By Sharon Emek, Ph.D. Can there be too much of a good thing? When it comes to retirement, yes. Abe Lemons, a college basketball coach from the 1950s through the 1980s, once said: “The trouble with retirement is that you never get a day off.” For working stiffs, it seems an impossibility that you could […]
In this issue of the Insurance Advocate, we present PIANY’s new slate of officers for 2013-2014 and congratulate each of them for their service to date to their peers. We look forward to confirming the truth of “the best is yet to come”… PIANY cited Assemblyman Cahill for his service to the association and the […]
Defendant Sentenced to Up to Six Years on Prison, Ordered to Pay Full Restitution to Victims POUGHKEEPSIE, N.Y.—Attorney General Eric T. Schneiderman announced the sentencing of a former Saratoga County insurance agent who defrauded an elderly couple of more than $300,000 over the course of a nearly eightyear period. Joseph A. Marvullo, 64, of Porter […]
The results of a new “distracted driving” study conducted by New Jersey auto insurance group, Plymouth Rock Assurance has been released on the heels of a recent New Jersey court ruling finding that the sender of text messages, who knows that the recipient is driving and texting, may be held responsible for distraction and liable […]
Albany, N.Y.—The New York State Court of Appeals heard the case brought by Antonio Hronich’s widow Gaudenzia Hronich against his former employer Con Edison Company of New York, Inc., Sedgwick Claims Management Service, Inc., and N.Y.S. Workers’ Compensation Board and the Special Disability Fund. Antonio Hronich, a long-time employee of Consolidated Edison, was diagnosed in […]
Albany, N.Y.—New legislation has been signed into law. Legislation restricting the supervision of state licensed real estate appraiser assistants has been signed into law by Governor Andrew M. Cuomo of the laws of 2013. The law became effective on July 1, 2013. “The new standards had to be adopted by state appraisal programs by July […]
Promed Durable Equip., Inc. v GEICO Ins. Appeal from an order of the Civil Court of the City of New York, Kings County (Lisa S. Ottley, J.), entered October 25, 2011. The order, insofar as appealed from, denied defendant’s cross motion for summary judgment dismissing the complaint and found, in effect, that plaintiff had established, […]
The Department of Financial Services (DFS) released the first in a series of audits on the New York State Common Retirement Fund (CRF). The audit uncovered serious information technology problems at the Office of the State Comptroller (OSC) that are putting retirees and taxpayers at significant risk. To help address these problems, DFS – the […]
This month we’re going to look at three cases that may change the way you view insurance coverage. Two of them involve the New York Court of Appeals, which seems to be coming down on the insured’s side more frequently than in the past. And at the end we’ll quickly look at an item that […]
You hear it every day, social networking: Facebook (which by the way has now climbed over its IPO price and is increasing every day!) Twitter, Tumbler, LinkedIn, Instagram…where does it end? Guess what? It doesn’t…it just keeps growing! Two new key trends that we are now seeing are “social culture” and the “connected society” which […]
A Beacon International Group, Ltd. Member
