DFS Revises Proposed Cyber Reg Changes

​The New York State Department of Financial Services (DFS) today proposed revised changes to its cybersecurity regulation. Today's publication in New York State Register​, the state's weekly compilation of regulatory changes, modifies amendments DFS proposed last fall. The revisions proposed today respond to comments Big I New York and others submitted earlier this year on the first proposal.Most Big I New York members are agencies with eight or fewer employees. Much of the impact of the proposed amendments is on larger organizations such as carriers and banks. However, our preliminary review of today's proposal found some changes that affect all agencies and brokerages.Last fall's proposal would…

Continue ReadingDFS Revises Proposed Cyber Reg Changes

Culture Corner: What Matters When Adding to Your Team

​By Julie FurstWhat matters when choosing a new team member:SkillsetExperienceAttitudeCommunication stylePotential for growth and learningWork ethicWillingness to collaborateWhat doesn't matter:What they look likeWho they loveIn fact, diversity in your team helps you understand, empathize with, and serve more people. More customers.And different experiences and viewpoints just make life more interesting.Source

Continue ReadingCulture Corner: What Matters When Adding to Your Team

End of Session Update: Four Bills Affecting Your Agency That May Soon Become Law

This week, the New York State legislature adjourned until January of 2024. The legislature passed thousands of bills, including several that will have impacts for your agency. Big I New York actively lobbied on these issues and we are pleased that two of our highest priority bills have passed the legislature and will soon be sent to the governor for action.Photo Inspection ReformWhat the Bill Does: Allow insurance companies to waive CARCO inspections​ for the next four years. After four years the change will sunset and photo inspections will again be required, unless the bill is extended or further modified.What it Means for You: This bill…

Continue ReadingEnd of Session Update: Four Bills Affecting Your Agency That May Soon Become Law