March 19
Crackdown: State Handcuffs, No Fault Crooks, Locks up Scores of Conspirators in Major Bust Industry Praises DFS Effort
ALBANY, N.Y.—At the direction of Governor Andrew M. Cuomo, nofault insurance medical mills and insurance companies are facing a statewide investigation by Benjamin M. Lawsky, Superintendent of the Department of Financial Services (DFS). The regulation implements a 2005 law that gives DFS the power to regulate doctor participation in the no-fault system. Lawsky accepted this […]
Captive Audiences
We received the news of a New York State Appeals Court decision upholding the ruling that independent insurance agents disclose their commissions to clients in a manner prescribed by the Insurance Department with mixed feelings. First, we did not believe that the lawsuit approach would prevail in New York State, and that the agents essentially […]
You Know Me, Always ACTing Up!
At last week’s Agent’s Council for Technology (ACT); ACORD User Group Information Exchange (AUGIE); and American Insurance Marketing and Sales Society (AIMS) meetings in Tampa, FL, initiative updates showed the progress being made to improve business for agents nationwide. With much gratitude to my friend Michael Carroll, Communication Specialist at ACORD, I am able to […]
Let’s Get Personal: Homeowners and Personal Liability Insurance Problems
Not Every House is a Home In 1992 Robert Zises bought a home in Lake Katrine, NY and purchased homeowners insurance. In 1998 he rented the house to two tenants and moved to another home in Tivoli, NY. In 2006 the homeowners policy covering the Lake Katrine house was placed with New York Central Mutual. […]
Interboro Acquires AutoOne from OneBeacon
MINEOLA, N.Y.—Interboro Holdings is pleased to announce that it has completed the acquisition of AutoOne and AutoOne Select Insurance Companies from OneBeacon Insurance Group. The transaction, which was approved by the New York State Department of Financial Services, will result in the creation of Interboro Management Inc. employing 135 individuals in Mineola and Syracuse, New […]
Homeowners Have No Duty to Prevent Drunks From Leaving Their House, Nor to Guide Them as They Drive Away
Martino v Stolzman MEMORANDUM: The order of the Appellate Division, insofar as appealed from, should be reversed, with costs, the Oliver defendants’ motion for summary judgment granted, the complaint in Action No. 1 and the amended complaint in Action No. 2 dismissed against them, and the certified question answered in the negative. On the evening […]
