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New Cybersecurity Reg Resource: How to ID ‘Nonpublic Information’

​One question we frequently get from members is whether a specific type of information is "nonpublic information" that the New York cybersecurity regulation requires them to protect. We've created an easy-to-use decision tree to help you figure that out. Simply answer the yes-no questions in order and you will be able to determine whether the regulation requires you to protect it or not.This file will be permanently posted in the Compliance Resources section of the Cybersecurity page on our website (www.biginy.org/cyber​). Click here to download it now​. Note: If you want to print it, you may have to adjust the print settings to shrink the file…

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New & Improved: Big I NY Answer Center

​We are happy to announce the new and improved Answer Center​ in the Big I New York website. In the Answer Center you can find information on New York insurance laws and regulations that affect your business every day, including:​Laws and regulations that apply to agents and brokersLaws and regulations that apply to carriers and banksLicensing and continuing education issuesInformation on coverages such as auto and floodSpecial issues such as COVID-19Market accesand more. A "Frequently Asked Questions" page is coming soon. The Answer Center is a member benefit that your dues pay for, so you will need to log in with your email address and password to…

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UPC To Be Liquidated; Client Form Letter Available

​Florida-based property-casualty insurer UPC Insurance is insolvent and is to be liquidated, according to a consent order made public on Feb. 17. If you have clients who own UPC policies, we urge you to contact them as soon as possible to inform them of this development and discuss replacing coverage.The insurer, which as of last summer had 151,325 policies in force in six states other than Florida (including New York,)  was under the supervision of the Florida Office of Insurance Regulation pursuant to a runoff plan​ agreed to by the insurer and the OIR last December. The plan was for the insurer to remain solvent while…

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