Every other year, the PIA affiliates managed from Glenmont (PIA of Connecticut, New Hampshire, New Jersey and New York) conduct the oldest and largest survey measuring agents’ opinions of their carriers’ performance. As they say in sports, this is a “bi-year” for PIA’s Company Performance Survey. So, the associations conducted the Benchmark Survey to make sure that next year’s Company Performance Survey will measure the items that are most important to agents.
Insurance literature is replete with articles, analyses, studies and discussion documents related to industry loss and loss adjustment expense (L&LAE) reserves, the impact of L&LAE reserve adequacy on insurance pricing cycles, as well as the correlation between inadequate L&LAE reserves and the failure rates of carriers. However, we found negligible justification for the terminology or […]
Greater New York Insurance Companies celebrated its 100th anniversary the first week of November in a style that fit the modest, but unquestionably upbeat swing of this highly successful enterprise. The dinner included 300 elected and regulatory officials, brokers, company executives and industry leaders gathered at New York’s historic Union League Club one block from GNY’s Madison […]
The year 1984 has significance on so many fronts but none greater than its import regarding access to information. Contrast 1984 as George Orwell’s target year in his futuristic classic about subverting control over all communications through “Big Brother,” with 1984 as the year the first Macintosh computer was introduced and the dawning of the […]
The annual Development Corporation for Israel/Israel Bonds Insurance Division luncheon was held on October 28th at Gotham Hall in New York City. Dr. Larry Barton, Chancellor, and O. Alfred Granum, Professor of Management, The American College, and William Fishlinger, Chairman & CEO of Gramercy Risk Holdings, were honored for their professional achievements and civic endeavors. […]
So when shopping for an agency management system, what exactly are you looking for and what, precisely, are you trying to accomplish? Bigger…better…than what? As you are well aware, there are many extenuating factors that may (and most likely will) contribute to the ever changing landscape of the independent agency, which in turn will affect […]
I have been a professional independent agent for nearly five decades. The job is challenging. But, I can say without hesitation that the compensation of running my own agency has extended far beyond the financial benefits, and I encourage anyone with an entrepreneurial spirit, the desire to truly help people, and the willingness to work […]
Liability insurance policies are designed to protect those insured against claims seeking damages from the insured. Some suits, however, seek equitable remedies and no damages. In such a case, where damages are neither alleged nor proven, the availability of coverage for defense is questionable. The question was brought again in Ohio by a vexatious litigator. In […]
Grace v Law (2014 NY Slip Op 07089) We are presented with an issue of first impression for this Court: What effect does a client’s failure to pursue an appeal in an underlying action have on his or her ability to maintain a legal mal- practice lawsuit? We hold that the failure to appeal bars […]
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