December 19
Creativity at Rose and Kiernan
Fast on the heels of our Agency of the Year issue, another of New York’s great agencies,Rose & Kiernan, announced a transaction which demonstrates handsomely why this agency is among the top 50 independent insurance brokerages in the U.S. According to our dear friend of longstanding, David Fazioli. Rose & Kiernan has just announced that it […]
Efficient Real-Time Usage Up Among Independent Agents
PEARL RIVER, NY—A recent Real Time/Download Campaign (www.getrealtime.org) survey of independent agents and brokers shows that 63 percent of agency management system users employ real-time rating, including comparative raters and agency management systems, to access multiple carriers at once. This represents an increase of six percentage points over a similar 2010 survey, showing that real-time […]
Insurance Arbitration: Debiasing the Biased
By Richard G. Waterman, CPCU Everyone possesses certain biases and prejudices. These biases are usually not attributable to motivational effects such as wishful thinking or the distortion of judgments by rewards and penalties. Instead, leading research in decision making suggests that in many contexts decision makers employ intuitive, common-sense judgments to guide the simplification of […]
Professional Liability and Personal Injury Liability Coverage
We Are the Greatest (WAG), a talent agency, is sued by a competitor for slander. The competitor claims that the WAG made derogatory and demeaning statements about it when soliciting clients. Seems like a good example of the need for personal injury coverage provided by Coverage B Personal and Advertising Injury Liability of the CGL […]
Staffing, Competing
The other day I spoke with Bob an IIABNY member with a medium size agency. He and his management staff had just completed several days of planning for the upcoming year. He was really concerned because as a result of the planning he realized there were a number of areas that needed to be dealt […]
Sztuk to Lead Coalition vs Insurance Fraud
Washington—Frank Sztuk of Hanover Insurance was elected co-chair of the Coalition Against Insurance Fraud amid record attendance at the public-interest group’s annual membership meeting in early December. Sztuk is Hanover’s National SIU Strategist and has chaired the Massachusetts Fraud Bureau. He will share Coalition leadership with incumbent cochair Steve Perry, head of the D.C. Department of Insurance, […]
To Stop A Thief…
About a year ago in this column we talked about social media, and how posting on Facebook or Twitter the vacation that you are currently enjoying, or the wonderful dinner in a restaurant that you are eating, or the luxury box that you are sitting in at a ballgame, can cause your homeowners carrier to […]
When the Work Involves Filling a Trench, No Guards Around Trench are Required; 240(1) Suit Dismissed
Plaintiff Raul Salazar was injured in May 2004, while working in the basement of a Brooklyn building undergoing renovations. The property was owned by 96 Rockaway, LLC. Salazar was employed by T-Construction Co., Inc.; the general contractor was Novalex Contracting Corp. The accident occurred in the largest room of the basement, which had a trench […]
