Failure to do so will…

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Albany Update: New York Has a Budget – What’s in it for You and Your Customers?

This week, the New York state leaders reached an agreement on a $212B state budget, the largest in the state's history. Ultimately, most of smaller policy provisions proposed by the Governor were removed, but many “big picture" policy pieces made the final cut. Here is a summary of the key pieces affecting you and your customers:No-Fault Anti-Fraud (Rejected): Big I NY supported the Governor's proposal to more easily and aggressively prosecute medical providers (“medical mills") that commit no-fault fraud, and lobbied members of the legislature on this issue during Independent Agents Advocacy Week. Unfortunately, this proposal was not included in the final budget. We are…

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Industry Roundup: April 8th

Insurers Beware: Potential Impacts of New York's Cyber Insurance Risk Framew​​ork​During its current legislative session, New York is c​onsidering a proposed privacy bill that would greatly enhance consumer privacy rights, increase business obligations and create new litigation/enforcement exposure.Workplace Safety Considerations a​s the Vaccine Rolls Out​With the vaccine continuing to roll out across the country, you may have questions besides if you should or shouldn't require your employees to be vaccinated, like - do vaccinated employees need masks? Should we track who has been vaccinated?  Learn more about this important considerations as you re-open your agency.Big 'I' and Future One Re​lease 2020 Agency Universe Study COVID-19…

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