Homie, a fast-growing full-service real estate technology company has announced the expansion of its affiliated company Homie Insurance to Southern Nevada, “saving homebuyers time and money in securing home insurance”. Point is, as they state in a press release, “Homie continues to reinvent the homebuying experience and now, its affiliate Homie Insurance has launched in […]
Had enough of them, yet? I mean Zoom meetings, conferences, artificial wine gatherings, coffee clatches, other people’s living rooms, the lingering suspicion that, below the nice shirt and tie, there are pajama pants under the desk, the incessant scheduling and pinging…and the invitations and the details? Well, I have, and necessary evil or not, I […]
With a touch of real sadness, we present the effects of COVID -19 in this issue in a set of articles that we believe will prove useful and interesting. The art and science of underwriting relies upon levels of predictability that often include an irrational “gut” sense on the part of the professionals assessing risk. […]
Commendably, New York Department of Financial Services Superintendent Linda A. Lacewell announced the New York State Department of Financial Services (DFS) has launched DFS FastForward, a new program to support innovators seeking to deliver new solutions in financial services, FinTech, InsurTech, and HealthTech for New Yorkers in the COVID-19 era. “As New York begins re-opening, […]
Whether or not a particular policy contains an explicit exclusion for pandemics or some similar condition, misses the point: there is no federal pandemic backstop, as there is for Terrorism. And, by the way, if you follow the early line from the White House, it may have been purposefully motivated, i.e. terroristic in nature.. This […]
U.S. Senate majority leader Mitch McConnell has called for stronger Federal measures to protect front-line health workers and business in general from what he said could become the “biggest trial lawyer bonanza in history”, as suits mount to pursue damages claims caused by the Covid-19 pandemic. During a time when opportunism (“never let a crisis […]
Seven senators have spurred their peers in an effort to convince President Trump to protect the insurance industry from proposals in state legislatures that would require insurance companies to cover small-business losses due to the coronavirus pandemic retroactively, using BI and WC formats extended for the purpose. At the same time, state lawmakers in New […]
S&P Global Market Intelligence found that property and casualty insurance is the least impacted from the COVID-19 health situation, based on market signals. S&P Global Market Intelligence conducted this analysis for the month of March generating industry medians from its Credit Analytics Probability of Default (PD) Market Signal model which uses stock price and assets […]
Some weeks back in this space we hailed the advent of a new contest calling upon New Yorkers to identify obstacles that the State places in the path of businesses. Response was robust. The Empire Center has just announced the winners. Chris Kendall of Madison County and Jacob Rieper of Columbia County are the DeregulateNY […]
Legislation has been introduced in the New York State Assembly (Bill 8040) that will significantly increase funding opportunities for insurance company members of the Federal Home Loan Bank of New York (“FHLBNY”). Under the proposed bill, which is already law in 19 states, provisions of the insurance insolvency law will be amended to clarify the […]
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