Complying with the additional insured requirements imposed on their insureds and reading the hold harmless agreements those insureds have signed increases the agita of insurance agents and brokers. But, as we reach for the antacid, we want to remember that achieving additional insured status and being indemnified by contractors are vital risk management techniques for […]
When we last spoke, we were chatting about an earthquake, Hurricane Irene, and even a rare sonic boom that all had an impact over the eastern United States, and in the instance of the sonic boom more specifically over eastern Long Island, New York. Although I made light of some of the aspects of those […]
I’ve noticed an autumn chill in the air at my home in the Berkshires … and while I’m sure there’s an “Indian summer” weekend or two left this season, this time of year is always a reminder that we live in a dynamic world! One recent example is the Professional Insurance Agents of New York’s […]
Order, Supreme Court, New York County (Emily Jane Goodman, J.), entered December 1, 2009, which denied the motions of defendants Harleysville Worcester and Alexander Wall for summary judgment dismissing the complaint and all cross claims as against them, unanimously affirmed, without costs. In this action for insurance coverage and damages resulting from a raccoon infestation […]
One of the hallmarks of the first several months of the administration of New York’s Governor Cuomo was the presentation and adoption of his plan to consolidate the regulation of financial services, including the merger of the banking and insurance departments. The new law, The Financial Services Law, was enacted on March 31, 2011, and […]
October 3rd marks the date of consolidation of the New York State Insurance Department and the New York State Banking Department into the Department of Financial Services, under the leadership of Benjamin Lawsky. The Insurance Advocate has applauded this consolidation, brainchild of the Cuomo administration, as a cost savings and effectiveness — increasing measure. Nonetheless, as with any […]
Sometimes revolutions start off quietly and build and build until you wake up one morning and find that everything has changed…almost overnight. This is the case with Insurcard, a relative new comer to the insurance business that will revolutionize the way claims are paid and settled, whether they be single payment or long-term payment formats. […]
So last week I’m sitting in my car, waiting on line to get gas at the Sunoco station located in the town on Long Island where I live. Waiting on a line for gas was eerily reminiscent of the gas crisis of the 70’s, only the difference now was that back in those days my […]
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