Big I NY Agents Call on Governor Cuomo to Sign Regulatory Relief Bills

​This week,  Big I NY launched an email campaign​ calling on agents to tell Governor Cuomo to sign two key regulatory relief bills.  A.7540-B/S.5815-C would provide a cure period for small businesses to correct the first-time violation, rather than be required to pay a substantial fine, while also continuing to protect the public. First-time violations would not be forgiven for regulatory offenses that harm public safety, health, or the environment, violate human or civil rights laws, violate penal law, or result in loss of employee wages or benefits.  A.842/S.5812​ would require state agencies to consider how proposed rules would affect small businesses, including the minimum time needed…

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New State Law Aims To Protect Domestic Violence Victims in Workplace

​ Victims of domestic violence will have new protections against discrimination in the workplace under a New York State law​ taking effect November 18. The measure, which the State Legislature approved in May and Gov. Andrew Cuomo signed in August, places new restrictions on how employers may treat victims. The new law prohibits employers and licensing agencies  from: Refusing to hire or employ, or firing an individual because of her status as a domestic violence victim Discriminating against that individual in compensation or in terms, conditions or privileges of employment Printing or circulating statements, advertisements or publications; using employment applications; or making inquiries about prospective…

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Several Personal Umbrella Carriers to Implement Major Changes

  • Post category:News

​Recent announcements from several personal umbrella carriers outline major changes in coverage that will leave agents scrambling to find a new market for their clients.  For example, one major standalone umbrella carrier will begin requiring underlying auto liability limits of at least $1 million in some states and $500,000 in all others. That carrier will also require $1-million underlying uninsured/underinsured motorist coverage limits when excess UM/UIM  is purchased.  Other carriers, meanwhile, have announced that they will be non-renewing all their personal umbrellas nationwide. IAAC has personal umbrella markets to assist agents if they are dealing with carrier shifting underwriting guidelines.​  Click here to get started​ Source

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