Industry News

​​A newly adopted amendment to the insurance licensing law in California will require most emails sent by producers to include their California license numbers. The change was signed into law by California Gov. Gavin Newsom on September 18 and takes effect on January 1, 2023. If you have a California license, you will need to comply with this requirement for emails with anyone who has a loss exposure in that state.Current state law already requires producers to include their license numbers on business cards, written price quotations, and print advertisements in a specified type size. Section 13 of the new measure adds emails to that list. It…

​The New York Automobile Insurance Plan (NYAIP) this week announced a series of rule changes that will impact how certified producers service clients insured through the Plan and the fees they can charge for those services.Under the revised rules:Deposit premium payments for all new business applications must be made electronically Producers will be required to accept the insured’s deposit premium in the form of a bank check, certified check or money order made payable to the producer for the insured’s portion of the initial deposit premium, if the insured cannot pay by credit card or debit cardVirtual confirmation of the owner/operator and virtual witness of signatures will…

​As War Rages on, Cyber-Insurer War Exclusion Clauses Face ReckoningAs more state actors engage in cyberwarfare, insurance companies and private businesses are struggling to find common ground on what the "War Exclusion Clause" means for them.Trends Shaping the US Transportation Insurance MarketThe transportation industry is driving into a barrage of headwinds in the form of inflation, rising gas and diesel prices, lower freight rates, supply chain disruptions, and ongoing challenges in the highly litigious liability arena.What Does a Recession Mean for Insurance Payments?Now more than ever, customers expect a modern checkout experience with flexible payment options and customer-first experiences.Is the Four-Day Workweek an Inevitable Part…