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Industry Roundup: August 11, 2021

​Marsh Brokers New Amazon Insurance Network Offering Coverage to Online SellersInsurance broker Marsh said it has collaborated with Amazon to build a new digital insurance network, Amazon Insurance Accelerator, where small businesses selling on Amazon can purchase product liability coverage.AM Best Downgrades Credit Ratings for Kingstone Insurance CompanyAM Best has downgraded the financial strength rating to B+ from B++ and the long-term issuer credit rating to “bbb-" from “bbb" for Kingstone Insurance Company (KICO) of Kingston, New York.Companies Are Scrapping Plans for Fall as Delta Variant SpreadsUp until a few weeks ago, corporate leaders felt confident about what to expect this fall. Offices would reopen…

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Albany Update: Governor Cuomo Has Resigned. What’s Next?

​On Tuesday, August 10th, Governor Andrew Cuomo announced his resignation as the state's 56th governor, effective August 24th. Kathy Hochul, the current Lieutenant Governor, will succeed him for the remainder of the term, becoming the state's first female governor. Hochul, a moderate Democrat and upstate native confirmed on Thu​rsday that she intends to run for governor in 2022.What's Next?At a recent press conference, Hochul reiterated that Andrew Cuomo remains the Governor until August 24th, and she will work with him on an orderly transition. She also indicated that she intends to announce who she will appoint as her Lieutenant Governor in the coming weeks, and has…

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A New Way to Lead

​Recently I was thinking back on a lesson I learned from my Junior Varsity basketball coach (many years ago!):  it dawned on me what he was doing and how it applies to what I am working on today for Big I NY. A quick story: we had 13 kids on our roster; like any team we had a strong, regular starting five and then three or four of us who would come off the bench and play significant minutes. The rest of the team played very rarely and were used mainly in practices to play defense, etc.Here is where the story gets good. Our coach constantly worked with, mentored,…

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