2016
Tech to the Rescue: How Data Science is Working to Advantage Insurers, Agents
Written by Pauline Brown, VP of Marketing at Dataiku, edited by the Insurance Advocate The facts and the sequence in which they fall are quite simple: Today, traditional companies in the banking and insurance sectors are seriously challenged by internet-era giants like GAFA (Google, Amazon, Facebook, Apple) and disruptive startups in Fintech and IoT. To […]
Hall of Fame Elects von Bomhard
The International Insurance Society (IIS) has announced Nikolaus von Bomhard, Chairman of the Board of Management of Munich Re, as the 2017 Insurance Hall of Fame Laureate. Dr. von Bomhard will be inducted at the July 3rd gala awards dinner held in conjunction with the IIS Global Insurance Forum which takes place at the Park […]
Computer Fraud Is Not Cyber Coverage; FEMA to Buy Reinsurance; Flood Damage Not Restricted to Special Flood Zones; Late Notice Can Still Doom Liability Claims; Embezzlements Continue to Bedazzle; What is Vacant Land?
Computer Fraud Cover Is Not Cyber Coverage Another sign of the increasing incidence of cyber fraud troubles is the frequent reports of insureds looking for coverage for cyber fraud under their crime coverage. (It also shows that many insureds lack cyber coverage.) A case in point is Apache Corporation v. Great American Ins. Co.[i] Apache […]
Lisa Lounsbury to Head 134-Year-Old IIABNY
Lisa Lounsbury succeeds Richard Poppa as head of New York’s Big “I”. Here is her view of the role. What are IIABNY’s greatest focus areas as it plots member services and supports their future? At IIABNY, our mission is to advance the performance and success of independent insurance agencies and brokerages in New York. While a lot has […]
Geo-Targeted Email Marketing for the Independent Agent
Geo-targeting is new to some of us in the insurance space, and could be a valuable asset to you and your independent insurance agency, as long as you have the right approach. Geo-targeted data allows us to make use of a targeted demographic that wasn’t always traditionally available. But what is geo-targeting exactly? Geo-targeting is […]
My Holiday Story: Holiday and Insurance Fraud
[The story that follows is fiction, based, in part, on a true case worked on by me. Any similarity to real people is unintentional. It is meant only to educate fraud professionals about how some unscrupulous people use the crime of insurance fraud for fun and profit during the Christmas season.] Raymond Alexander had no […]
Adding the Word “Proven” to “Loss of Earnings” Does Not Make IME Letters Defective; Master Arbitrator Within His Powers to Reverse Lower Arbitrator
Golden Earth Chiropractic & Acupuncture, PLLC v. Global Liberty Ins. Co. of N.Y. Edited by Lawrence N. Rogak This ruling in a No-Fault appeal stands for two propositions, one of which answers a novel question. First, an IME scheduling letter, the wording of which deviates from Regulation 68 by adding the word “proven” to the […]
Betty Flood, of Cuyler News Service, died Wednesday in Albany — the Insurance Advocate mourns the passing of our long-time contributor and dear friend
From TimesUnion, http://blog.timesunion.com/capitol/archives/270228/betty-flood-83-cut-a-path-for-women-at-state-capitol/ Betty Flood, a trailblazing Capitol correspondent whose work reached from Gov. Averell Harriman’s administration to this month, died Wednesday at Memorial Hospital in Albany. She was 83. Flood — whose married named was Elizabeth Flood Morrow — operated Cuyler News Service, an independent operation that worked out of a small office on […]
