Last month, my agency hosted the Professional Insurance Agents of New York’s spring Long Island Advisory Council. PIA holds its Advisory Council meetings around the state twice a year. The meetings are a great source for the association to hear input from its members about the benefits and services it provides and to learn what […]
By William D. Latza and Michael J. Moriarty Editor’s Note: This article was originally published on March 29, 2011. On March 31st, Governor Cuomo announced passage of the New York State Budget Bill for 2011-2012 that contained the authority to merge the New York State Insurance and Banking Departments. The New York State budget for […]
Thirteen people from eight counties have been arrested on charges they cheated New York’s workers’ compensation system, working side jobs while collecting benefits for injuries they purportedly left them physically unable to work. The arrests followed investigations by the New York State Insurance Department’s Frauds Bureau, the New York State Insurance Fund, along with investigators […]
So how many of you have close millionaire friends living in Nigeria; or wealthy long lost relatives in the United Kingdom, or intimately know members (named Smith) from a Board of Governors of a country that you never even heard of that want to share their fortunes with you? Or maybe instead of your kid’s […]
The Court of Appeals holds here that “front end loaders” come within the same section of the Industrial Code which prescribes safety measures which must be used with “backhoes” and “power shovels,” even though front end loaders are not specifically mentioned. As a result, a plaintiff who was injured when a pipe fell from a […]
Over the last few weeks the question has come up several times as to why I left being an independent agent to join IIABNY. A fair question as I know when I was an agent and I would hear former agents extolling the virtues of being an independent agent and I always wondered why that […]
We can not but observe that the Business Council is actually happy with the budget process for the first time since we’ve been following it, going back to the 1980’s. We can not help but observe that a compromise was reached in the consolidation of the Banking and Insurance Departments —the desired result in our […]
We believe–perhaps it’s self-delusion–that our column calling upon legislators and the governor to forego the idea of merging banking, insurance, and consumer protection, simply merging of insurance and banking, may have had some influence on the outcome. Frankly, we do hear regularly from legislators’ staff and of course from industry leaders all the time. We […]
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