Workers’ Comp Rates to Decrease Slightly Overall
The Insurance Commissioner approved the Pennsylvania Compensation Rating Bureau’s April 1, 2021 loss cost filing as submitted.
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Pennsylvania News
FHA, State Lawmakers Eye Flood Insurance
The federal and state government have their eyes on the flood insurance market, and your government affairs teams are involved in these proposals, advocating on behalf of agents and their clients. Federal Update Your federal government affairs team – the Big “I” – submitted comments recently in support of a new rule proposed by the
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NY Cybersecurity Filing Deadline
Non-resident agencies and individuals have until mid-April to submit their annual certificate of compliance with the New York Cybersecurity Regulation.
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Member Agency Targeted by Scam
A scam targeting Pennsylvania businesses has reappeared, after first catching the Department of State’s attention in June 2015. Just last week an IA&B member agency received a solicitation from the “Pennsylvania Council for Corporations” – a fictitious organization requesting targeted companies to file information and send a payment of $150. If your agency receives communication
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Can You Mandate Employee Vaccination?
Now is the time to consider a workplace vaccination program, as COVID-19 vaccine distribution ramps up.
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W-2s May Need Correction
The IRS is reminding employers of the new requirement to report wages paid for leave taken under the Families First Coronavirus Response Act (FFCRA) on employees’ W-2 forms. W-2s, which must be provided to employees by Jan. 31, can be corrected if they’ve already been issued. The IRS issued specific guidance on how employers are
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Report IDs State Regulators’ Strengths, Weaknesses
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
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New York to Go Paperless for Disability Policies
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
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Closer Look at New PA Mitigation Orders
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
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Gov. Wolf Vetoes COVID-19 Immunity Bill
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
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