April 18
The Industry in 2011: Ups and Downs Reflected in Results P/C Insurers Results for 2010 Bolstered By Investments, As Underwriting Results Deteriorate
Private U.S. property/casualty insurers’ net income after taxes rose to $34.7 billion in 2010 from $28.7 billion the year before, with insurers’ rate of return on average policyholders’ surplus — a key measure of overall profitability — increasing to 6.5 percent from 5.9 percent, according to ISO and the Property Casualty Insurers Association of America […]
The Clock is Ticking Set an Alarm for Your Insureds
Allegany Co-op Insurance sent its insured, Michael Stoppani, a letter demanding a proof of loss in connection with fire damage he had reported. The letter was sent by both regular and certified mail. Michael received the certified mail letter on March 9th, 2009. He submitted the proof of loss on May 8th, 2009, which is […]
Temporary Tarps Over Roof Openings During Construction Are Not A Roof No Coverage For Personal Property Damaged By Rain
The plaintiffs alleged that their home and its contents were damaged as a result of a rainstorm. They filed a claim under a homeowners insurance policy issued by the defendant, Graphic Arts Mutual Insurance Company. Graphic Arts informed the plaintiffs that the damage to their home was covered under the policy. However, it disclaimed coverage […]
He Could-Go-All-The-Way!
Many of you I am sure, no matter where in the country you reside, have heard the phrase “He Could-Go-All- The-Way!” spoken numerous times by one of the leaders in sports media. There are probably hundreds of pieces of video tape out there that have a football player running down the sidelines, while this famous […]
Deloitte Views Claims; First Rehab Views Growth.
Given the industry’s 2010 results – our cover story- here’s a timley report. “Driving Operational Excellence in Claims Management,” just issued by Deloitte finds that property / casualty insurers who upgrade to better claims management also increase efficiency, reduce costs, and improve customer and agent service..” To enhance operational excellence in claims, the report suggests […]
Agents: Between A Rock and a Hard Place
Last month, my agency hosted the Professional Insurance Agents of New York’s spring Long Island Advisory Council. PIA holds its Advisory Council meetings around the state twice a year. The meetings are a great source for the association to hear input from its members about the benefits and services it provides and to learn what […]
