There is an unhealthy trend occurring in our business caused by inaccurate perceptions and apathy on the part of some independent agents and brokers. They believe they can no longer success- fully write and retain personal auto insurance! Some have started to give up on personal insurance all together. They have conceded that market to […]
Two weeks before Thanksgiving, I drove to Glenmont PIA headquarters for our committee and board days. On the way up, I crossed the Tappan Zee Bridge. For anyone who hasn’t driven over the bridge recently, it’s amazing to see the cranes, the pilings going in and the amount of progress being made on this construction […]
Park Insurance has changed gears pretty neatly, moving from its formative stages up to a speed level fit for a promising road ahead. President Tom Polsinelli is at the controls daily, even hourly, measuring and navigating admirably to keep his growing enterprise on the straight and narrow, from personnel decisions to court appearances. It’s the […]
The Ebola story gets stranger every day as administration officials, the CDC, and President Obama himself stretch logic and reason to the breaking point and beyond in an attempt to explain away their opposition to the basic epidemiological method of containment and quarantine. There is simply no dispute that Ebola needs to be contained in […]
You Can Lie to an Insurer in Illinois and Still Keep Coverage When a person, directly or through a broker, lies in an application for insurance it usually results in voidance of the insurance policy either by the equitable remedy of rescission or by the language of the policy. Illinois, at least in the case […]
Francis v New York Yankees Partnership Order, Supreme Court, Bronx County (Howard H. Sherman, J.), entered April 16, 2013, which granted defendant’s motion for summary judgment dismissing the complaint, unanimously reversed, on the law, without costs, and the motion denied. Plaintiff allegedly sustained personal injuries when, to avoid a golf cart coming toward her in […]
Metropolitan Prop. & Cas. Ins. Co. v Braun Order, Supreme Court, New York County (Saliann Scarpulla, J.), entered on or about May 8, 2013, which denied plaintiffs’ motion for a default judgment and granted defendants’ cross motion for an extension of time to interpose an answer, unanimously affirmed, without costs. The motion court providently exercised […]
The time for Republican self-congratulation is over, and the work needs to begin. It appears that the majority of the voting population recognizes that our country is in dire condition. Time is running out to fix it. Are Republicans going to work for our country, or just shift money around to different special interests? It […]
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 […]
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