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 […]
Matter of Country-Wide Ins. Co. v Ramirez Petitioner Country-Wide Insurance Company (“Country-Wide”) moves for an order, pursuant to CPLR 7503, permanently staying arbitration, or, alternatively, temporarily staying arbitration pending a “framed-issue” hearing or the completion of discovery. Respondent, Jose R. Ramirez (“Ramirez”) “cross-petitions” for an order denying the petition and sanctioning Country-Wide pursuant to 22 […]
By Tom Pliske after a long period of uncertainty, it has now become clear that insurance companies have a major new threat with which to be concerned. Last year, the Internal Revenue Service paid out its first claim subject to the new Whistleblower laws passed in 2006. Since the law went into effect, there have […]
Am I the only one providing expert witness assistance for fidelity claimants? Fidelity coverage (also known as “employee theft” or “employee dishonesty” coverage) is just a small part of the insurance universe, generating many fewer claims than property and liability coverage and of those, even fewer end up as lawsuits. Nevertheless, my expert witness activity […]
In this issue of the Insurance Advocate, you will notice some typical features and one new topic that may spark some interest. First we cover PIANY’s Metro Rep, an event that has grown beautifully over the past several years. PIANY has now three local meetings, large in size, attractive to agents and generally quite accessible, […]
Chairman Leads National Group Alex Giordano gladly accepted the responsibility of chairing his trade association, the Self-Insurance Institute of America, Inc. (SIIA), even though his duties would take time from his day job as one of the nation’s leading marketers of stop-loss insurance for sponsors of self-insured employee group health benefit plans. “That was an […]
[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 […]
[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 […]
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