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E&S Binding Markets

​E&S Binding MarketsIt's no secret. We are in a very challenging property market. In both the admitted and non-admitted space, we are experiencing pressure like never before. The impact from carrier loss results, inflationary impact, supply chain issues and reinsurance markets are all contributing factors – making this market difficult for retailers across the country.As it continues to impact your business, having a reliable E&S partner has never been more critical. Amwins understands and has the solutions you need. When you tap into our network of property specialists, you get more than 500 industry-fluent professionals who collaborate on risks to provide custom insurance solutions.Our New…

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​ Big I NY Meets with Governor’s Office to Urge Veto of Non-Compete Ban Bill

On Thursday, October 12th, Big I NY met with counsel to Governor Hochul and urged that she veto legislation that would ban the use of non-compete agreements.While we appreciate the intentions behind this bill, we firmly believe that a blanket ban on non-competes would have detrimental consequences for the independent insurance industry, particularly in the context of business sales and acquisitions.Big I NY believes this bill must be vetoed for the following reasons:Preserving Business Value: Insurance agencies invest time and resources in building and maintaining client relationships. A non-compete agreement prevents departing agents from taking clients and policy expirations with them to a competitor, preserving…

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Big I NY Meets with Top NY Insurance Regulator on Dire Market Conditions

​What Happened:On October 2nd, Big I NY's senior leaders met with the state's top insurance regulator to discuss the alarming state of the insurance market. Ted Walsh, Big I NY's Chair of the Board and David Bodenstein, Vice Chair, joined by Lisa Lounsbury and Scott Hobson traveled to the NYS Department of Financial Services (NYSDFS) headquarters in NYC to meet with John Finston, Executive Deputy Superintendent of Insurance, and Ellen Buxbaum, Director of Producer Supervision. In the meeting, we issued a dire warning – if the present trends continue, New York is headed for a crisis of availability.​Why it Matters:As the top official in the NYSDFS's…

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