Monumental Victory for Agents: Big I NY Wins Lawsuit Appeal Against New York State DFS

​Today, we achieved a monumental victory for independent insurance agents with a unanimous ruling that the controversial “best interest” standard (the first amendment to Regulation 187) for life insurance and annuities imposed by the NYSDFS is unconstitutionally vague. While other member associations backed down over the course of this fight, Big I New York has continuously challenged the amendment since November 2018.[Read the complete text of the ruling] “Today’s ruling is a victory, not just for the state’s independent insurance agents and brokers, but for our customers,” said David MacLachlan, CPCU, Big I NY Chair of the Board. “This regulation has been virtually impossible for brokers to meaningfully comply…

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National Legislative Conference

‘Big I Leads the Way’ with a virtual National Legislative Conference on April 13 – 16, 2021. You are invited to register for this important once-a-year event from the comfort of your office or home.       NO COST TO ATTEND!         NO TRAVEL TO WASHINGTON D.C.! Get the latest data on the many legislative, regulatory, and legal challenges we face. Hear from legislators, carriers, and industry leaders. You will receive a wealth of information in just a few days!   Register today.     Register Here!

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Advocacy Week in Albany

Our usual annual trip to Albany for Advocacy ‘’Day’ had a different format this year. Instead of driving to and from the capital in one day, we were part of a series of well-planned virtual meetings with our representatives throughout the week of February 22nd  I found this arrangement to be even more effective in educating our legislators about insurance matters and other issues that we, as agents and brokers, face regularly. Perhaps, more importantly, we discussed the effects these issues have on our clients and legislator’s constituents.     Big I NY has had numerous “wins” in the past year, illustrating how effective Advocacy…

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