July 24
Appropriate to Effect “Forced-Placed Insurance”
Pay Your Mortgage and Keep Insurance or Lose Many people have – especially in the last ten years – had difficulty paying their mortgage and keeping the property insured as required by the mortgage documents. When the lender exercises its rights under the mortgage document, places “forced-placed insurance” to protect their security, they are often […]
Failure to Pay Part of Premium Results in Cancellation of Entire Policy
Garcia v Government Empls. Ins. Co. Edited by Lawrence N. Rogak The issue in this case was whether the failure to pay the extra premium for an increase in the limits of an umbrella policy should result in cancellation of just the increased limit, or the entire policy. The Appellate Division holds that the non-payment […]
California’s Very Expensive Free Lunch
By Marilyn M. Singleton, M.D., J.D. California’s state senate’s unipartisan passing of a sweeping single-payer health care bill, the Healthy California Act, has drawn attention to single-payer as a solution to the decaying Affordable Care Act. The ACA decreased competition and plan availability in health insurance and leaves patients holding the bag of unaffordable premiums, […]
Here’s the Thing About Millennials and Insurance
Millennials and how to work and manage them. It seems like there is a daily article posted just about this in the insurance space. Why are millennials so hard to understand, manage and find as team members in your agency? Well, they are just different. In full transparency, I am by definition a millennial. Born […]
ShelterPoint Martials Experts on NYS Paid Family Leave
ShelterPoint Life Insurance Company has created an expert educational panel that will be discussing the impact of New York State’s Paid Family Leave (PFL) mandate on employers, employees, and the business community. The first discussion, titled, “What is Paid Family Leave (PFL)? What does it mean for employers and employees?” took place on Wednesday, July 12, 2017. […]
CMSV Releases Fishlinger Optimism Index Results: Americans More Optimistic about Social Progress
The Fishlinger Optimism Index™, a measure of public opinion centered on Americans’ optimism about the future, published by the Fishlinger Center for Public Policy Research at the College of Mount Saint Vincent, rose to 69 percent in June—possibly attributable to the stock market’s record performance during the first half of the year. Americans’ optimism, […]
P/C Net Income Drops 42.2 Percent in Q1
The private U.S. property/casualty insurance industry saw its net income after taxes drop to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016—a 42.2 percent decline—and its overall profitability, as measured by its annualized rate of return on average policyholders’ surplus, fall to 4.4 percent from 7.9 percent, according to ISO, a Verisk […]
LICONY Lists Wins in Albany
Three important pieces of legislation that will help New Yorkers increase their retirement investments, use existing policies to pay for long-term care expenses, and utilize technology to make board decisions passed both the Senate and Assembly and will be sent to the Governor for approval. The three bills were all 2017 legislative priorities for the […]
Alice Kane, Former GC of Zurich and New York Life, Joins Clifford Chance
Clifford Chance has welcomed Alice Kane to its US Insurance practice. Well known in the field for several decades, Ms. Kane advises property and casualty, life, and health insurance clients on a wide range of regulatory and transactional matters. She previously served as the group general counsel at two Fortune 100 insurers, Zurich Insurance Group, […]
