The New York Insurance Association (NYIA) has announced the election of its 2023 officers and board of directors. The following officers were elected for a term ending Dec. 31, 2023: Chair: Charles Makey, president, Merchants Insurance Group, Buffalo, N.Y. First vice chair: Edward Harper, president and chief executive officer, Statewide Underwriting Services, Schenectady, N.Y. Second […]
Government funding measure extends NFIP and includes key crop insurance provisions. The Big “I” applauded the U.S. Senate and House of Representatives for passing legislation that would extend the National Flood Insurance Program (NFIP) and support crop insurance agents, all as part of government funding legislation. “We are grateful that the passage of this government […]
The American Council of Life Insurers (ACLI) has elected its new Chair, officers and Board of Directors at the 2022 ACLI Annual Conference. ACLI member companies help 90 million American families address their financial protection and retirement security needs. The Chair and Board of Directors lead the association and develop and advance federal and state […]
World Insurance Associates LLC (“WIA”), a Top 50 Insurance Brokerage, announced that it has acquired Michael F. Iacangelo & Company Inc. (“Iacangelo”) of Belleville, NJ. Terms of the transaction were not disclosed. Iacangelo was founded in 1957. They provide their customers with personal lines coverage including homeowners, auto, motorcycle and renters’ insurance, to name a few. “We […]
Time flies when you are having fun, and that is certainly what has been happening over at ShelterPoint Life Insurance Company, which is celebrating its 50th anniversary this year! We talked with ShelterPoint, and they gave us a peek behind the curtain as they shared stories and information about their people, culture and company over the years – and their 50th-anniversary celebration!
Here are the top 5 things you may not have known about ShelterPoint.
The National Association of Insurance Commissioners (NAIC) members passed a Pet Insurance Model Act to establish appropriate regulatory standards for the pet insurance industry, which has annual premiums of approximately $2.8 billion in total in-force premiums in 2021 (up over 30.5% from $2.175 billion in 2020) and over 4.41 million insured pets across North America, […]
The Big “I” has announced the appointment of Whitnee Dillard as the new executive director of Invest™ and diversity. Dillard succeeds Deborah Pickford, executive director of Invest, who will retire in May after six years of outstanding contributions to Invest, the insurance industry’s premier classroom-to-career education program administered by the Big “I.” In her new role, Dillard will […]
There is an old English proverb that says: “You don’t know where you’re going until you know where you’ve been.” On the afternoon of December 31, 2021, New York Governor Hochul signed into law New York Senate Bill “7052.” Called the “Comprehensive Insurance Disclosure Act,” (“CIDA”), it amends the rules that apply to civil litigation […]
How to secure your cyber identity Here we go again, same evil, same demons: trojan horses, bots & botnets, spyware, worms, scams, and phishing. Then there’s ransomware, a set of malware programs that hackers install on your network that blocks access to data or publicizes confidential data unless a ransom is paid, has become big […]
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