April 24
Barry Goldstein — PIANY’s 2017 Insurance Executive of the Year
GLENMONT, N.Y.—The Professional Insurance Agents of New York State Inc. will present Barry B. Goldstein, chairman and CEO of Kingstone Insurance, with its Executive of the Year award at the annual Long Island Regional Awareness Program, April 26, at the Crest Hollow Country Club in Woodbury, N.Y. The award recognizes an individual from an insurance […]
Explosions…do explode
Congrats are in order to our longtime friend, Barry Goldstein, who sits comfortably on our cover. Barry is a serial entrepreneur who has picked a winning horse and seen it keep pace with agents and brokers’ needs….. … Insurance agency mergers and acquisitions “exploded” during the first quarter of the year, with 178 reported transactions […]
Is a Signature Needed to Make a Purchase Order a Written Contract? When Do You Report D&O Claims? Does Extended Reporting Period Affect Duty to Report D&O Claims? You Test-Drive a Car, Somebody’s Insurance Must Cover You, Right?
By Jerry Trupin, CPCU Is a Signature Needed to Make a Purchase Order a Written Contract? The blanket or automatic additional insured endorsement may save work for insurance companies, but it’s become an attorney’s full-employment bonanza. To avoid possible collusion between owners and contractors, the endorsement includes a requirement that there be a written contract […]
Make Insurance Affordable Again
by Kris S. Held, M.D. Republicans may take another stab at getting rid of ObamaCare, better called the Unaffordable Care Act. But most Americans will hold their applause until they find out whether this next attempt will improve their situation, or make insurance even more unaffordable and further restrict their ability to even have a […]
The Importance of Regulatory Advocacy
By Peter J. Molinaro, Esq., NAIFA-NYS General Counsel When most people think about government relations work, their first thought is of legislative advocacy. I believe that this is because issues surrounding the legislative process, more often than not, occupy the front page of newspapers or online news services, and the lead reports of television news. […]
Are You Wasting Time Quoting Insurance?
If I had a nickel for every time someone at an agency talked about time, let’s just say I’d be writing this article from my very own private island. Time in agencies seems to be at such a premium, there is never enough of it, but we far too often are our own biggest time […]
Afraid of a Hefty Long-Term Care Bill?
Life Insurance Holds The Answer Even as aging Americans revel in the splendor of their well-earned retirements, they still harbor plenty of worries, such as outliving their savings. Near the top of the worry list is the fear their health will deteriorate so much they’ll be forced to seek long-term care, a situation that could […]
Construction Crane Loss is not Covered Under Builder’s Risk Policy Due To “Contractor’s Tools” Exclusion
Lend Lease (US) Constr. LMB Inc. v Zurich Am. Ins. Co. Edited by Lawrence N. Rogak During Hurricane Sandy, a construction crane on a high-rise building partially collapsed due to high winds, and was covered by TV news crews. Zurich insured the building owner and general contractor. Zurich disclaimed coverage for claims related to the […]
Court Can’t Rewrite Insurance Policy
A Rockfall is Earth Movement Bad facts create litigation. When a 2,700 ton mass of rock and earth fell 1,000 feet onto a house killing the occupants and totally destroying the house, garage and a car, insurance coverage was required to ease the pain of the survivors and the bank that issued the mortgage on […]
