August 20
DEMOTECH – RATINGS: A Strong, Straight Line in a Complex Grid – A conversation with Joseph L. Petrelli, and Sharon Romano, co-founders, Demotech, Inc.
For a man who deals in complexities, Joe Petrelli’s life has been a straight line to success. Born and raised in Rochester, New York, he graduated from The College of Insurance and had his first full-time job in Syracuse, New York. Joe earned a Masters of Business Administration from The Ohio State University in 1986, […]
On Vacation?
Governor Cuomo has had a busy month while the rest of us have been…busy. It is a difficult time to be an independent business with the economy and so many other pressures pending so work we all must. We did build it and continue to… In any case, it is good news that the Governor […]
Which Government Healthcare Plan is Better?
When politicians promote the superiority of their government plan to “replace” ObamaCare, my reaction is simple: I don’t care what a mugger does with my money. The difference between the thought processes of the Austrian economists and those of other schools is this: the Austrians say in essence that they don’t care what you do […]
“Righting” Insurance For Coops and Condos—Who Insures What?
Bea and Ben Aden purchased a vacation condo in western New Jersey and were looking forward to some peace and quiet in the country. When their unit was devastated by fire, what they got was exasperation and expense. First they were faced with the ordeal that any homeowner must deal with following a fire, but […]
Climate Liability Risk: Will it be the Next Chapter in the Global “Blame Game”?
It has long been accepted that the “compensation culture” that arose in the U.S. about 40 years ago has in this century taken on global dimensions. A simplistic but accurate description of a compensation culture is a society in which most injuries can be traced to a causal agent from whom damages for the harm […]
Remembering Fred Perrotta
Fioravante “Fred” Perrotta died this past July. His New York Times obituary (July 28, 2012) focused on his public service as a key aide to Governor Rockefeller in the 1960s and later as part of Mayor Lindsay’s administration, including an unsuccessful run for city comptroller. In between those two lives, however, Fred played a significant […]
GUARD Now Writing Disability Insurance in New York
GUARD Insurance Group has announced the immediate availability of a new Disability insurance product in New York. Statutory coverage will be offered through independent agents appointed by GUARD for the state, and a number of optional enhancements will be available. According to GUARD’s Executive Vice President of Insurance Operations Marshall Kornblatt, “We see Disability Benefits […]
An Olympic Sized Policy
So what is incredibly popular, attracts 17,000 athletes from 205 countries, encompasses 26 different sporting competitions, and took place in London, England, for two weeks? Well, to most people it is the Olympics; however to someone in the insurance industry it was just another huge sporting event that needs to be insured. As reported in […]
Is Getting Oil Dumped in Your Basement by a Stranger “Vandalism”? Trial Required to Find Out
In an action to recover damages for breach of contract, the defendant appeals from an order of the Supreme Court, Nassau County (Cozzens, Jr., J.), entered December 12, 2011, which denied its motion for summary judgment dismissing the complaint. ORDERED that the order is affirmed, with costs. The plaintiffs alleged that, in February 2010, they […]
