April 28
LOOKING UP — First Net Underwriting Gains Since 2007 Mark P/C Insurers’ 2013 Results
LOOKING UP First Net Underwriting Gains Since 2007 Mark P/C Insurers’ 2013 Results Private U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 percent. At […]
A question often asked…
A question often asked… The IBANY held its annual fete at an amazing location at 2 Desbrosses Street Rooftop in New York’s SoHo. There were about 400 in attendance. Anthony Greene and his band of brokers did a great job. Many industry veterans were among the happy younger generation of professionals – the latter far […]
Motivational Misdirection
Motivational Misdirection Anyone who loves a good mystery knows that determining motivation is a key element to understanding actions. But as in all good mysteries, motivation can be cleverly concealed or woven into the fabric of a tale. We are probably all guilty at one time or another of the practice of misdirection in order […]
April Was Volunteer Month: What are you doing for your industry?
April Was Volunteer Month: What are you doing for your industry? I have been asked more than a few times where I get my ideas for writing this column. In fact, when I was first approached to contribute to the Insurance Advocate in 2005, a colleague of mine advised against it. He said interesting issues […]
Social Media –The 5 Reasons Your Business Cannot Survive Without It
Social Media –The 5 Reasons Your Business Cannot Survive Without It By Chris Paradiso Social media is no longer just a possible fad. It is now an actually form of communication. If you are an agency owner and have yet to begin using social media to support your sales strategy, you may need to recheck […]
IBANY Spring Reception Draws 400+ Attendees
IBANY Spring Reception Draws 400+ Attendees The Insurance Brokers and Agents of New York, Inc., (IBANY) held its Annual Spring Reception at the Tribeca Rooftop in New York City on April 17, 2014. The event followed the Board of Directors meeting at which the 2014-2015 Board were elected. The elected members include: Directors: Anthony Greene, […]
RRGs Report Financially Stable Results at Year-End 2013
RRGs Report Financially Stable Results at Year-End 2013 By Douglas A. Powell, Senior Financial Analyst, Demotech, Inc. A review of the reported financial results of risk retention groups (RRGs) reveals insurers with a great deal of financial stability. Based on year-end 2013 reported financial information, RRGs continue to collectively provide specialized coverage to their insureds. […]
Myth BUS-ted!
Myth BUS-ted! As a school board member for 10 years, on countless occasions I have had many a parent tell me how (especially in inclement weather) they would prefer to not only drive their little darlings to school in the morning, but also pick them after school in the afternoon. Of course my initial response […]
Court Denies Default Motion in DJ Action Even Though Defendants Defaulted
Court Denies Default Motion in DJ Action Even Though Defendants Defaulted Interboro Ins. Co. v Rosetta Dawkins et al. Plaintiff INTERBORO INSURANCE COMPANY moves pursuant to CPLR 3215 for a default judgment against defendants MERIT ACUPUNCTURE, AVENUE C MEDICAL, P. C. PROFESSIONAL HEALTH IMAGING and TOTAL MOBILITY, P.C. (collectively, the “Provider Defendants ). Plaintiff purports […]
