January 25
Bye-Bye Boomers, Hello Digital Natives
A look at who will be who in the insurance business over the years ahead Applied Systems and InVEST Release First-of-Its-Kind Report on Generation Z’s Expectations of the Insurance Industry University Park, Ill. – Applied Systems and InVEST today released a first-of-its-kind report that provides insight into Generation Z’s (Gen Z) view of the insurance […]
Waldorf Salad with Peppery Condiments
At the 20th annual Property/Casualty (P/C) Insurance Joint Industry Forum, held last week at the Waldorf, insurance leaders assured attendees that they have adapted successfully to the evolving risks brought about by dramatic technological changes. The Forum’s Experts Panel: A View from the Outside Looking In, was chaired by Charles M. Chamness, president & […]
Unhealthy Plans
On the first day of the new session of the NY State Legislature, the Senate Insurance and Health committees held a joint forum on the failure of Health Republic Insurance Company of New York, the largest of the non-profit health insurance exchanges created under the Affordable Care Act. State regulators shut down Health Republic last […]
Late Notice Problems are a Thing of the Past, Right? Wrong! ; More on Cyber Scams; ISO Tackles Airbnb, VRBO and Other Home-Sharing Services; Short Takes on Significant Topics: Loss Payee Clauses and Large Losses
Late Notice Problems Are a Thing of the Past, Right? Wrong! In 2008, New York amended its insurance law to require an insurer to show prejudice before denying coverage for a liability claim when the declination is based on the insured’s late reporting of the occurrence. It’s common to say that New York’s late […]
Insurance Agency Websites Done Right
This should be a well-known fact by now, but your insurance agency’s website is in place for one key purpose: to successfully market your agency in the digital world. Your website shouldn’t just be a templated presence or simple landing page, but instead should be a marketing powerhouse that leverages your brand, highlights your insurance […]
Gov. Cuomo Nominates Maria Vullo as Superintendent of NYDFS
Governor Andrew M. Cuomo today nominated Maria T. Vullo to serve as the Superintendent of the New York State Department of Financial Services. Ms. Vullo is an experienced senior litigator and manager, with more than 25 years of practice in business litigation and investigations. She is of counsel at Paul, Weiss, Rifkind, Wharton & Garrison […]
Setting Your 2016 Vision, Goal and Strategy
By: Kelly Donahue-Piro, Owner Agency Performance Partners We are here, it’s officially 2016! Time flies. It’s time to get serious about insurance agency goal setting and where you want your agency to go in 2016. If you don’t have a plan then you need to shake down the person who does! No matter if you […]
How to Lose an Insurance Coverage Case
Insured Has Burden to Establish Coverage Making a claim is not sufficient. It is the obligation of the insured first to establish that there is coverage for the loss that is the subject of the claim. It is never automatic that the insured, by simply presenting a claim, shifts the burden to the insurer. In […]
Coffey Elected Chair of New York Insurance Association
ALBANY, N.Y., Jan. 4, 2016—Steven J. Coffey, president and chief executive officer of Broome Co-operative Insurance Company (BCIC), was elected chair of the New York Insurance Association (NYIA) at the association’s Annual Meeting on Nov. 10, 2015 in Latham, N.Y. Coffey is serving a one-year term that began Jan. 1, 2016. Coffey has served on […]
