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The New York State Insurance Department has released its circular letter providing guidance for its upcoming producer compensation disclosure regulation, but agent groups said questions still need to be worked out before the Jan. 1 implementation.

A panel formed to assess the state of coastal homeowners insurance in New York met for the first time earlier this week, with agent and regulatory representatives noting that there remains an affordability issue in some regions in the state.

The Professional Insurance Agents of New York is conducting briefing sessions with members throughout the state to discuss the status of talks between it and the state insurance department regarding new producer disclosure regulations.

Donna Chiapperino was named president of the Professional Insurance Agents of New York State Inc.

While controversy surrounds the implementation of producer disclosure regulations by the New York State Department of Insurance, associations say they are obligated to prepare agents for the new mandates, like them or not

A Professional Insurance Agents of New York (PIANY) representative said she believes state regulators will make some producer compensation guidance language changes after

A public hearing by the New York Department of Insurance on whether to add coverages to the state's excess and surplus lines "export" list was deemed successful by an agent trade association.

The New York State Insurance Department (NYSID) has distributed an advance copy of a draft circular letter on its planned producer compensation disclosure rule to agent groups but excluded