The DFS investigation revealed that the premiums charged to homeowners for force-placed insurance can be two to ten times higher than premiums for voluntary insurance — despite the fact that force-placed insurance provides far less protection for homeowners than voluntary insurance. “The force placed insurance industry has for too long been plagued by an intricate […]
In the last issue of this publication, we ran a story that remembered with affection the late Cummin Clancy. The story was written by Brian and Brendan Clancy and appeared here in an In Memoriam column. Cummin Clancy taught me a lot early on in my career with respect to what it meant to be […]
There was a time not so long ago when the New York Insurance Department took the view that if an insurance company stopped writing new business and tried to simply run-off its business, it was engaging in a prohibited activity—self-liquidation. The failure to “do the business of insurance for a period of one year” was—and […]
Those of you who have been reading my column for the past five years have witnessed an overall shift in my philosophy from the spring of 2008 when I “came out” and announced that I converted from being a NIMBY (that I have affectionately called so many of you over the years) and took the […]
Do you find yourself completely drained at the end of the work day but frustrated because you didn’t have time to think about what you were doing? Were there projects you worked on that you didn’t have the time to complete as well as you wanted? You just needed to get them done. If you […]
By Katlin Nash ALBANY, N.Y.—The New York State Court of Appeals will be hearing oral arguments in the case of Roman Catholic Diocese of Brooklyn v. National Union Fire Insurance Company of Pittsburgh, PA. The lawsuit filed against the Roman Catholic Diocese of Brooklyn and Reverend James Smith in 2003, the daughter of a church […]
A Beacon International Group, Ltd. Member
