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Big I New York Awarded Maurice Herndon Award

Wednesday, during the Big “I" Legislative Breakfast, Charles Symington, Big “I" president & CEO, presented Big I New York with the 2023 Maurice Herndon Award. The Maurice Herndon award is given every year to the state association that has done exemplary work on legislative issues and government affairs the previous year.“This year's recipient achieved new fundraising levels for both InsurPac, our federal PAC, and their state PAC," Symington said. “They've had very strong participation at the Legislative Conference and strengthened grassroots relationships with key members of their congressional delegation. And on the state level, our winners successfully defeated legislation that would've banned all noncompete agreements…

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Big I NY Advocacy Leads to Kemper Commission Reinstatement

​In response to Big I New York's advocacy work, Kemper Personal Insurance will retroactively reinstate old commission levels for business its agents have produced since last fall. Big I New York learned this news this afternoon during a meeting with representatives of the New York State Department of Financial Services (DFS.) The carrier should formally notify its agents by the end of this month.The carrier, which announced last summer its intention to exit preferred auto and home markets countrywide, has taken several steps to reduce its volume in New York. These measures did not appear to comply with New York Insurance Law Section 3425. That…

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The NJ Earthquake: Answers To Clients’ Insurance Questions

​A magnitude 4.8 earthquake centered west of Manhattan struck the northeastern U.S. this morning. We at Big I New York hope that all of you, your families, friends, and clients are safe and suffered no injuries. However, it is possible that some of your clients suffered property damage. Your phones may ring with calls asking whether homeowners and commercial property insurance covers the damage. Here is what you and they need to know:Standard homeowners and commercial property insurance policies typically do not insure against damage caused by earthquakes or other types of earth movement. The ISO Homeowners 3 – Special Form states that the insurer…

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