The new ACORD form 855NY will shake up our already hectic certificate of insurance world. It’s an addendum to certificates of insurances for New York. It will provide detailed information about the policies shown on the certificate, particularly the CGL. This is good news for additional insureds and their risk manager. It’s bad news for […]
We note with sadness the passing of two professional gentlemen, truly worthy of the name: The first is Markham Rollins, Jr., aged 80, father of Markham III and Charles, and successor to his father in the operation of the Rollins Agency in Bronxville, founded in 1910, now located in Rye Brook. A former U.S. Marine, […]
Last August I took a semi-serious look at the acronymic National and International insurance regulatory agencies, institutions and forces of nature (“Late Summer Delights: Fishing for Acronyms,” IA, August 19, 2013), with a somewhat jaundiced view of how these paragons of regulatory expertise may affect the future course of the insurance industry and its denizens. […]
First it was the “web.” Then it was “social.” Now it’s “mobile.” The pace of technological change is daunting. If you were late to the party for the first two, you better not be late for mobile. Mobile has fundamentally transformed every element of consumer behavior. And it’s transformed how businesses engage with shoppers and […]
Steve: The large pile of reading material that accompanied me on my summer encampment to Block Island included the May 12th edition of the Insurance Advocate (among a number of other editions in my quest to get up to date). I especially like to read Peter Bickford’s Insight columns when I do pick […]
If you have ever watched television, surfed the web, picked up a newspaper, been on Facebook, Twitter, or LinkedIn, spoken with your kids since last August, or if you have been to a Dunkin Donuts, then you know that today begins “Shark Week” on The Discovery Channel! Although I am a huge fan of state, […]
InVEST has awarded $87,000 in scholarships to 70 students pursuing insurance- related degrees, breaking previous scholarship records. The program is a key incentive in attracting new talent to the insurance industry. Many of the winners are from New York schools. “InVEST congratulates the 70 students representing 17 schools and from eight states who earned scholarships […]
GLENMONT, N.Y.—The Professional Insurance Wholesalers Association of New York State Inc. has announced a new, exclusive member benefit designed to provide quick, practical guidance on day-to-day issues facing the insurance wholesaler. The association will launch a toll-free phone line, called the PIWA Hotline, at (844) FOR PIWA or (844) 367-7492, by which members will receive […]
The world of the independent agent and broker is changing rapidly and in many areas. Sometimes it seems things are changing so quickly it’s impossible to keep up. Competition is fierce. Clients are demanding more service, completed faster and taken care of when it’s convenient for them. Running an agency isn’t getting easier and finding, […]
Insurance policies of all types have contribution or excess clauses. Sometimes the clauses conflict and when two insurers insure the same risk both will claim that the responsibility lies with the other. In Central States, Southeast and Southwest Areas Health and Welfare Fund v. First Agency, Inc. — F.3d —, 2014 WL 2933225 (C.A.6 (Mich.)) […]
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