Blog

New Increased Commission Structure through PMC

​We are excited to inform you about an increased commission structure for accounts $50K and above being offered by PMC Insurance Group, the exclusive Workers’ Compensation wholesaler for Big I NY members.Within the past few months PMC has expanded their Workers' Compensation capabilities in all industries to deliver more options and solutions for you and your clients. They offer a wide range of solutions for challenging and underserved industries including those with high mods/large losses, out of state exposures, and more. PMC has specialized Workers’ Compensation programs include the following industries:Healthcare (Home Health, Nursing Homes, Assisted Living)Temp Staffing (healthcare staffing, manufacturing, light/heavy industrial)Transportation (Long/Short Haul, FedEx, Fuel Oil, Package/Parcel Delivery, Non-emergency Transportation)Contractors (small to large,…

Continue ReadingNew Increased Commission Structure through PMC

Industry Roundup: ​Help Wanted as New York City Implements Law Requiring Salary Ranges in Job Ads; Live Event Insurance Changes Call on Agents to Review Coverages; The Average Length of Time for Collision-Related Rentals Grows

​​Connecticut Legislators Pass Consumer Data Privacy 'Bill of Rights'Consumers in Connecticut will be able to know when their personal information is being tracked and how it's being used under a wide-ranging data privacy bill that's headed to Gov. Ned Lamont's desk.Help Wanted as New York City Implements Law Requiring Salary Ranges in Job AdsJust four months ago, city lawmakers voted to require many ads for jobs in the nation's most populous city to include salary ranges, but lawmakers will likely vote to postpone it for five months after employers waved red flags.Live Event Insurance Changes Call on Agents to Review CoveragesCarriers are introducing new targeted…

Continue ReadingIndustry Roundup: ​Help Wanted as New York City Implements Law Requiring Salary Ranges in Job Ads; Live Event Insurance Changes Call on Agents to Review Coverages; The Average Length of Time for Collision-Related Rentals Grows

An Expert Answers Your Questions About Cybersecurity

​PropertyCasualty360.com has a post up on its site today that features a question-and-answer session with Troy Stairwalt, chief information security officer of Westfield Insurance. I encourage you to read the entire article, but here are some excerpts I want to emphasize:"Here are three common ways an agency is most likely to be caught in a cyberattack:RansomwareSupply chain managementThird-party vendorsAll three represent real cyberthreats to agencies for several reasons including:Increase in cyberthreat activity;Increasing regulatory requirements and repercussions; ...New requirements simply to be eligible to apply for cyber insurance coverage. ...Industry, state and federal regulations have been — and will become — increasingly onerous in response to…

Continue ReadingAn Expert Answers Your Questions About Cybersecurity