January 30
Good News For Insurance Professionals: Baby Bust is Over, Fertility Rising Again in U.S.
[dropcap]O[/dropcap]ne of the most compelling reasons to purchase life insurance is the birth of a child. According to a just released report from Demographic Intelligence (www.DemographicIntel.com), the nation’s premier provider of birth statistics and U.S. fertility analytics for a variety of industries, there will be an increase in births in 2012 and even more in […]
Insured's Non-Residence at Insured Home Voids Claim For Fire Loss
[dropcap]D[/dropcap] efendant New York Central Mutual Fire Insurance Company moves pursuant to CPLR R3211 for an order dismissing the plaintiff ‘s amended complaint in its entirety. The plaintiff opposes the instant application. Pursuant to an order dated November 17, 2011, the parties were notified that the court elected pursuant to CPLR R3211(c) to treat the […]
Insurance Fraud Hall of Shame: Read These “Beauties”
WASHINGTON—A cashstrapped businessman torches his home then massacres five people to keep witnesses from testifying. A cop shoots himself to steal workers comp money. Two scammers stuff a coffin with a mannequin and cow parts to invent a dead person for a million-dollar lifeinsurance payout. These are among the extreme schemers elected to the Insurance […]
Bank Insurance Agencies Report Increased Acquisiton Growth and Contingent Income
WASHINGTON, D.C.— Despite slight growth from acquisition and increased contingent income, issues relating to staffing efficiency led to weaker profits for bank insurance agencies, according to the latest Bank- Insurance Viability Index, a quarterly report compiled by MarshBerry and sponsored by the American Bankers Insurance Association. An analysis of bank-owned agencies showed that profits fell […]
The FIO: Recent Developments in Focus
The Federal Insurance Office – What It Is. [dropcap] T [/dropcap]he Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) established the FIO within the Treasury Department. The first Director of the FIO is Michael McRaith, the former Illinois Director of Insurance. In November 2011, the Treasury Secretary created a Federal Advisory Committee on […]
A Day Without Challenges
[dropcap]A[/dropcap]gents face struggles every day. In fact, I believe the ability to meet challenges and face adversity is one of the measures by which you can judge whether a professional independent agent will be successful or not. In my five decades as a professional, independent agent, I can honestly say I have never gone to […]
What Do You Want to Be When You Grow Up?
[dropcap]H[/dropcap]ow many times have you asked that question of a young child, or maybe even a “matured” child… or maybe even of yourself? As a parent, and board of education president, I have had the opportunity to ask that question many a time to many a young person, and until recently I never would have […]
"Fine" Print
[dropcap]H[/dropcap]ad the opportunity recently to speak to the partners at Prestige, Inc., one of the largest PEO’s in New York, to learn how they have been gaining adoption among independent insurance agents across the tri-state area. Brian Lehmann, who is the top executive at the company, formerly of Motorola, explains it this way: “More and […]
