The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday December 12, 2012. The total amount of awarded grants is $960,000. David Brinkman, chair of the IICF Northeast division board and executive managing director of Aon Benfield, reported that the division has […]
I think the best way to conclude Insurance Advocate’s 123rd consecutive year of serving the industry is to run the article that appears on page 3, describing the industry’s generosity and service. We presented a similar message last issue in the IFNY story on the new charitable initiative the Federation has undertaken. It’s a story […]
Many, many years ago, I worked for an overly demanding boss. One day when New York City was being pummeled by record snows – one of those memorable blizzards where people were skiing down empty Manhattan avenues – my boss emerged from his office demanding that the mail be brought to him. When the receptionist, […]
A Breech in the Dike? Successful lawsuits against producers by New York insureds alleging errors or omissions are few and far between. The key word is “successful.” Hope springs eternal, so there are plenty of lawsuits—just not many successful ones. A recent New York Court Of Appeals decision may change that. American Building Supply Corp […]
The Holidays! They are here! …and before we can sprinkle that last bit of reindeer dust or shout out, “Now Dasher! Now, Dancer! Now, Prancer and Vixen! On, Comet! On, Cupid! On, on Donner and Blitzen! …they will most likely have passed so quickly once again! This year, as in the past, so many of […]
On November 19, 2012, the New York Court of Appeals – the highest court of the State of New York, apparently strengthened the rights of policyholders as against their insurance brokers. In American Building Supply Corp. v. Petrocelli Group, the plaintiffinsured was required by its lease to obtain general liability insurance in the minimum amount […]
By: Marilyn M. Singleton, M.D., J.D. It’s doubtful that the country will be popping bottles of champagne on January 1, 2013—we can’t afford it. But we will be throwing confetti printed by the Federal Reserve over a cliff. As of November 27, 2012, the country’s debt was $16.279 trillion—just $115 billion below the $16.394 trillion […]
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