February 9
CYBER WAR: NYSDFS hits the Ground… Regulating
Benjamin M. Lawsky, Superintendent of Financial Services, has released a DFS report on cyber security in the insurance industry and has announced a series of measures that DFS will take “to help strengthen cyber hacking defenses at insurers.” DFS plans to integrate regular, targeted assessments of cyber security preparedness at insurance companies as part of […]
Proof of Concept
When we read in these pages of legislative and regulatory issues – in particular, the recent successes for agents with Reg 60, Reg 79 and now the C of I clarifications – it reminds me of the value agents get from their associations: NYSAIFA, IIABNY, PIANY and the others. That was underlined just the other […]
Report Cards – The Sequel
I received a number of calls recently from colleagues, including a couple of former NY insurance department employees, asking if I had seen the new report card on the effectiveness of each of the state insurance departments. Usually the conversation started out by the caller noting that California received an “F” and NY a “D”. […]
Appraisal Rights Expanded; Drones and Insurance; Cuomo Signs C of I Legislation
New York has expanded the usefulness of appraisals for settling disputed property insurance losses. The revision clarifies that the scope of the damage is a proper subject for appraisal. The change passed both houses of the legislature unanimously and was signed by Governor Cuomo on November 24, 2014. Almost all property insurance policies include a […]
PIANY Hails Passage of Law Providing Coverage Clarity on C of I
ALBANY, N.Y. — The Professional Insurance Agents of New York State Inc., is applauding Gov. Andrew M. Cuomo’s signing of its top-priority bill (A.9590 and S.6545-A) into law today. The law addresses a growing problem for construction and insurance businesses, where certificates of insurance are issued that may not accurately represent policy coverages. The law […]
Davis named PIANY’s MetroRAP Industry Professional of the Year
The Profes sional In-surance Agents of New York State Inc. presented Kevin Davis, president of Kevin Davis Insurance Serv ices Inc., with its Industry Professional of the Year award at the annual Metropolitan Regional Awareness Program, Jan. 29, 2015. Davis also currently is the managing general agent for Travelers Insurance which is one of the largest writers of specialty insurance coverage for community associations in […]
Twelve Mistakes in Marketing
Recently I spoke at an insurance conference about success in social media marketing, and shortly after finishing my speech, a young insurance professional came to me and asked if I could take a few minutes to explain to her what I thought were twelve mistakes in marketing that agencies should avoid in the new year. […]
IIABNY Lauds “Victory for Agents”
eWitt, N.Y.— IIABNY is celebrating a major win for producers who issue certificates of insurance, after legislation it helped develop was signed by Gov. Andrew Cuomo. The Independent Agents and Brokers of New York said that the new law will stop businesses and government agencies from pressuring insurance producers into issuing false or misleading certificates […]
Intercepted!!!!! …by the Police!
So what did you do right after the Super Bowl ended? Cheer for The New England Patriots on their exciting win with seconds remaining? Chastise Pete Carroll of The Seattle Seahawks for what some say was a very poor coaching decision to call a pass play, when the whole world was thinking run out the […]
