Announcing the annual Local Association “Stack the PAC” Challenge!

​​We are excited to announce the reinvigorated, reimagined, “Stack the PAC" local association competition! Each fiscal year (May 1 – April 30), beginning this year, the top performing local association for IAPAC fundraising will be honored with the Champion Cup!What is the purpose of “Stack the PAC?"Now, perhaps more than ever, our industry is facing threats from Albany. Our goal is to drive home the importance of our political action committee, recognize associations that go above and beyond for the cause, and most importantly help independent agencies thrive by growing our influence. How is the winning local association determined?The winner is determined by a weighted…

Continue Reading Announcing the annual Local Association “Stack the PAC” Challenge!

Senator Breslin to Chair NCOIL Special Committee on Race in Underwriting

​This week, the National Conference of Insurance Legislators announced the formation of a Special Committee on Race in Insurance Underwriting. The new committee will study race-related issues in insurance underwriting, with an eye to protect the jurisdiction of state legislatures over the regulation of insurance. The committee will be chaired by Senator Neil Breslin (D, Delmar), the current chairman of the New York State Senate Insurance Committee.The Special Committee will take testimony from stakeholders and work to define “proxy discrimination", which has been used to refer to seemingly neutral practices which disproportionately harm members of certain ethnicity, gender, or other protected class. The committee also…

Continue Reading Senator Breslin to Chair NCOIL Special Committee on Race in Underwriting

Albany Update: Legislature Adjourns, Victory on Business Interruption, “Bad Faith” Bills

 What you need to know:The New York State Senate and Assembly have adjourned for the year.Several bills that Big I NY opposed, including business interruption coverage mandates and “bad faith" liability were not passed.The legislature will hold joint hearings on COVID-19 between July 28th and August 25th. ​As of July 24th, the NY Senate and Assembly stand adjourned at the call of the Majority Leader and Speaker​, respectively. Unlike in past years, all bills “on third reading," meaning those that have passed the relevant committee(s) and are eligible for a vote by the full house, remain on third reading. Legislative leaders can call legislators back to session…

Continue Reading Albany Update: Legislature Adjourns, Victory on Business Interruption, “Bad Faith” Bills