May 7
Risk Retention Groups: Financial Stability is Focus of Demotech Analysis
GAO and NRRA at Odds Despite current economic uncertainties and the dialogue between the General Accountability Office (GAO) and the National Risk Retention Association (NRRA), Risk Retention Groups (RRGs) in total improved reported results in a number of key areas for the year ending December 31, 2011. The GAO issued its report pertaining to the […]
The Case Against Artisan Policies
On April 24, 2012, the Appellate Division in New York decided a case against an insurance company involving the New York False Claims Act and the issuance of “artisan policies.” Artisan policies are designed to provide coverage for small contractors, such as carpenters, plumbers and roofers, or other skilled manual laborers, but do not generally […]
Intentional Acts Exclusion Smith v Geico Ins. Co. v Liberty Mutual Insurance Co.
This is an action to recover nofault insurance benefits, including outstanding medical bills and loss of earnings, from Geico. It appears that, on or about September 2, 2008, the plaintiff was injured when he was involved in an accident with a motor vehicle operated by nonparty Edward J . Conrad. Geico insured the plaintiff’s vehicle, […]
Going it Alone…or, Better, Together.
Many agents and brokers aren’t interested in being involved in industry affairs and organizations. They won’t commit time and effort on common issues, matter of fact they won’t even attend meetings. They leave those issues to a relatively small group of dedicat ed and committed agents that serve year after year. I realize that their […]
Another Kind of Hero
For those of us who are fortunate enough to know Dave Isenberg, this story will not surprise you as he is always one to put others before himself, and to use his life’s experiences to selflessly assist those who may benefit from it. A veteran of the insurance industry for nearly 50 years, David recently […]
House Financial Services Committee Chairman Spencer Bachus Named Big “I” Legislator of the Year
WASHINGTON, D.C.—The Independent Insurance Agents & Brokers of America (the Big “I”) named U.S. House of Representatives Committee on Financial Services Chairman Spencer Bachus (R-Ala.) as the Gerald Solomon-IIABA Legislator of the Year for 2011. In his address to the group, Rep. Bachus discussed numerous issues that impact the small business community, consumers and the […]
CPCU Liability Coverage for Defective Products, Impaired Property, and Product Recall Updates on Homeowners Residency Issues and an Employee Dishonesty Loss That’s One for the Books
What’s Your Problem?With this column I’m starting an occasional discussion of problems sent by readers and friends. If you have a problem you’d like my thoughts on, send it to me at cpcuwest@aol.com. Here’s the first one: An agent in Rockland County, NY asks: I have a contract metal/plastic fabrication firm as a client. They […]
Moving Around Town
We continue to marvel at what our colleagues will invent, create and grow in the insurance sphere. Of course, not everything grows to full fruition, some things die halfway through their season, a fact of which we are reminded over and over again in our travels in the industry. I can not tell you how […]
