By Betty Flood Morrow and Katlin Nash Albany, N.Y.—In a much needed change to workers’ compensation, Governor Andrew M. Cuomo recommended in his State of the State his plan to introduce legislation that will continue to reduce the cost and improve the administration of workers’ compensation for New York’s business and workers. Governor Cuomo’s proposals […]
It has been difficult to speak with John Filice these days. John is showing great strength together with his staff at U.S. Surety in the aftermath of Superstorm Sandy. That’s right, it’s January 30th and he is still climbing the stairs, struggling with electronics and having each day be that much more of a challenge, […]
Q: May a licensed insurance agent or broker co-sponsor seminars with a law firm in order to provide general insurance advice to employers? A: Yes. (NY Insurance Department, Office of General Counsel Opinion No. 11-01-07) Q: May an insurer require a third-party claimant to execute a release before the insurer will pay a settled claim? […]
As I enter the end of my career I look at the young people I work with and I wonder what this business will be like for them. Insurance is the only real work I have known and all things considered it has been very good to me. I’m not sure this business will be […]
– Notice to Broker is Not Notice to Insurer – Late Notice Update – A Broker’s Duties to the Insured – Improving Crime Protection for Employee Benefit Plans Let’s look at some recent developments in areas we’ve looked at before. Notice to Broker is Not Notice to Insurer This combines three topics that we’ve looked […]
We have all seen the commercial, and most likely repeated the phrase, I’ve fallen and I can’t get up!” in a mock emulation of the TV spot. Of course when we exclaim that expression we say it in jest, and not by any means attempting to diminish the value and importance of the product that […]
Trezza v New York Cent. Mut. Fire Ins. Co. This is an action, declaring the plaintiffs’ right to coverage under a homeowner’s insurance policy issued by the defendant. The plaintiffs own and reside at the property located at 8 Greenbrier Avenue, Farmingville, New York. According to the plaintiffs, on February 1, 2012, two pipes beneath […]
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