February 7
No Fault, No Fix, No Fuss: Why everyone loves No Fault just the way it is
What can one say about a field of law where judges write things like this in their decisions: “No-fault litigation [is] a Frankenstein monster that has assumed a life force of its own, becoming so unmanageable and uncontrollable that it acts out in ways never envisioned by its creator.” [1] “The disturbing reality [is] that first-party no-fault […]
Yesterday, Today and Tomorrow
It was one of those rare occasions when several former New York State Superintendents of Insurance, former top department leaders and “past this” and “past that” were present in the same room. LICONY held its annual reception hosted by Mutual of America on Park Avenue on February 3rd and was joined by former Superintendents Howard Mills, Eric […]
Applicability of Regulation 194
The Insurance Department continues to address inquiries regarding the parameters and application of Regulation 194. In OGC Op. No. 10-11-01, the Department opined that a producer that is a business entity, such as a corporation or partnership, is the producer “selling an insurance contract” for purposes of § 30.3(a) of Regulation 194, even though the […]
What's In YOUR Pipeline?
Insurance agencies inherently know the sales process: obtain the X-date; then the policy information. Quote the risk. Deliver the proposal…and ask for the business. Have the applications signed. Get the check. While many insurance agencies have processes in place to move a sale through the appropriate steps to issuing a policy, they lack the technology […]
Lawyer Hurts His Back Because He Stood Up Suddenly During Upsetting Phone Call: No Liability
Just when you thought you’d probably heard it all, the plaintiff in this lawsuit — an attorney — alleged, among other things, that during a phone call with defendant funeral home over foul-ups during his mother’s funeral, he got so upset that he jumped up out of his chair and thereby injured his back so […]
Visualization
In my column this month I want you to do a little visualization with me. Imagine you’re a young person just graduating from college. It doesn’t matter if it’s a two year degree program through a community college or a four year degree from a state or private college or university. Maybe you didn’t […]
