Every so often, we get it right. Among the many e-mails received here following my piece in this space on June 29th, there were several that expressed pleasure at our critique of Sen. Warren’s presumptuous advice to Gov. Cuomo on his selection of the next DFS chief. She’d like it if the Governor were to […]
Every once in a while it seems like a good idea to take a refresher course on the wonderful world of insurance regulation from our state regulators, to our national overlords, to the international financial wannabe wizards: a little bit of summer school, if you will, to catch up on all the developments that we […]
Courts have a way of shaking up the insurance industry. We are going to look at two cases today that may change the rules in two areas: independent contractors and fiduciary liability. FedEx Offers to Pay $228 Mil to Settle Independent Contractor Case An average of almost $100,000 each, that’s what FedEx Ground has offered […]
By Kelly Donahue-PiroChange is a challenge for many agency owners but not for Donna Yother from Sava Insurance. In fact when you meet her one of the first things she generally tells people is that she loves change. Donna has not sat still in her 30 years in the insurance business. Located in New London, […]
By John R. Hurley The National Association of Insurance Commissioners (NAIC) has been developing a different approach to life insurance reserving and pricing for almost 10 years. The current system used by each state, the Standard Valuation Law (SVL) involves pricing and reserving assumptions fixed by law and regulation and applicable to all life insurance […]
In general, it is said that Millennials display a great deal of confidence. This is a result of a combination of a few different things. The focus they receive from their parents and high expectations placed upon them, not to mention their new-found independence along with the advent of cell phones, the internet, social media […]
The New York State legislative session that originally was slated to end on Wed., June 24 was extended by lawmakers in Albany through the week to address important issues including longterm rent-control regulations; mayoral control of New York City schools; and the 421-a tax abatement. Gov. Andrew M. Cuomo, Senate Majority Leader John Flanagan, R-2, […]
GLENMONT, N.Y.—The Professional Insurance Agents associations in Connecticut, New Hampshire, New Jersey and New York launched a PIA member-only benefit this week—the Agents and Brokers E&O Risk Management Tool Kit. This tool kit can help PIA members prevent or mitigate errors-andomissions damage and offers them tools and information to protect their agencies. “A champion of […]
As agents hire new employees, new tools are needed to onboard, educate and assimilate in a structured and productive way. Online learning is ideal for new hires and job changers and is an excellent way to build coverage education into the workday. IIABNY offers curriculums on Commercial Lines and Personal Lines from industry education leader […]
By Lisa K. Lounsbury When you look at the major wins and critical stops of the New York State Legislature’s 2015 session, it is critical that you know the story behind these successes. The volunteer leaders of IIABNY (the Independent Insurance Agents & Brokers of New York), our local association leaders, and our countless engaged […]
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