Conning and Company’s work provides the insurance industry with some of the most valuable research and observations available. In the report below we present their outlook on Medical Malpractice for the coming years. The original report was entitled Medical Professional Liability – Looming Threats to Solid Performance 2013 from which we extract a summary and […]
Harold Lee & Sons @ 125 Harold Lee & Sons is a credit in a number of ways to the Independent Agency and Brokerage system, but most of all, to the fact that this agency has survived and prospered marvelously as a uniquely ethnic agency, is testimony to the enormous opportunity this country provides. For […]
Big “I” Scores McKinsey Report as “Off Base” on Independent Agency System ALEXANDRIA, Va.— Robert Rusbuldt, Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) president & CEO, finds serious flaws with much of a recently released study titled “Agents of the Future: the Evolution of Property and Casualty Insurance Distribution” by […]
Interpleader When an Insurer Must Interplead Funds When an insurance company is faced with competing claims for the proceeds of a life insurance policy and cannot determine which claim is proper, it may deposit the benefits of the policy into court and ask that the competing interests litigate the right to the proceeds. Since it […]
PIANY Honors Ryan with the Hudson Valley RAP Distinguished Insurance Service Award GLENMONT, N.Y.—The Professional Insurance Agents of New York State Inc. is presenting Kevin M. Ryan, CIC, CPIA, with its Distinguished Insurance Service award at its 10th Hudson Valley Regional Awareness Program. This award is presented to individuals in the insurance industry who have […]
Health Insurance Marketplace Certification Course ALBANY, N.Y.—Following up on their earlier success, The Independent Insurance Agents and Brokers of New York (IIABNY) and the New York State Association of Health Underwriters (NYSAHU) have announced another joint project to certify insurance producers for the state’s new individual health insurance marketplace. The organizations are offering a course […]
DFS Announces Ban of Harbinger Capital’s Philip Falcone From Involvement in Operations of All New York- Licensed Insurers, Including Fidelity New York Fidelity New York Also Agrees to Put in Place Enhanced Policyholder Protections – Modeled on Those DFS Established at Other Insurance Firms Owned by Private Equity Companies NEW YORK, N.Y. – Benjamin M. […]
Reflections During a Difficult Time Iam writing this article at the end of a difficult week for me. I attended the wake and services for my long-time friend and assistant, Roberta. It’s difficult to describe the depth and importance of the relationship Roberta and I shared. I was lucky enough to hire my Roberta 45 […]
Ethics, Conflicts and Justice Stewart Being against ethical standards in our business is like being against apple pie or ice cream! Rooting for conflicts of interest is like a Yankee fan rooting for the Red Sox! We all have rules that must be followed in our business and professional lives. These rules are generally set […]
Are We Becoming Ethical in Spite of Ourselves? By John R. DiForte, MBA, CPCU Radical shifts in technology are leading to greater transparency in our daily lives. Any time we use an electronic device, we leave a record that can be searched, cross-referenced, duplicated, and potentially shared. This knowledge of transparency often leads to increased […]
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