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In the News
Certificates of Insurance Act takes effect April 10
For construction project managers and others who need proof of insurance from contractors and vendors, important new protection is here. FLORHAM PARK, NJ (March 30, 2016) – This should weed out a few more cheats and liars. For everyone in New Jersey who manages construction projects and coordinates the services of multiple contractors, it can […]
Cuomo Announces Health Insurance for Victims
Governor Andrew M. Cuomo announced that insurers and HMOs offering comprehensive health insurance coverage through the New York State of Health individual marketplace are now required to allow victims of domestic violence, or spousal abandonment, to enroll in insurance plans at any time of the year. The New York State Department of Financial Services has […]
Verisk Develops New Tool to Estimate Roof Age for Residential Properties
JERSEY CITY, N.J.—Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, announces Verisk’s Roof Age solution, which is designed to help U.S. residential property insurers more accurately determine the age of a roof. The new solution was built in conjunction with BuildFax, a leading provider of historical building permit data. Verisk Insurance Solutions […]
Life Insurance Activity Heats Up in January
Braintree, MA. – In continued expansion, application activity for U.S. individually underwritten life insurance was up 6.4% in January year-over-year, all ages combined, according to the MIB Life Index. January’s results follows six straight quarters of expansion for the composite Index as growth accelerates with the underwriting of year-end sales activity. Composite application activity in […]
Crane Collapse: Between Ruin and Restart in Insurance
Exposures and Coverages, regulation
The recent crane collapse in New York City raises new questions and concerns about policy and safety procedures being followed on construction sites. Though it’s a rarity when an accident like this actually occurs, city investigators are working to discover exactly what caused the crane to collapse, if operator or mechanical failure played a part, […]
Gov. Cuomo Works to Increase Access to HIV Treatment for Teens
Proposal is Important Step to Removing Barriers to HIV Treatment, Preventing Infection and Saving Lives Legislation Would Build on Progress Toward Ending the AIDS Epidemic in New York by the end of 2020 Governor Andrew M. Cuomo announced a proposal, to be introduced this legislative session, which allows teens with HIV to receive treatment […]
Report Suggests Ethnic Divide in Auto Insurance Calculations
Major Auto Insurers Charge Good Drivers 70% More in African American ZIP Codes than in White ZIPs CFA urges regulators and insurers to take action to address findings Washington, D.C. – Good drivers living in predominantly African American ZIP codes are charged significantly higher premiums than similar drivers in largely white communities, even after […]
Gov. Cuomo Announces Additional Savings on Unemployment Insurance Contribution Rates for Employers
Reduction in contributions will save employers over $40 per employee Unemployment Insurance Trust Fund Ends 2015 Solvent for the First Time in Six Years Governor Andrew M. Cuomo today announced that the Unemployment Insurance reforms he championed in 2013 have resulted in additional savings for New York State employers in terms of their State Unemployment […]
