February 20
So Long as Petition to Stay ARBis Brought Timely, It Can Be Amended Later
Matter of Government Employees Ins. Co. V Albino In a proceeding pursuant to CPLR article 75 to permanently stay arbitration of an uninsured motorist claim, Juan R. Albino appeals from a judgment of the Supreme Court, Queens County (Rios, J.), dated May 12, 2011, which, after a framedissue hearing, granted the amended petition. ORDERED that […]
The Time is Now – The Game Changer is Here!
Anyone who has read my articles or heard me speak knows I have been advocating for a major shift in the way Independent agents and brokers operate in the marketplace. Competition is coming from everywhere and through an increasing number of sources. Most of the competition is using digital marketing and the internet to grab […]
Metro RAP Up
Welcome Back RAP! In a true New York sort of style, and for the second year since its return to Manhattan, insurance professionals from all around the greater New York City area gathered at the Professional Insurance Agents of New York State Inc.’s 2012 Metropolitan Regional Awareness Program, held Wednesday, Jan. 18, 2012, at the […]
In this Issue
We are always surprised where copies of the Insurance Advocate turn up. Typically you will find one on the front table in most insurance offices in New York and New Jersey, having been read and placed there among other industry publications. Such is the case with a recent issue which greeted us pleasantly in the […]
SoggySaga: Executive Life’s Liquidation Drowns Policyholders’ Annuitants Interests in 21-year Long Process
In 1991, Executive Life Insurance Company of New York (ELNY), the stressed but solvent subsidiary of its insolvent parent, Executive Life Insurance Company of California, was placed in rehabilitation in New York to protect it from cash surrenders becoming “a run on the bank.” Twenty-one years later, the rehabilitator has petitioned the court to declare […]
