I read an article this week about a young consumer (in his early twenties) looking to buy a car, register and insure it. As luck would have it he intended to get a premium indication on a Friday afternoon and planned to buy the car over the weekend. The premium indication was to be based […]
By Timothy Dodge, AU, ARM, CPCU New York’s certificates of insurance law officially took effect on July 28, 2015. The New York State Department of Financial Services has posted an initial list of certificate forms it has approved. We are getting closer to a huge relief for New York insurance producers. Judging from the emails […]
Remember last summer’s ice bucket challenge… I am certain that if you personally did not take part in it, you absolutely knew someone who did. Whether they dunked themselves in a pool of cold water, or dumped a bucket full of ice over their head, millions of people throughout the country participated in this “dare” […]
It seems that some judges believe that insurance is an entitlement rather than a contract that can be interpreted beyond reason to provide benefits to victims of persons insured even if that person intentionally causes injury. In so doing they forget that insurance is a contract that provides indemnity only for fortuitous actions and can […]
NEWPORT BEACH, CA — Alliant Insurance Services, the nation’s largest specialty insurance brokerage firm, has expanded its managing general agent (MGA) practice through the acquisition of Preferred Concepts, a leading insurance program underwriter and wholesale broker with offices in New York, New Jersey, and Connecticut. This is Alliant’s fourth MGA acquisition of 2015. “As the […]
GREAT NECK, NY — ShelterPoint Life Insurance Company is partnering with National Vision Administrators, L.L.C. (NVA), one of the largest national vision networks and benefit administrators, to provide enhanced network benefits and claims processing capabilities for its policyholders. The partnership allows ShelterPoint to leverage NVA’s negotiating power to reduce the cost of its vision benefits […]
ALBANY, N.Y.—The New York Insurance Scholarship Foundation, Inc. (NYISF) awarded its 2015–2016 scholarship to Thomas Fiorillo, a senior at St. John’s University studying actuarial science from New Port Richey, Fla. “The New York Insurance Scholarship Foundation is pleased to recognize a student as exemplary as Thomas,” Ellen Melchionni, president of NYISF said. “His academic and […]
By Richard Amerling As I predicted back in March, the U.S. Supreme Court ruled for the administration in King v. Burwell. So I was not surprised by the decision, but that doesn’t mean I am not deeply disappointed. I am. Beyond the ramifications for the continuation of the abominable Obamacare, the obvious truth is that […]
By F. Joseph Wertz This past year, New York State extended the pilot of the Internet Points Insurance Reduction Program (IPIRP) despite major questions regarding the studies supporting its effectiveness. There has been no conclusive proof that the I-PIRP actually improves driver safety and reduces the risk of accidents, yet the I-PIRP pilot program has […]
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