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RT Binding 2024 Binding Authority Submission Excellence

​The continuation of the hard market is evident as both standard and E&S carriers face underwriting challenges contributing to a narrowing of business appetites and thus increasing shopping for retail agents and brokers. Effective submissions get you noticed and help achieve results that improve the insurance solutions you provide. RT Binding wants to help you help your clients with the below advice on what makes an excellent submission!General Submission Information Tell the story (below is a guide for information that may be helpful to provide during the submission process. More complex risks will likely require more information than straightforward risks.) Confirm admitted markets are not in playWhat is…

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Agents Lobby on Pro-Consumer Measures at NY Day on the Hill

​This week, members of Big I NY's Group of 100​ traveled to Albany for our “Day on the Hill" to meet with state lawmakers and urge them to support proposals that will help New York consumers. The state budget process is in full swing, and Governor's recently released budget includes many proposals that will impact policyholders.First and foremost is the dire state of New York's insurance market. Policyholders are struggling with rising rates and shrinking availability, and agents are facing new challenges obtaining coverage for their customers. G100 members lobbied in support of common-sense changes to the recently enacted supplemental spousal liability law, including applying…

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2023: Our Most Successful Advocacy Year…Yet!

​With the new year upon us, let us take a moment to reflect upon 2023, which was easily the most effective and successful legislative session in recent history for Big I NY. The victories we achieved this year will have lasting impacts on independent agencies and their customers. These accomplishments were achieved, in no small part, due to the tireless advocacy of our members and our government affairs team in Albany.Photo inspection reform and unfair quoting practices legislation signed into law:In 2023, Big I NY was successful in passing a law to allow insurance companies to waive CARCO inspections for the next four years. Based on…

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