Living in New Jersey but Insured in Florida is Fraud No one like to pay insurance premiums. However, in a state like New Jersey, insuring a vehicle with No Fault insurance is mandatory. Since insurance in Florida is less expensive than in New Jersey a resident of New Jersey was tempted to and, in fact, […]
Benjamin Lawsky, the newly confirmed, first-ever Superintendent of the New York State Department of Financial Services outlined his vision for the state insurance and banking industries during his keynote address at the New York Insurance Association (NYIA) Annual Conference on Thursday, June 2 in Verona, New York. Superintendent Lawsky noted that there were four main […]
VERONA, N.Y‚—The New York Insurance Association, Inc. (NYIA) honored Jeffrey W. Rice, CPCU, ARe, president and chief executive officer of Wayne Cooperative Insurance Company with NYIA’s 2011 Chair’s Distinguished Service Award at the association’s annual conference on June 2 in Verona, N.Y. “Jeff has made tremendous contributions to both the New York Insurance Association and […]
Gov. Andrew M. Cuomo announced the appointment of Dennis J. Hayes to serve as Chief Executive Deputy Director of the State Insurance Fund. Most recently, Mr. Hayes was the Special Deputy Superintendent of the New York Liquidation Bureau (NYLB). He had previously served as Assistant Special Deputy Superintendent of the NYLB, where is oversaw the […]
So proud to see people we feel we “grew up with” in the business achieving status that-and that their careers more than merit. Last week we referred to Dr. Ellen Kiehl and to Mark Yavornitski – whose picture we received together with our dear friend Ben Brewster, who came up from Florida for the event […]
We all know how technology has affected every part of our lives, and this thing of ours is certainly no exception. As a matter of fact, think back a few years when we had little to no technology in our offices, and I’m sure you will now say, “How did we ever do without it?” […]
The Insurance Law permits an insurance broker or insurance agent to pay unlicensed individuals or entities for referrals. That is, where there is no discussion of insurance policy terms and the compensation is not based upon the sale of insurance. Under limited circumstances briefly explained here, a licensee may even compensate a nonlicensee based upon […]
My daily conversations with agents and brokers center on the marketplace and how to write more business. Every day another report or survey is released on consumer buying preferences. First consumers are buying more frequently from the internet and then the majority wants to do business with an independent agent or broker. You can go […]
DeWitt, N.Y.—The Independent Insurance Agents & Brokers of New York has applauded a State Senate bill that would guarantee a role for agents and brokers in the state’s forthcoming health insurance exchange. Senate Bill 5652, introduced by Senators James L. Seward (RMilford) and Kemp Hannon (R-Garden City), is the first formal proposal for creating New […]
A Beacon International Group, Ltd. Member
