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Industry Roundup: ​OSHA Withdraws Private Company Vaccine-Or-Test ETS; Anthem Offers Verdict on Covid Costs; Progressive Insurance Hit by Massive Slump In Net Income; How Did the US P&C Market Fare in 2021?

​OSHA Withdraws Private Company Vaccine-Or-Test ETSA federal vaccination mandate aimed at requiring companies with more than 100 employees to have staff vaccinate or test weekly for COVID-19 is off again as the U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) is withdrawing its temporary vaccination and testing emergency standard (ETS).Anthem Offers Verdict on Covid CostsAnthem Inc. said medical costs in 2022 will still be elevated due to COVID-19, a sign that the pandemic will continue to cast a shadow over the health industry as it enters its third year.Progressive Insurance Hit by Massive Slump In Net IncomeProgressive Insurance's performance in December 2021 took…

Continue ReadingIndustry Roundup: ​OSHA Withdraws Private Company Vaccine-Or-Test ETS; Anthem Offers Verdict on Covid Costs; Progressive Insurance Hit by Massive Slump In Net Income; How Did the US P&C Market Fare in 2021?

Albany Update: Adrienne Harris Confirmed, Agents Meet With Senators on Photo Inspection, Mask Mandate Ruled Unconstitutional

​On Tuesday, the NYS Senate confirmed Adrienne Harris as Superintendent of Financial Services by a vote of 54 to 9. Read Big I NY's statement congratulating Harris on her confirmation as the state's top financial services regulator. Also this week, Big I NY agents met with several key state senators to urge them to support our photo inspection reform bill. The bill would allow insurance companies to make photo inspections for comprehensive and collision insurance optional, saving significant time and frustration for customers. Agents had the opportunity to meet with their lawmakers and voice their concerns. Meetings were productive, and so far several new senators…

Continue ReadingAlbany Update: Adrienne Harris Confirmed, Agents Meet With Senators on Photo Inspection, Mask Mandate Ruled Unconstitutional

Statement from Big I NY on the Confirmation of Adrienne Harris as Superintendent of Financial Services

​Today, Big I New York, a statewide nonprofit trade association representing approximately 1,500 independent insurance agencies and their over 12,000 employees, congratulated Adrienne Harris on her confirmation by the NY Senate as the state’s Superintendent of Financial Services. “Adrienne Harris’ impressive experience as a public servant, educator, and leader in the financial services sector, combined with her thoughtful regulatory philosophy, make her exceptionally well-qualified to serve as one of the most important financial regulators in the nation,” said Lisa Lounsbury, Big I NY’s President and CEO. “We congratulate her on this extraordinary achievement, and are confident she will serve the people of New York with honor and…

Continue ReadingStatement from Big I NY on the Confirmation of Adrienne Harris as Superintendent of Financial Services