By: Martin Carus On January 12, 2016, MetLife issued a press release describing a proposed break-up of the company into two distinct parts: (i) US “retail business” (for the most part and excluding business in force) and (ii) other business. The former is what is to be embedded into a new company. Note that this […]
When I was very young many, many years ago there was a cartoon called the Rocky and Bullwinkle Show about a flying squirrel and a moose. There was a segment on the show called Aesop & Son patterned after Aesop’s Fables, which were fictional stories that had a truth built into them and ended with […]
The original version of the California Code of Regulations, Section 2695.9. Additional Standards Applicable to Fire and Extended Coverage Type Policies with Replacement Cost Coverage provided: (a) When a loss requires repair or replacement of an item or part, (b) any consequential physical damage incurred in making the repair or replacement not otherwise excluded by the […]
Burniston v Ranric Enters. Corp. The “Storm In Progress” rule holds that a property owner may not be liable for a slip and fall accident when rain, snow or ice is falling at the time of the accident, or that not enough time elapsed between the end of the storm and the accident in order […]
By: G. Keith Smith, M.D. – http://SurgeryCenterOK.com Republicans are being urged to “repeal and replace” Obamacare (the so-called Affordable Care Act). No thanks. If you think O’Connellcare will be better than Obamacare, I would ask you to think again. If we are unlucky enough to experience the Republican version of Obamacare, I predict we’ll soon […]
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 […]
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 & […]
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! 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 […]
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