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insurance law Archives - Horan Companies - New York Insurance Agency, Baldwinsville, NY

Blog - Pit Bull Mix Raven Smiling at the CameraHomeowners InsurancePersonal Insurance

The Dog Days are Over (but I know some shady cats)

When the clock strikes midnight on January 28th, 2022, New York State’s Pit Bulls, Rottweilers, Dobermans, and more will be throwing a big party…a house party to be exact. This is when New York governor Kathy Hochul’s legislation against dog-breed restrictions by insurance carriers takes effect. Up until now, home insurance carriers that were approved to offer insurance policies in New York were permitted to turn-away prospective customers based solely on the breed of dog the customer owned. Each homeowners’ insurance carrier had its own list of forbidden breeds. If you were looking for a new home insurance policy, you…
January 14, 2022
Car InsurancePersonal Insurance

New York Rules that Auto Insurance Rates Can’t be Based on Driver’s Level of Education

New York says goodbye to Auto Insurance Rates being based on driver's education Could New York auto insurance rates get smarter? The New York Department of Financial Services (DFS) has finalized a regulation aimed to protect New York drivers from being unfairly discriminated against. The regulation centers around insurance carriers that were using a driver's level of education or occupation data when determining an auto insurance rate. After a multi-year investigation, the DFS came to a couple conclusions. Education played no role in determining whether someone was a better driver. The risk of loss was not higher regardless of a…
January 25, 2018
Personal Insurance

Are certain dogs not allowed?

***Alert*** A new law has gone into effect as of January 28th, 2022 Question 50 in 100 Insurance Questions in 100 Days Video Series https://youtu.be/je7hmqHyJdE On a New York State home or renters insurance policy, you are likely to be asked whether or not you own a dog. Your answer can very much determine if you'll be moving forward with the policy or not. Many, if not most companies, exclude Pit Bulls, Rottweilers, and Dobermans. Watch this brief video to learn more.
September 25, 2017
Business InsuranceShort-term Disability Insurance

Does my business need short-term disability insurance?

When do we have to offer New York short-term disability benefits? https://youtu.be/B4iVajCYvCE New York short-term disability insurance is a required benefit. Anyone who runs or operates a business with employees must carry it. It provides a temporary benefit for anyone who becomes injured or disabled off the job. Unlike workers’ comp, where you end up getting hurt or ill due to something that happens while at work, this is coverage for anything that happens to you pretty much anywhere at any time. Rules for New York short-term disability Basic coverage equals 50% of the employees weekly pay. However, $170 per…
August 22, 2017
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