Advocacy

Big I NY's Photo Inspection Law Now EffectiveOn May 15th, our law to allow carriers to waive CARCO inspections​ went into effect. From now until October 2027, carriers doing business in NY may waive any or all CARCO inspections. Already, many carriers have announced they are waiving inspections, including Safeco, Travelers, Plymouth Rock, National General, and New York Central Mutual. We expect more carriers to follow suit.Big I NY Calls for Lawsuit Lending DivestmentThis week, Big I NY joined groups representing businesses, municipalities, and insurers, in urging the New York State and New York City pension funds to investigate and divest from third party litigation…

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​What Happened:Yesterday, the Federal Trade Commission (FTC) sent shockwaves through the employer community with the announcement of a nationwide ban on noncompete agreements. The controversial and highly-publicized regulation was approved following a 3-2 vote of the commissioners. The rule now enters a 120-day public comment period before being effective.While the media coverage may give the impression this is a done deal, that is hardly the case. Despite the FTC's action yesterday, the ultimate fate of the noncompete agreement regulation remains in serious question. The FTC maintains that it possesses the legal authority to prohibit the use of noncompete agreements (and to ban other business practices and…