“This is an insurance coverage dispute concerning whether plaintiff Tower must defend and indemnify its insured, defendant Babylon Fish & Clam, Inc. (Babylon), under an occurrence-based commercial general liability insurance policy. The underlying lawsuit is a wrongful death action brought by defendant Sandra Menken, individually and as executor of the estate of Michael J. Menken, […]
Section 2110(j) of the New York Insurance Laws, which became effective in 2004, requires an insurance producer to report any criminal prosecution of the licensee in any jurisdiction, “within thirty days of the initial pretrial hearing date.” Although enacted 6 years ago, Section 2210(j) is the subject of numerous disciplinary actions in the Department’s most […]
Dog bites have become a major insurance issue. The American Association of Insurance Services (AAIS) has just announced that it will be filing an exclusion for use with its homeowners and personal umbrella forms that will eliminate BI and PD liability coverage for claims arising from direct physical contact with any (emphasis added) canine. According […]
In this issue we introduce Benjamin Lawsky, the new Superintendent of New York’s newly combined Departments of Insurance and Banking and note, with pleasure, that Jim Wrynnwill remain on the team on the insurance side. Thanks to our Albany team for hammering out this piece on deadline, falling exactly the day of the confirmation hearings… …Jan […]
Last month, I received a brochure from Forrester and Co., congratulating me because Ruchman Associates reached its 50th anniversary this year. Fifty years! It gave me pause to consider my career. As I reflected on my experience in the industry, there are two things I can say without doubt: One is that things sure have […]
First Rehab Life (The First Rehabilitation Life Insurance Company of America) has introduced Group Vision Insurance with Davis Vision effective May 2011. The updated product launches first in the company’s home state of New York and will be available in a growing number of states by the end of 2011. First Rehab Life partnered with […]
Congratulations to Adam Friedlander on his soon–to –be–published landmark book on WC…..to Frank and Ellen Mastowski, founders of Jimcor Agencies, on 25 years of service as an MGA/Wholesale operation with 7 branch offices throughout the Northeast and 150 employees, including the Mastowskis’ agency partnerships and two children–Coryn and James—currently Co-CEO’s—of the Montvale, NJ based enterprise…to […]
Did you hear the one that Osama Bin Laden is now a TV star? He’s starring in the next Shark Week! What was the last thing Osama said when the United States showed up at his door? “I need a Navy Seal like I need a hole in the head!” Da Dum Dum! “What was […]
More than 350 attended the PIANY’s LI RAP session on May 5th and were treated to a large trade show, educational offerings and an important awards luncheon. Trish Dean, marketing director for Morstan General Agency, won the Louis A. Morelli Memorial award. The award recognizes an individual in the insurance industry who has demonstrated those […]
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