One area in which the Insurance Advocate has been consistent is our attack on insurance fraud and our deep concern over the indifference in some quarters to problems that afflict New Yorkers as a consequence; for example the no-fault system – see our February 7th issue. In this issue we present the Insurance Department’s Property Casualty Fraud Report […]
I’m sure you have been hearing and seeing all of the commercials, newspaper articles, and conversations about states around the nation where governors and legislatures have cut spending in areas that may personally affect so many of us, either directly or indirectly. One area of importance to all is in the area of education. Whether […]
The Court’s duty is not “ministerial.” If subject matter jurisdiction is lacking, the Court should “refuse to proceed further and [should] dismiss the action.” This court decision involves a fact pattern that is not often litigated: it is a PIP and UM subro suit against a non-covered person — that status applying because the defendant […]
As I write this column Japan has just experienced a major earthquake, a tsunami and 2 nuclear power plant explosions. The news is inundated with stories and footage of the damage. When you look at the desperation and agony on the face of the Japanese people your heart breaks. Many have lost their home and […]
Senator James Seward (R-Oneonta) and Chairman of the Senate Majority Insurance Committee said “we are going to proceed very cautiously on that. We are willing to sit and talk about it and see if something can be worked out, but I want to proceed cautiously for a number of reasons.” “In my mind,” continued Senator […]
Our recent cover article on “No-Fault” has drawn a lot of fire from both of the equation. In this issue, we present one of the more acrid letters we received, from Attorney Craig Bruno. We commend that you read it (page 3). The issue simply will not go away and we will keep up the […]
The Department recently issued two Office of General Counsel Opinions related to unapproved deviations from policy forms. Most recently, on January 31, 2011, in OGC Op. No. 11-01-08, the Department opined that an insurance agent or broker may not complete a certificate of insurance that purports to amend, expand, or otherwise alter the terms of […]
In 1976, thieves stole Helen Thompson’s portrait of her Colonial ancestors, John Apthorp and his two daughters, painted by Angelica Kauffmann, a founding member of the British Royal Academy. In March 2007, the painting was recovered when an art dealer saw it listed in the Art Loss Register.1 The total value of the property stolen […]
By Mark Peters and Mohana Terry, Edwards Angell Palmer & Dodge LLP On February 1, 2011, New York Governor Andrew Cuomo unveiled a proposed 2011-2012 executive budget (the “Executive Budget”). As part of the Executive Budget, the Governor submitted a bill (the “Bill”) merging the Insurance and Banking Departments and the Consumer Protection Board into […]
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