April 13
Miscalculating : Majority of Americans Overestimate Cost of Life Insurance
The results of the 2015 Life Insurance Barometer — the fifth annual measure of consumer trends and perceptions regarding life insurance, retire- ment and their financial well-being conducted by the non-profit Life Happens and LIMRA – found that while the majority of Americans know they need life insurance, a lack of aware- ness about the […]
“Likeable Enough”
Love this news: USAA reports the financial services industry’s reputation has “recovered considerably” from its recent low point in 2009, but it still falls far below other industries many people love to hate, including energy and telecommunications. Some financial firms escape the downbeat industry assessment, according to the 16th annual Harris Poll Reputation Quotient® (RQ) […]
Mixed Messages
There were two recent, seemingly unrelated events involving NY’s superintendent of financial services – one in his capacity as the chief financial services regulator and one in his separate role as receiver of an insolvent insurer – that send strikingly opposite messages. First there was the very public castigation of the New York branch of […]
What Is Theft? Crime Coverage Terminates for Certain Employees Uber & Lyft Insurance Update The Drones are Coming
What is “Theft”? “When I use a word,” Humpty Dumpty said in rather a scornful tone, “it means just what I choose it to mean — neither more nor less.” “The question is,” said Alice, “whether you can make words mean so many different things.” “The question is,” said Humpty Dumpty, “which is to be […]
Why Your Mobile Presence Matters
Was your agency ready for the April 21 update? Google made its biggest change to its algo- rithm ever. The Google mobile algorithm update will be influencing the display of organic search results on mobile devices such as tablets and smartphones. This will not only be affecting insurance agency websites but all websites that have […]
IIABNY CEO Dick Poppa Receives Lifetime Achievement Award
Washington, D.C. — Richard Poppa, CAE, AAI, president and chief executive officer of the Independent Insurance Agents & Brokers of New York (IIABNY), received the Jeff Yates Lifetime Achievement Award from the Independent Insurance Agents & Brokers of America (IIABA.) Poppa was honored during at ceremony at the IIABA’s Big “I” Legislative Conference at the […]
Agency Impossible
There’s a show on the Food Channel called Restaurant Impossible that I enjoy watching. If you’re not familiar, English Chef Robert Irvine takes two days and $10,000 to turn around failing restau- rants. His team is headed by two other peo- ple, his builder and his interior designer. On his first visit to these establishments […]
Covenant Not to Execute Not a Release
It is almost common for a plaintiff who gets a large judgment against a tortfea- sor that cannot be collected to enter into an agreement with the defendant to not execute upon the judgment in exchange for an assignment of the defen- dant’s claims against its insurer. It is unusu- al, however, for the insurer […]
Medical Provider Must Submit to EUO Whether it Gets an Assignment or Just Authorization to Receive Payment
Appeal from an order of the Civil Court of the City of New York, Kings County (Devin P. Cohen, J.), entered January 29, 2013. The order granted defen- dant’s motion for summary judg- ment dismissing the complaint and denied plaintiff ’s cross motion for summary judgment. ORDERED that the order is affirmed, with $25 costs. In […]
