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Support a Local Cause: Nominate a Charity for an IICF Grant

Abstract: Nominate a nonprofit for the 2025 Insurance Industry Charitable Foundation (IICF) Local Grant Program. Body: ​Independent insurance agents across New York and Connecticut have always been the heart of their communities - volunteering their time, supporting local initiatives, and stepping up in moments of need. Now, you have an opportunity to take that impact even further by nominating a nonprofit for the 2025 Insurance Industry Charitable Foundation (IICF) Local Grant Program.The IICF Northeast Division is offering grants of at least $2,500 to deserving 501(c)(3) public charities that serve communities in New York, New Jersey, and Connecticut. As an agent, you can be the sponsoring insurance…

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DFS Proposes Hurricane Deductible Trigger Regulation

Abstract: The New York State Department of Financial Services (DFS) has formally proposed an amended regulation on hurricane deductible triggers. Body: ​The New York State Department of Financial Services (DFS) has formally proposed an amended regulation on hurricane deductible triggers. The department is accepting comments from the public until July 7.The regulation will implement a law enacted last year. That law, which Big I New York supported, requires the department to “by regulation establish standards for hurricane windstorm deductibles, which create, to the greatest extent possible, uniformity in the operation of such deductibles with respect to the triggering event." The law was intended to respond…

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NY High Court Lowers Bar To Suing Over Dog Bites

Abstract: It will be easier for victims of dog bites to hold pet owners liable thanks to a ruling last month from New York's highest court. Body: ​It will be easier for victims of dog bites to hold pet owners liable thanks to a ruling last month from New York's highest court. The Court of Appeals unanimously overturned previous rulings holding dog owners to a “strict liability" standard, meaning that the owner had no defense against a lawsuit only if they had “actual or constructive knowledge of their animal's vicious propensities." The case involved a postal worker bitten in 2018 by a 70-pound dog while…

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