2017
IFNY Honors Case, McRaith
275 Gather at New York’s Historic Union League Club to Honor Aon Leader and Former FIO Director Cecilia Norat recognized; IFNY interns applauded More than 250 insurance leaders joined in the Insurance Federation of New York’s (IFNY) 103nd Annual Award Luncheon honoring Gregory Case, President and CEO, Aon, as he received the Federation’s 2017 Free […]
Some Might Call It Frivolous
It is a case that offered Applied Underwriters (AUW), a kind of “proof of concept” as a U.S. District Court Judge, Eastern District, California, tossed out allegations in a suit that had argued that the company, a leading, national workers’ compensation insurer, acted to defraud clients who purchased workers’ comp coverage using the Company’s widely […]
PIANY President on Industry Challenges, Perpetuation
During his address at PIANY’s Hudson Valley Regional Awareness Program in Fishkill, N.Y., on Oct. 26, PIANY President Fred Holender CPCU, CLU, ChFC, MSFS, discussed the unchanging challenges of the industry: “We have experienced quite an evolution in our business. Although the tools we use to conduct business have changed dramatically, the challenges we face […]
Israel Bonds’ Annual Insurance Division Luncheon Results in $55.5 Million in Investments
Development Corporation for Israel/Israel Bonds, the underwriter of debt securities issued by the State of Israel in the United States, held its Insurance Division Luncheon this month. The annual event drew more than 250 industry professionals to the St. Regis Hotel in New York, and brought in $55.5 million in Israel bond investments and indications […]
Viaña Receives Distinguished Insurance Service award from PIANY
GLENMONT, N.Y.—J. Carlos “Shawn” Viaña of Latham received Professional Insurance Agents of New York’s Distinguished Insurance Service award at the association’s Hudson Valley Regional Awareness Program. This award is presented to an individual with a history of service to the American independent agency system and to PIANY. Viaña is senior vice president of Marshall & […]
Time for Digital
By Giuliano Altamura, Financial Services Business Unit Manager, Fincons Group It is becoming increasingly evident that the insurance industry has fallen behind when it comes to adoption of digital services. This fact is widely recognised by most executives in the insurance ecosystem, with out-of-date front-end interfaces and inflexible back-end and legacy systems already having a […]
Duty to Disclose Disciplinary Actions and Criminal Prosecutions
Numerous recent New York State Department of Financial Services (“DFS”) penalties against licensees involve a failure to disclose on DFS applications actions taken in other jurisdictions or failures to timely report administrative actions or criminal prosecutions by other agencies. By way of background, New York Insurance Law § 2110(i) requires a licensee to “report to […]
Cloud 101 for Insurance Agencies: Lingo You Need to Know
By Adam Stern Underwriting insurance is tough enough; most agencies would prefer not to wade into the fog of IT, especially given just how obtuse the tech world has become. For those insurance brokers making the shift from an in-house solution to the cloud, getting the language right is Job #1. Familiarizing yourself with some […]
The Temptation of Fraud
Innocent Young Lawyer Falls into Fraud Trap In California, a person can pass the Bar Exam and practice law even if he or she does not attend law school or attends a non-ABA accredited law school. Finding employment with a law firm is almost impossible for young lawyers who did not attend a prestigious law […]
