We've been heartbroken to watch the destruction from the recent hurricane occur in our state. The Trusted Choice Disaster Relief Fund is available to assist members and their staff in the event of unrecoverable losses caused by a hurricane or other natural disaster. If a loss occurs that meets the fund's guidelines, please submit a grant application today. Questions may be directed to Madelyn Flannagan. Source
Extreme Weather Buffets Catastrophe Insurance LossesGlobal catastrophe losses hit an estimated $42 billion in the first half of 2021, according to a new report from Swiss Re Institute. Natural catastrophe losses hit $40 billion in the first half, driven by a deep winter freeze, hailstorms and wildfires.Today's Insurance Talent Want These 4 Employee BenefitsAs the COVID-19 pandemic carries on, American workers are caring a whole heck of a lot more about work-life balance, and an increasing number are switching jobs as a result. Amazon Loses Bid to Halt New York Warehouse COVID Safety ProbeU.S. District Judge Brian Cogan in Brooklyn rejected Amazon's claim that Attorney…
A law signed by New York Gov. Andrew Cuomo earlier this month authorizes the sale of a new type of insurance and permits licensed excess line brokers to obtain it. The coverage, called "Excess Business Disability Insurance," was authorized immediately upon the law's enactment on Aug. 2. You may want to discuss with your clients whether they need this coverage.Senate Bill 5760A amended New York Insurance Law Section 1113(a), which lists all the types of insurance that can be sold in the state. It defines Excess Business Disability Insurance as "insurance against financial loss experienced by a corporate entity or a partnership where an individual integral to (its) successful operation…