Four-State PIA Survey Shows Hard Market isn’t Escalating as Expected GLENMONT, N.Y.—In the first month of 2014, the PIA affiliates in Connecticut, New Hampshire, New Jersey and New York conducted their second-annual Market Trends Survey, finding the heralded hard market may not be launching as expected. In fact, when compared to responses from last year, […]
On Dissent By Casey O’Brien, Cuyler News ALBANY, N.Y.—Insurance cases are being brought to the forefront at the New York Court of Appeals, ranging from a three million dollar malpractice case to personal injury cases, with three out of five including a dissent. It happens coincidentally that there are five insurances cases at once, one […]
The Affordable Care Act Spillover Property Casualty Insurance The Insurance Research Council is a division of the American Institute For Chartered Property Casualty Underwriters (The Institutes). The Institutes are affiliated with the CPCU Society, a community of credentialed insurance professionals who promote excellence through their technical expertise and ethical behavior and The Griffith Insurance Education […]
Consolidating Producer Associations: One or Two… or What? For as long as I can remember, agents and brokers have disagreed over whether or not the two major producer associations in New York (IIABNY and PIANY) should merge or consolidate – you pick the combination wording du jour. In recent issues, one of our columnists, Jamie […]
Show Us the Numbers! Ah, Spring! The long, torturous winter with its seemingly endless cold and snow is behind us and we can look forward to warmer days, greening trees, blooming flowers and the beginning of Derek Jeter’s retirement tour. Spring is also reporting season for the insurance industry. Just about everyone in the industry […]
Policy Must Be Read as A Whole Single Fire – Multiple Occurrences Bad facts with severe injuries make bad insurance law when courts attempt to interpret policies to provide maximum funds available for the victim. The Supreme Court of Connecticut was asked to interpret various provisions of a professional liability insurance policy to determine the […]
New York Court of Appeals Rejects Insurance Company’s Use of Limitations Period “That Renders Coverage Valueless” New York, NY— Rejecting what plaintiff’s counsel called a “heads we win, tails you lose” insurance company argument, the New York Court of Appeals has found that an insurance company cannot enforce a two-year suit limitation period on a […]
Brown & Brown, Inc. to Acquire Uniondale Based Wright Insurance Group, LLC DAYTONA BEACH, FL and TAMPA, FL—J. Powell Brown, Chief Executive Officer and President of Brown & Brown, Inc. (NYSE: BRO), announced that Brown & Brown, Inc. has entered into a merger agreement to acquire The Wright Insurance Group, LLC (“Wright”). This transaction brings […]
New Threats in the 21st Century It was dramatic to watch the chief executives of Target and Neiman Marcus testify this month in front of the Senate Judiciary Committee about recent data hackings at their stores during the holiday season. But as I caught parts of the hearings, I wondered if the size of these […]
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