News

Gerard M. Visco, CIC

Gerard M. (Jerry) Visco-of Holtsville passed away at the age of 89 after an impressive battle resulting from complications due to the COVID-19 virus on April 13, 2020. Jerry is being remembered for being full of love, laughter and having lived a remarkable life that focused around family and business. After serving in the Army on active duty from 1952-1954, he continued in the Army Reserves from 1954-1974 where he achieved the rank of Master Sargent.  During his military career, Jerry also studied at City College and achieved a Bachelor’s Degree and his multiple Insurance Licenses. He began his career as an Independent Insurance Agent…

Continue ReadingGerard M. Visco, CIC

Big ‘I’ Receives $2 Million for Trusted Choice® COVID-19 Relief Fund from Progressive

​Progressive donation to provide relief to Big ‘I’ members facing pandemic challenges.​ ALEXANDRIA, VA, April 16, 2020— The Independent Insurance Agents & Brokers of America (the Big “I”) is pleased to announce that Progressive Insurance has donated $2 million dollars to establish the Trusted Choice® COVID-19 Relief Fund in response to the economic and operational challenges the coronavirus crisis has presented to independent agencies. The grant will be dispersed directly to independent agencies via a Big “I” application process to meet those agencies’ critical needs in the midst of the pandemic.  Independent agencies can apply for assistance online​. “The Big ‘I’ is so grateful for Progressive’s…

Continue ReadingBig ‘I’ Receives $2 Million for Trusted Choice® COVID-19 Relief Fund from Progressive

Health Insurance Producers Must Send Policyholder Notices

​Similar to the requirements that have had property-casualty insurance producers emailing their clients for the past week, a new state regulation requires health insurance producers to notify their clients about new temporary rules. An emergency regulation issued by the New York State Department of Financial Services last week requires health plans and insurers to make certain concessions to customers experiencing financial hardship due to the COVID-19 pandemic. DFS issued the regulation to comply with an executive order issued by Gov. Andrew Cuomo on April 7. The regulation, which is in effect from April 7 to May 7, applies to insurers, health maintenance organizations (HMOs), and…

Continue ReadingHealth Insurance Producers Must Send Policyholder Notices