February 10
LICONY Heats Up Legislative Activities
LICONY Heats Up Legislative Activities The Life Insurance Council of New York, Inc. (LICONY) celebrated its 46th Anniversary on Thursday, February 6, 2014, with a reception at the Mutual of America headquarters building on Park Avenue, NYC. The Anniversary Celebration Reception was attended by guests from life insurance companies, legal, accounting, actuarial, and other […]
ForeWord
So sad to learn of Gene Wollan’s passing. He was a force for good in the field of reinsurance law and a great friend. I knew Gene from the Metropolitan Opera and other incarnations in addition to his being a great writer and contributor for the Insurance Advocate. R.I.P… The Life Insurance Council of New […]
Budget Balancing (and Other Magic Tricks)
Budget Balancing (and Other Magic Tricks) The State of Nirvana has come up with a painless way to not only balance its budget, but to also increase spending on new programs and capital projects and reduce taxes. Nice trick, right? How, you may ask, is this possible? Nirvana has decided to require all state domiciled […]
National General Holdings Corp. Acquires Renewal Rights and Assets of Tower Group’s Personal Lines Business
National General Holdings Corp. Acquires Renewal Rights and Assets of Tower Group’s Personal Lines Business Karfunkel Cites Advantages to Agents, Brokers National General Holdings Corp. (NGHC) has moved to acquire the renewal rights and assets of the personal lines insurance operations of Tower Group International, Ltd in connection with an agreement simultaneously entered into by […]
Peace of Mind
Peace of Mind Some 30 years ago when I was starting my new career as an independent agent I learned a concept at the time that I thought was just a gimmick to get people to buy the coverage they needed. During my training at the Aetna’s PRIME school they stressed we weren’t selling Insurance […]
MetroRAP Rings in the New Year
MetroRAP Rings in the New Year On Thursday, Jan. 23, PIANY held its first RAP of the year: MetroRAP, a landmark event for the New York City Metro insurance community, has become the first event professionals mark on their calendar. Despite record cold outside, insurance agents and those seeking to interact with them met each […]
Life Settlements Market Holds New Opportunities
Life Settlements Market Holds New Opportunities Conning, a thought leader in insurance since 1912, has recently shared an executive summary of its latest study on the Life Settlement market, revealing that there is increased investor interest and new opportunity for the aggregation of these policies by licensed agents and brokers. As an asset class, life […]
First Party vs. Third Party
First Party vs. Third Party “Other Insurance Clause” Eliminates Coverage First party property insurance only insure the owner of the property for its loss and makes no promise to defend or indemnify the insured against claims of third parties. Even in bailment situations, where the policy insures against the risk of loss of property of […]
