2016
“Yates” Grates D&O Value
Implications Are Far Reaching Can D&O Insurance Protect Officers and Directors Against an Increasingly Aggressive Department of Justice? BY DAVID WOOD and JOSHUA B. ROSENBERG On September 9, 2015, the U.S. Department of Justice published a memorandum entitled “Individual Accountability for Corporate Wrongdoing,” authored by Assistant Attorney General Sally Quillian Yates, the product of a […]
In Focus
The St. Regis Hotel in New York was the site of the Insurance Division of Development Corporation for the Israel/Israel Bonds annual luncheon. Dave S. Hattem, senior executive director and general counsel of AXA Equitable Life Insurance Co., Douglas J. Hayden, president of Wright Public Entity, and Martin Minkowitz, Stroock & Stroock & Lavan LLP […]
Precious Metals Exclusion; Per Claim Deductible; Adjuster Has the Right to See the Damage; Fixing Federal Flood Insurance
Precious Metals Exclusion Thieves pried open seven air conditioning units at Celebration Church and stole seven condenser coils. Stolen coils can sell for more than $1,000 each because of their copper content. Copper theft is big business. It’s estimated at almost a billion dollars a year, with theft from a/c units accounting for three-fourths of […]
Six Personal Branding Lessons Professionals Can Learn from Trump and Clinton
by Karen LeLand Despite having the two highest unfavorable uDespite having the two highest unfavorable ratings of any major presidential candidates in history, Donald Trump and Hillary Clinton have outlasted their competitors— and one of them is going to become the leader of the free world. What does success in the face of such highly […]
The Rise of Chatbots: Pypestream Brings Secure Mobile Messaging to Insurance Industry
by Donna Peeples Intelligent automation, or chatbots, is transforming customer service in the insurance industry. These bots offer customers new ways to ask questions, make purchases, and more within a messaging app on their smartphone or mobile device. Recently Pypestream, a leading business- to-consumer messaging platform, announced a partnership with Insurance Thought Leadership (ITL), a […]
10 Wake Up Calls on Social Media Marketing for Your Agency
If you read the title of this article and thought to yourself, “My agency doesn’t need social media,” then I have some unfortunate news for you: you’re falling behind. For those of us already embracing the power of social media, I applaud you, because the world of marketing is going digital, and social media is […]
Rescission of PIP Policy Available for Fraud
The “Innocent Third Party Rule” Does Not Eliminate Right to Rescind When an insured obtains a policy of insurance by misrepresentation of a material fact or fraud, the insurer may rescind the policy in Michigan. However, when an innocent person is injured by the insured before the policy is rescinded, statutes and courts attempt to […]
Lemonade–A Fairy Tale with an Unhappy Ending?
By now you’ve probably heard of Lemonade, the so-called “peer-to-peer” insurance company offering home, condo and renter’s insurance in New York. It rolled out recently, touting itself as a new brand of insurance company designed to take the typical insurance company and turn it into a new hybrid that is highly automated, competitively priced and […]
EUO No-Show Denial Upheld: Sufficient Basis Existed for Demand
In the matter of the Arbitration between Fawzy Salama PLLC and State Farm Mutual Automobile Insurance Company The issues in this arbitration are the Applicant’s unpaid bills for evaluations and electrodiagnostic testing, denied by the Respondent based on the Applicant’s failure to cooperate for an examination under oath. The Applicant brought this arbitration proceeding to […]
