WASHINGTON, D.C.—Tad Walker, President and Chief Executive Officer, PartnerRe North America, was elected chair of the Board of Directors of the Reinsurance Association of America (RAA) at the 45th Annual Meeting of Members on April 26, 2013 in Sea Island, Georgia. Elected to serve with Mr. Walker are vice chair Tad Montross, Chairman and Chief […]
In this issue of the Insurance Advocate we feature several different items worthy of note, not the least of which the names of those who are now elected to serve as volunteer leaders of the RAA and the IIABNY. We also feature a recent PIA survey’s results. In our last issue we presented a list […]
What do you do when you do not like the statutory format of a required report? The options would seem to be to comply with the reporting requirement, ignore the law and be punished for failing to comply, or change the requirement. If you are a licensed insurance company, broker, agent or other regulated entity, […]
This is current events month. While the topics aren’t closely related, they’ve all been in the news or on my desk in the past month. $41.7 Million Liability Judgment for Injury to One Person The headline read: “Conn. Student Disabled On School Trip Wins $41.7 Million.”1 My first reaction: “Must have been an awful injury.” […]
On June 6, the Long Island Insurance Division of the UJAFederation of New York’s 2013 Annual Dinner will take place at Shelter Rock Jewish Center in Rosyln, N.Y. I’m very excited about this event, not just because I co-chair it with my good friend, Justin Fries, who also sits on the PIANY board, but because […]
Senate Targets Auto Fraud ALBANY, N.Y.—The New York State Senate passed legislation to crack down on auto insurance fraud which has led to injuries, even death, for innocent victims and costs hundreds of millions of dollars a year in higher premiums when New Yorkers already pay some of the highest auto insurance rates in the […]
As you know from reading my column for so long, every so often I am fortunate enough to happen upon some very interesting information that I enjoy sharing with those of you who enjoy my work. Today is no different! With gratitude to the “Agents Council for Technology” and “ACORD Users Group Information Exchange” (ACT/AUGIE) […]
Hastings v Sauve We hold that the rule of Bard v Jahnke (6 NY3d 592 [2006]) does not bar a suit for negligence when a farm animal has been allowed to stray from the property where it is kept. Karen Hastings was injured when the van she was driving hit a cow on a public […]
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