November 14
Is Your Producers Agreement Worthless?
By Ed Gaelick, CLU, ChFC What do you do when the trust you place in a carrier is violated? You assume your producer’s agreement is in place to protect you. Think again. When we send carriers a Request For Proposal (RFP), we are trusting them to act in good faith. Sadly, I found out not […]
Insurance Advocate’s AGENCY of the YEAR: Sterling & Sterling
The word “corporate” has many implications, some good, some bad. On the one hand it can mean: stiff, impersonal, lifeless and bloated. On the other hand, “corporate” can refer to the crisp, top level conduct of business, to standards of objective accountability and to the creation of self perpetuating mechanisms for entrepreneurial success. For an […]
Fine Lines
In this issue of the Insurance Advocate we salute Sterling & Sterling as our “Agency of the Year.” There are so many outstanding institutions like Sterling & Sterling in the tri state region that the choice was not easy to make. Yet, on balance, Sterling & Sterling proved itself to be a true champion, defining just how […]
Court of Appeals Expands Scope of Scaffold Law to Objects That Topple Over
CIPARICK, J.: Some New York courts have interpreted our decision in Misseritti v Mark IV Constr. Co. (86NY2d 487 [1995]) to preclude recovery under Labor Law § 240 (1) where a worker sustains an injury caused by a falling object whose base stands at the same level as the worker. We reject that interpretation and hold […]
Acord 25 Certificate of Liability Insurance has Changed-For Better or Worse?
ACORD has substantially altered form 25, Certificate of Liability Insurance, the most widely used and contentious ACORD certificate form. The new version, ACORD 25 (2010/05), removes some of the unrealistic statements contained in the older forms and prominently emphasizes the limited value of the certificate, but it is still a long way from meeting a […]
