• NYS DFS Requires Insurers & Premium Finance Companies to Allow Deferment
    Abstract: The NYS DFS today adopted an emergency regulation requiring NYS regulated issuers of life insurance and annuity contracts, property and casualty insurers and premium finance agencies to provide relief to NY consumers and businesses experiencing financial hardship due to COVID-19. Body: ​"The New York State Department of Financial Services… Read more »
  • On Our Mind: Tips for Working From Home
    Abstract: ​Like many others, I have been working from home this past week. Our house is a bit crowded and our routines are obviously off, but we have made it!!! My wife hasn’t asked me to go back to the office ...yet. Body: ​​​​​​​By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP… Read more »
  • NYSDFS Urges Insurance Firms To Help Customers During Pandemic
    Body: The New York State Department of Financial Services has asked the insurance entities it regulates to ease the financial hardship consumers and businesses are experiencing due to the COVID-19 outbreak. The department called on the industry to take "reasonable and prudent actions" in a circular letter published on March 19, 2020.According to… Read more »
  • NYSDFS: Even During Pandemic, Client Consent Required For Emailed Policies
    Abstract: ​The New York State Department of Financial Services has reaffirmed its opinion that insurers and producers must obtain a client's consent before providing electronic copies of policies. Body: ​The New York State Department of Financial Services has reaffirmed its opinion that insurers and producers must obtain a client's consent… Read more »
  • E&O Risk Management and the Coronavirus (COVID-19)
    Abstract: By Swiss RE Corporate Solutions You are all very aware of the events of the last several weeks and the Coronavirus. We are not health experts and there are many others more qualified to give you that advice. We CAN, however, give advice regarding how to reduce the likelihood… Read more »
  • ​News from NYS DFS Regarding CE, License Renewals and Exams
    Abstract: In response to the current public health threat the Covid-19 virus presents to the general public, New York State Department of Financial Services Licensing Services is implementing temporary emergency procedures in regards to insurance continuing education testing and license renewal. Body: The NYS DFS is ​temporarily allowing self-monitoring of exams… Read more »
  • Some Considerations for Laying Off Employees
    Abstract: Given the turbulent and uncertain circumstances surrounding the impacts of the coronavirus and stay-at-home orders, many companies are making hard decisions about laying off their employees. Here are a few thoughts to consider. Body: Given the turbulent and uncertain circumstances surrounding the impacts of the coronavirus and stay-at-home orders,… Read more »
  • How to Surrender Plates while the DMV is Closed
    Abstract: We reached out for clarification on this common question and learned registrants should continue to mail registration plates to the DMV. NY DMV’s Central Office has not closed. They continue to receive and process mail. Body: We reached out for clarification on this common question and learned registrants should… Read more »
  • State Fund Announces Relief For Restaurants
    Abstract: ​The New York State Insurance Fund (NYSIF) has announced measures to help the restaurants it insures cope with the COVID-19 pandemic. Body: ​The New York State Insurance Fund (NYSIF) has announced measures to help the restaurants it insures cope with the COVID-19 pandemic. Restaurants have been among the businesses… Read more »
  • Understanding New York's New Paid Sick Time Law
    Abstract: ​On March 18th, Governor Cuomo signed a bill intended to address employee sick leave, both in connection with the COVID-19 outbreak, and more generally. The bill took effect immediately. Body: On March 18th, Governor Cuomo signed a bill intended to address employee sick leave, both in connection with the… Read more »
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