In a season that will have a 21st Century Murderers’ Row coming off the Yankee bench (Stanton, Judge, Sanchez and the rest), Hank Greenberg has managed to make his way onto the line up card. Starr Companies, a his global insurance and investment organization, has entered into a multi-year sponsorship agreement with the New York […]
Paul Robert Olshen (pictured right), former leader of the CIBGNY and scion of an insurance family that included his father Henry, also a past leader of CIBGNY, passed away on March 1st. A native of Brooklyn and a graduate of Erasmus Hall High School and NYU “in the heights,” he was a proud member of […]
So Aetna is NOT moving to New York after all. Wonder why. Couldn’t be taxes, unusual level of regulation, city’s grinding gridlock grids of congestion, the new degree of filth in the streets, homeless getting aggressive, taxes, high costs of doing business, over the top regulation, and did I mention taxes? No, they are staying […]
A look at Trump Tax Reforms offers mixed benefits to U.S. life insurers, according to Fitch Ratings. The cut in the corporate income tax rate to 21% from 35% could boost life insurers’ cash flows and earnings, depending on how much of the tax saving insurers pass to customers through higher crediting rates or lower […]
It is a case that offered Applied Underwriters (AUW), a kind of “proof of concept” as a U.S. District Court Judge, Eastern District, California, tossed out allegations in a suit that had argued that the company, a leading, national workers’ compensation insurer, acted to defraud clients who purchased workers’ comp coverage using the Company’s widely […]
NYS-DFS, August 28, 2017—Financial Services Superintendent Maria T. Vullo reminds all entities covered by the DFS cybersecurity regulation, that today, August 28, 2017, is the first compliance date of New York’s first-in-the-nation cybersecurity regulation. Beginning today, banks, insurance companies, and other financial services institutions regulated by DFS are required to have a cybersecurity program designed […]
While I really dislike overly self-referential articles and TV guests and hosts—like Geraldo Rivera on FOX and Joe Scarborough on MSNBC—I will start this column on a personal note: I drive one of the few—maybe the only—Porsche Cayennes in the USA with a manual transmission, or what was called a “stick” back when I learned […]
…to encourage entrants into the business and to motivate those already in it to be properly licensed, that’s the idea. And the DFS may have caught wind of it, since insurance as a whole is destined to be reduced by 18% of staffers due to retirements, consolidations and the like. Wisely, Financial Services Superintendent Maria […]
Garden City, New York, (July 5, 2017) – ShelterPoint Life Insurance Company has created an expert educational panel that will discuss the impact of New York State’s Paid Family Leave (PFL) mandate on employers, employees and the business community. The discussion, titled, “What is Paid Family Leave (PFL)? What does it mean for employers and employees?” will take place […]
Just came across a list of new communications jobs out in the marketplace (no, I am not seeking employment—I am already married!). The list gave me pause, as it reflects the growth of uber specialization and redefinition that is going on before our very eyes. Yet, I am quite sure that these are new wrappers […]
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