Homeowner’s Policy Provides No Coverage to Insured for Spouse’s Wrongful Death Claim Matter of Randall S. Courtney v Dryden Mut. Ins. Co. Plaintiff is the administrator of the estate of Randall Courtney. He commenced this action seeking a declaratory judgment that defendant is required to defend and indemnify him in an action that arises from […]
FROM: William Bonds, President Danielle Philp, Education Director EMPIRE SAFETY COUNCIL DATE: October 1, 2013 TO: Honorable Andrew M. Cuomo , New York State Governor, The Executive Chamber Barbara J. Fiala, Commissioner, NYS Department of Motor Vehicles The Hon. Dean G. Skelos, Temporary Senate President, New York State Senate The Hon. Sheldon Silver, Speaker, […]
NAIC Update on Insurance Industry Investment Portfolio Asset Mixes By the Capital Markets Bureau of the NAIC NEW YORK, N.Y.—The asset mix of an insurance company’s investment portfolio varies over time based on different influences, including both macroeconomic and industry-specific factors. The general state of the global economy, industry trends, market events and the political […]
Outpouring Thanks to so many readers who expressed their heartfelt sympathy on the passing of Manny Levy, long time editor of this publication. We feature one letter below from Stewart Fries, a longtime friend of this publication and a close associate of Manny’s, particularly in this publication’s advocacy for the straightening out of the […]
Yes, Deer! So how many times have you said those words…or have had them whispered to you, in a soft, meager, and meek tone of voice? Well guess what?! It’s that time of year that you will be hearing it quite often…or maybe even saying it yourself! Rutting season, as it is known, is the […]
The Wonderful World of Annuities Picture the child sent out to play in the snow so bundled up with layers upon layers of protective clothing that the child is barely able to move or to enjoy the experience. Keep that picture in mind if you want to buy an annuity in New York. The statutory […]
New York Second in Nation For Questionable Workers’ Comp Claims Albany, N.Y.—New York is second in the nation, only behind California, for questionable workers compensation insurance claims. New York jumped to second in 2012 from fifth in 2011. “Workers compensation insurance fraud is a serious problem in New York,” Ellen Melchionni, president of the New […]
Big “I” Presents Best Practices Awards to Companies ALEXANDRIA, Va.—The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) presented insurance carriers CNA, Central Insurance Companies, EMC and Travelers with the its Best Practices Award of Excellence at the recent education convocation held in conjunction with the Big “I” Leadership Conference in […]
Insurance Lessons Learned from Sandy: Steps to Share with Your Business Clients NEW YORK, N.Y.— The difficulty many businesses had reopening after Hurricane Sandy is a reminder of the importance of having a disaster recovery plan and the right type and amount of insurance, according to the Insurance Information Institute (I.I.I.). In fact, the I.I.I. […]
Steve: It was very sad to hear of Manny’s passing…even at age 95… Manny was one of my heroes in the Insurance industry. There were many times he stood up to the higher powers, against what he thought was wrong, and he wasn‘t afraid.. Thirteen years ago, I had the great honor and privilege, to […]
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