Pennsylvania, Maryland, and Delaware all held steady grades from 2019 to 2020 in the R Street Institute’s Insurance Regulation Report Card. The annual report looks at restrictions on consumers and insurers, as well as “how effectively are states discharging their duties to monitor insurer solvency and foster competitive, private insurance markets?” Pennsylvania maintained a B […]
Report IDs State Regulators’ Strengths, Weaknesses Read More »
As state lawmakers begin considering numerous pieces of legislation addressing the pandemic, IA&B this week went on record in support of Senate Bill 210, a bipartisan bill which would provide limited immunity from COVID-19 related lawsuits. Your IA&B government affairs team submitted testimony in advance of Tuesday’s bill hearing in the Judicial Proceedings Committee supporting
IA&B Testifies in Support of COVID-19 Immunity Bill Read More »
Licensees conducting business in New York should expect to receive notification directly from the New York State Insurance Fund (NYSIF) that, effective Feb. 28, 2021, it plans to discontinue its practice of mailing paper copies of New York State Disability Benefits Law (DBL) insurance policies and bills to insurance agents/brokers. It is IA&B’s understanding that
New York to Go Paperless for Disability Policies Read More »
Agencies and their customers should reassess their operations and safety protocols. In light of the soaring number of COVID-19 cases, on Monday Nov. 23, Governor Wolf and Secretary of Health Levine announced new targeted mitigation measures to contain the spread of the virus.Many requirements are consistent with past orders, and will likely not lead to
Closer Look at New PA Mitigation Orders Read More »
Gov. Tom Wolf, on Monday, vetoed IA&B-supported legislation which would have provided limited immunity from COVID-19 related lawsuits. House Bill 1737 was passed by state lawmakers on Nov. 20 during the final voting day of a rare post-election legislative session, which was needed in order to pass the remainder of the current fiscal year budget.HB
Gov. Wolf Vetoes COVID-19 Immunity Bill Read More »
Take note of recent HR-related news, stemming from governmental mandates and case law. The following are documented as bulletins in our online HR resources. Federal Bulletins FED #109 – Remote I-9 Form Verification ExtensionFED #110 – IRS Extends Form 1095 Distribution Deadline to March 2FED #111 – 2021 Wage Cap Rises Modestly for Social Security
Review Latest HR Updates Read More »
The Federal Housing Administration (FHA) last week published a proposed rule which would allow consumers the option to purchase private flood insurance instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by the FHA. Specifically, these changes would allow lenders to begin accepting private flood insurance policies for single-family
FHA Proposes Private Flood Insurance Option Read More »
As the number of COVID-19 cases rise, member agencies are reporting circumstances where an employee tests positive – or is exposed to (and possibly living with) someone who has COVID-19. Under either scenario, employers’ responsibilities under the paid leave provisions of the Families First Coronavirus Response Act (FFCRA) may come into play.For employers with fewer
COVID-19: FFCRA, Other Employer Considerations Read More »
If you write workers’ compensation, take note of the Delaware Compensation Rating Bureau’s three latest circulars. Circular No. 990 Revisions to Designated Auditable Payrolls Basic Manual – Section 1 Effective Dec. 1, 2020 Circular No. 991 F-Classification and USL&HW Rating Values Effective Dec. 1, 2020 Circular No. 992 Terrorism Risk Insurance Program Reauthorization Act Disclosure
Workers’ Comp Updates Read More »
The events of 2020 “have put considerable added pressure on professional liability insurers,” according to AM Best. The agency just released Best’s Special Report, “Professional Liability Insurers Navigate Uncertain Terrain Amid a Pandemic,” which included a survey of underwriters.Per AM Best’s announcement, results from the survey include: Two-thirds of respondents placed the severity of COVID-19
COVID-19 Disrupts Professional Liability Market Read More »
