News & Notes

IA&B HOSTS EVENT WITH AGENTS, DE LEGISLATORS

A dozen IA&B members recently met in Dover, DE to discuss several proposals affecting independent agents. The event, hosted by IA&B and members of the DE Government Relations Committee, featured a networking hour between agents and legislators, followed by a legislative update provided by IA&B lobbyist Scott Kidner and Government Relations Committee Chair Lee Dotson.

State Senate Banking & Insurance Chair Spiros Mantzavinos and House Insurance Committee Chair Billy Bush were both in attendance. IA&B has worked closely with these two legislators on a variety of important issues, including last session’s defeat of proposals to ban certain rating factors in automobile insurance.

YOUNG AGENTS’ VIRTUAL ROUNDTABLE DISCUSSION

Young agents, register for this informal online discussion on technology. Specifically, the focus will be on tools that agents use for prospecting, marketing, and customer service.

Host: IA&B President & CEO Jason Ernest

Moderators: IA&B Young Agent Award Winners Greg Bennett and Tony Giampapa

Friday, April 21 | Noon-12:45 PM

There is no cost to members

Register today. IABforME.com/eventregistrations or 800-998-9644, option 1

NY CYBERSECURITY FILING DEADLINE

If you conduct business in New York, you must refile a fresh certificate of compliance annually with the New York Department of Financial Services (NYDFS). Agencies and individuals currently entitled to the limited exemption and those who are subject to the full requirements have until April 15, 2023 to comply.

Adopted in March 2017, the regulation requires assessment of cybersecurity risk and adoption of a cybersecurity program. It applies to resident and non-resident agencies and producers licensed in New York.

Review our resources (select New York from the Cybersecurity dropdown menu) for more information on the exemption, obligations, and how to comply.

IABforME.com/cybersecurity-databreach

PA WORKERS’ COMP RATES DIP

Effective April 1, revised loss costs and related rating values took effect on a new and renewal basis. The Insurance Commissioner in late January approved the Pennsylvania Compensation Rating Bureau’s filing as submitted, initiating a -3.33% overall average change.

PCRB.com