September 26
The Aftermath
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 […]
Reflections on the Season
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 […]
Property Insurer's Issuance of Check to Insured May Have Waived Proof of Loss Requirement
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 […]
CONSOLIDATION: OCTOBER 3RD
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 […]
A Date with DFS
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 […]
