Industry News

​The New York State Workers Compensation Board is is presenting monthly webinars for employers, starting today. You and your clients may find the information useful.The webinars, presented by the Board's Advocate for Business, will address basics of the state's Workers' Compensation system, coverage requirements, and employer obligations. They will also address:Who does and does not need coverageHow and when to report workplace injuries and illnesses, including cases of COVID-19Factors to consider when an employer hires independent contractors, laborers and domestic workersHow to reduce premiumsPenalties and where to go for help with themThe sessions are free of charge and do not require pre-registration. More information can…

​The New York State Department of Financial Services has asked producer trade organizations to distribute the following message:Dear Producers,Section 4 of the New York Automobile Insurance Plan (NYAIP) manual provides for the Department of Financial Services to appoint at least 4 public member alternates to the Governing Committee of the NYAIP. Section 15A of the New York Automobile Insurance Plan (NYAIP) manual provides for the Department of Financial Services to appoint at least 4 public members,  1 company member and their respective alternates to the Producer Certification Peer Review Panel.At the request of the Department of Financial Services (DFS,) the NYAIP is soliciting producer trade…

​Photo by Sue Thompson​. Used under a Creative Commons Attribution-No Derivatives 2.0 license​. Insurance standards setting organization ACORD has announced revisions to two of its published forms pertaining to flood insurance. You should plan on using the new editions starting in December. ACORD is treating both as new forms due to the number of changes.​ACORD 301 (2022/12), National Flood Insurance Program - Flood Insurance Application, replaces the 2015/04 edition. It is designed to work with the NFIP's Risk Rating 2.0: Equity In ACTION rating methodology, introduced last year. ACORD 304 (2022/12), NFIP - Flood Insurance Cancellation/Nullification​, replaces the 2018/08 edition. It is designed to work with the policy cancellation…