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Governor Signs Legislation Allowing NYSIF to Offer out of State Coverage

​On August 2nd, Governor Cuomo signed legislation which permits NYSIF to write workers' compensation coverage for policyholders' out-of-state employees. NYSIF will partner with carriers in other states to provide coverage to businesses doing work outside of NY, provided the business has more payroll or premium in NY than in all other states combined.According to a press release, NYSIF expects to begin offering this coverage beginning the first half of 2022.Contact Scott Hobson with any questions.​  Source

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There’s hidden talent within your agency – and we’ll help you find it

​Inaugural class begins September 15Spots are very limited forLeadership Academy Class of 2021.Here's why one of your employees should attend:You don’t have the time/format to adequately train your next rising star You have a manager who could use some coaching to really excel in their position and grow your bottom lineThey could be the person who pays for your retirement through agency perpetuationNo matter where someone is in their career, this will unlock their potential and take them to new heightsYou're ready to take a chance and develop talent within your agency that you might not have noticed yet - and we can help you discover who that…

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Industry Roundup: July 30, 2021

​P&C Insurers' Net Income Increased in Q1 2021According to a new report from Verisk and the American Property Casualty Insurance Association (APCIA), U.S. private property and casualty (P&C) insurers experienced growth in net income after taxes in the first quarter of 2021 when compared to the same period in 2020. However, insurers' combined ratio, which is a key measure of underwriting profitability, worsened.M&A Boom is Under Threat in D.C. As Aon-WTW Deal DissolvesWith a new appetite for stepped-up antitrust enforcement sweeping Washington, big deals are already getting harder to do. Aon's decision on Monday, July 26, to abandon a $30 billion takeover of insurance brokerage…

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