⇒ Click HERE for Audio/Video Recording
The Honorable George Nichols III, an accomplished insurance executive & regulator and president of The American College, joined us for a June 18 town hall webinar and shared his views on how insurance—life insurance in particular—can be part of a sustainable solution to economic imbalance. Learn more HERE.
COVID-19 MESSAGE – UPDATED
To Our Members:
After exceptional demand, the federal government has injected an additional $350 billion dollars into the Paycheck Protection Program (PPP) and another $60 billion into the Economic Injury Disaster Loans (EIDL) program—two lifelines for small businesses during the coronavirus pandemic.
The federal CARES Act created the PPP and EIDL funding to QUICKLY help small businesses cover immediate needs and longer-term obligations, including payroll for their employees. Materials on the programs—including a PPP application form and guidance from the U.S. Treasury Department, among other helpful documents—are available on the COVID-19 Resource Center page of this web site, in the “Insurance Industry Resources” section.
Also available there is an application/calculation form (effective as of May 15) that PPP borrowers must use if they want their PPP loan forgiven, based on what expenses the borrower used the PPP money for.
THIS IS WORTH YOUR TIME AND ATTENTION. WE KNOW OF NUMEROUS AGENCIES THAT HAVE SUCCESSFULLY APPLIED FOR THE PPP PROGRAM IN THE FIRST ROUND.
NAIFA-NYS is the only organization exclusively representing life insurance agents & financial advisors in NYS – encouraging a strong marketplace, enhanced business & professional skills, and ethical conduct.
NAIFA-NYS staff, as required by
the Governor, are now working remotely
in response to COVID-19. We remain
fully accessible via phone and e-mail.
Online News from the Official NAIFA-NYS Magazine:
Malls, Gyms, Movie Theaters Will Stay
Closed During Phase 4 Reopening
Despite intense lobbying from their owners, the state will not allow malls, gyms, or movie theaters to restart during the last phase (Phase 4) of the Governor’s coronavirus reopening plan.
Future PPP Loans Must Be More Targeted, Treasury Secretary Says
In testimony before the Senate Small Business Committee, Treasury Secretary Steve Mnuchin said that any future round of Paycheck Protection Program (PPP) loans must “be far more targeted” and focused on industries/small businesses “having the most trouble going forward.”
4 Steps the Insurance Industry Can Take to Promote Equality
George Nichols, current American College president and former president of the NAIC, talks about his experiences as a black man and offers suggestions for how the industry can promote equality.
* Read all LifeNY online news HERE *