The eternal matter of fair compensation to agents and brokers placing business in the NYSIF may be laid to eternal rest if the “second floor,” legislators and regulators listen to the agents’ groups who have eternally pleaded for this measure of fairness. PIANY has just amended legislation to include a requirement for the New York […]
EquityComp has officially – and apparently favorably – resolved its dispute with the California Department of Insurance. While reports in the media to date and advisories from various unofficial sources have been factually inaccurate, the EquityComp program has been at a standstill in many states for new business since the middle of last year. Today, under […]
When poet William Butler Yeats wrote these words, he was not thinking of insurance underwriting standards for sure. But his line does apply to the essence of the stability and viability of insuring, especially in the face of increasingly intrusive concepts from governments turned activists and activists who’d love to be the government. A proposal […]
Hamilton Insurance Group Appoints William C. Freda as Chairman, and David A. Brown as Interim Group CEO HAMILTON, Bermuda, May 15, 2017 – Hamilton Insurance Group (“Hamilton”), the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the US and at Lloyd’s, today announced that William C. Freda has been appointed […]
When Always Dreaming crossed the finish line first to win the Kentucky Derby convincingly, he carried more than a talented jockey with him. The horse’s owners, joined together as Brooklyn Boys with a formidable stable of race horses, are two wealthy men well known in New York: Vincent Viola, recently offered the post of Secretary of […]
Life Insurance Council of New York Members Push for Measures That Will Allow New Yorkers to Have Access to More Insurance Products, More Quickly May 2, 2017—Senior executives from New York’s life insurance companies are meeting with state leaders in Albany (today) as part of the Life Insurance Council of New York’s (LICONY) Day on […]
This just in from New York State Department of Financial Services . . . . . April 26, 2017 : Statement by New York Financial Services Superintendent Maria T. Vullo Regarding the Lawsuit Filed by the CSBS Challenging the Authority of the Comptroller of the Currency to Create a Nonbank Special-Purpose National Bank Charter for […]
Congrats are in order to our longtime friend, Barry Goldstein, who sits comfortably on our cover. Barry is a serial entrepreneur who has picked a winning horse and seen it keep pace with agents and brokers’ needs….. … Insurance agency mergers and acquisitions “exploded” during the first quarter of the year, with 178 reported transactions […]
The administration is undoing regulations at a good clip. The clip and the clipping need to move quickly while the momentum is there. Rob Wilson, President of Employco USA and an employment trends expert has communicated some valid points along these very lines: recent employment numbers have cheered Americans with 235,000 new jobs added in February […]
From the New York State Department of Financial Services March 28, 2017 Contact: Richard Loconte, 212-709-1690, Richard.Loconte@dfs.ny.gov Plans Aimed at Ensuring Companies Are Proactively Prepared to Address Consumer Needs before a Disaster Strikes Insurers Also Directed to Submit Disaster Response Plan and Business Continuity Questionnaires to DFS Financial Services Superintendent Maria T. Vullo today announced that all […]
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