News

BREAKING: NYSDFS Adopts Cyber Reg Changes

​The NYS Department of Financial Services this morning formally adopted changes to the cybersecurity regulation. This is something we have been anticipating for nearly 18 months. At the same time, it appears they may have emailed every licensed person for whom they have an email address to announce the adoption. You may have received this email. Here is what you need to know today: We are in the process of reviewing the final version of the amendments. This is the third version of the amendments DFS has published, and it is not identical to what they proposed earlier. ​Both previous versions stated that the earliest date compliance…

Continue ReadingBREAKING: NYSDFS Adopts Cyber Reg Changes

Ready to End Mandatory CARCO Inspections? Grab a Pen and a Stamp…

A few months ago the NYS legislature passed our bill to end mandatory CARCO inspections for the next four years. We are urging the Governor to sign the bill swiftly, it still has not been called to her desk.Big I members have sent thousands of emails and petitions. Now we're going to get old-school: we're going to flood her office with letters. Why physical letters? It demonstrates a higher level of commitment, and gets attention (and they never get caught in the spam filter).Our goal is 250 letters mailed this week. I'm counting on you to pitch in.Copy and paste the below onto agency letterhead,…

Continue ReadingReady to End Mandatory CARCO Inspections? Grab a Pen and a Stamp…

Our Advocacy Push in the Hard Market: A Glimpse Behind the Scenes in October

We know that current market conditions are challenging and frustrating. You, your team, and your clients are stressed. We must "pull the curtain back" so you can see the multi-pronged approach we are taking to work with key stakeholders to stabilize the market. Supporting and advocating for our members and their clients is our highest priority. You are not alone- we have your back.Below is just a glimpse of what we did in October….Research:Engaged outside consultant to determine carrier profitability in New York, Connecticut, and the United States in 4 key lines of businessAnalyzed growth in NYAIP businessMet with ELANY leadership to discuss trends in…

Continue ReadingOur Advocacy Push in the Hard Market: A Glimpse Behind the Scenes in October