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Albany Update – Legislature Returns, Committee Meetings Held, Business Interruption Campaign Launched

What you need to know:• State lawmakers return to Albany on Monday for a full week session, which is expected to be the last “regular” session week. • Members of the legislature will reconvene virtually in early August for a series of hearings on issues related to COVID-19. A list of specific issues is not yet available. • Big I NY opposes retroactive business interruption coverage mandates and “bad faith” lawsuit bills. We are monitoring underwriting restrictions based on dog breeds and COVID-19 Workers Compensation proposals. Here are the latest developments:Big I NY Launches Business Interruption Campaign:​This week, we rolled out a statewide grassroots campaign to oppose A.10226-B…

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On Our Mind…What it Means to Be Independent

​​By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP of Learning & DevelopmentAhhh to be “independent."Dictionary.com defines it as:not influenced or controlled by others in matters of opinion, conduct, etc.; thinking or acting for oneselfnot subject to another's authority or jurisdiction; autonomous; freenot influenced by the thought or action of othersnot dependent; not depending or contingent upon something else for existence, operation, etc.​You are an independent insurance agent!  You have the freedom to do what is best for your customer.  It is a tremendous benefit that comes with an equally tremendous responsibility.  Of course, price is important, but you have the opportunity to offer ANY company your agency…

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