Industry News

Body: ​New requirements taking effect on December 30 will force construction contractors wishing to big on public works projects to register with the New York State government. Big I New York members who insure contractors may hear about this from their clients.Under a law enacted in 2022 and amended in 2023, these contractors must register with the New York State Department of Labor. They will receive certificates of registration that will enable them to bid on and work on public works projects and certain private projects that are subject to the public works law contained in the state's labor law. The law applies starting on December…

Abstract: Big I New York met with the New York State Department of Financial Services (DFS) Deputy Superintendent of Insurance Bhavna Agnihotri and other DFS leaders on Monday regarding the state of the homeowners insurance market. Body: ​Big I New York met with the New York State Department of Financial Services (DFS) Deputy Superintendent of Insurance Bhavna Agnihotri and other DFS leaders on Monday regarding the state of the homeowners insurance market. The conversation focused on market disruptions expected when thousands of Adirondack Insurance Exchange and Mountain Valley Indemnity Co. policies are cancelled on December 31, 2024. Big I NY President and CEO Lisa Lounsbury, AVP…

Abstract: ​The New York State Attorney General's office is offering a new Business Guide to Website Privacy Controls​ to help businesses better protect consumers who visit their websites. Body: ​The New York State Attorney General's office is offering a new Business Guide to Website Privacy Controls​ to help businesses better protect consumers who visit their websites.Attorney General Letitia James said in a news release that businesses do not always accurately describe to website visitors how their information is tracked and the privacy controls they employ. The new guide:Identifies common mistatkes businesses make.Describes steps they can take to identify and prevent issues.Provides information to help businesses comply with…