By Allen W. Kerr After more than 40 years in the insurance business, including serving as Arkansas Insurance Commissioner and Chair of the NAIC’s Market Regulation and Consumer Affairs Committee, I’ve seen our industry weather a great deal. But the greatest challenge we face today doesn’t come from market cycles, catastrophic losses, or poor management. […]
By Kimberly Magerl Which U.S. counties are most in harm’s way this hurricane season? With NOAA predicting an “above-normal” storm season, LawnStarter ranked 2025’s Most (& Least) Affected Counties by Hurricanes using 10 metrics across 4 categories. Some findings? A staggering $5.8 billion in expected annual hurricane damages is concentrated in just 10 counties, nearly […]
By Kate Zabriskie It starts innocently enough. You want to ensure everything runs smoothly, so you check in often. You spot a typo in a presentation, so you fix it yourself. Someone misses a minor detail, and you think, “I’ll just handle it next time.” Before long, you’re reviewing every email, sitting in on every […]
by Bill Zachry, SCIF Board Member 2004-2024 A Crisis of Trust Trust in the medical system has long been a fragile commodity in workers’ compensation. Unlike private healthcare, where patients select their providers and develop long-term relationships with physicians, injured workers often find themselves assigned to doctors they do not know and may not trust. […]
By Diane Delaney As we look ahead to 2025, the high-net-worth personal lines insurance market offers a mix of cautious optimism and ongoing challenges. While there are signs of stabilization in certain areas, the same industry concerns continue to impact insurers and clients. Severe weather events, a complex regulatory landscape, rising reinsurance costs, and increasing […]
New Tolling Program Debate: a Curse or Blessing For Small Businesses, Commuters & FHV Drivers After a lot of bumps in the roads, lawsuits-after-lawsuits and protests for and against it, the New York City, has, of late, embarked on the long-waited congestion pricing, brushing aside the elevated costs of living of the people from all […]
By Jennifer Andrus The New York State Bar Association is honoring Judge James P. Murphy of Onondaga County, Judge Lawrence S. Knipel of Kings County and Justice Douglas J. Hayden of Nassau County at the association’s Annual Meeting in New York City. The three judges will receive the Outstanding Jurist Award for their contributions to […]
FHV sector. Commercial Auto Industry is Bleeding Thanks to Rising Costs of Drivers, Rampant insurance Frauds & Regulatory Abuse. By Kamal Ahmed New York City’s For-Hire Vehicles (FHV) industry is witnessing multifarious snags mainly due to the rising costs of drivers, widespread insurance frauds, regulatory abuse and imbalanced opportunity, impacting the livelihood of taxi and […]
Scammers continue to come up with creative ways to disrupt people’s lives. Brushing scams – receiving items that you did not order, or having your name used in reviews of products you don’t use – is one of the current popular schemes. It is called brushing because the perpetrator is trying to “brush up” or […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE, CLP-A – Senior Vice President A home is a major investment, and every precaution should be taken to protect it. As cold weather approaches it is a good time for agents to partner with their insureds to reduce the risk of loss. Helping clients understand and […]
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