March 27
Digital Disruption: The Volcano that Keeps on Erupting
(Reprinted with permission) A McKinsey Report on the Effects Preface There is a lot of noise out there. Insurance CEOs constantly hear about digital marketing, digital distribution, digital IT architecture, and digital attackers, as well as digital technologies such as telematics, automation, and machine learning, to name but a few hot topics. What is harder […]
By a Nose. . .
In this issue we reproduce a letter sent by the Empire Safety Council to the Governor, calling for the immediate termination of the Internet Point Insurance Reduction Program (IPIRP). The letter calls for criminal charges for state official misconduct by those scheming to continue ineffective driver safety programs by fabricating scientific research; fraudulent driver safety […]
Time Spares No One
How 2017 is flying by us! I feel like I just finished my last column and the first quarter of the year is almost over. I hate to say it, but my last column in the Advocate warned you this was coming: On Feb. 17, Gov. Cuomo announced that New York is the first state […]
Why Isn’t Your Agency Quoting Personal Lines Over the Phone?
If you’re like most agencies in America, you are worried about the growing demands on your agency. Technology is swirling all around you but it’s expensive and most of you fear staff mutiny by disrupting their routine. Customers routinely and increasingly care more about price than your service and the big mega-national brands are spending […]
Trump Needs to Drain the “Healthcare” Swamp
By Jane M. Orient, M.D. In his Feb 28 , President Trump called the Affordable Care Act (ACA, or “ObamaCare”) an “imploding disaster.” His references to soaring premiums, contracting choices, and market collapse are all spot on. And of course everybody wants “reforms that expand choice, increase access, lower costs, and at the same time, […]
State-Sponsored Retirement Program: Is New York State on Deck?
By Alyssa Snyder, NAIFA-NYS Counsel Governor Andrew Cuomo announced in January of 2016 the creation of the SMART Commission (“Saving More to Achieve Richer Tomorrows”). This commission was created as Cuomo’s vehicle to study available options for the creation of a state-administered retirement savings program for workers whose employers do not offer a retirement plan. […]
Narcotics, Pain, and Medicaid
By Dr. Alieta Eck A new law has hit the people of New Jersey, the home of the toughest narcotics laws in the nation, in an effort to stem deaths from heroin and opioid addiction. A similar law is coming to your state, if not already there. The target? Law abiding physicians—as if physicians were […]
Ownership Not Required to Have an Insurable Interest
Every Interest in Property Where a Peril May Cause Damage to the Insured is an Insurable Interest Insurance is a contract of personal indemnity. It does not insure property. Rather it insures the person insured against the risk of loss of described property. Therefore if a person is not named as an insured, that person […]
Home Health Care Agency’s Insurer Had Duty to Defend and Indemnify in Class Action by Patients
Americare Certified Special Servs., Inc. v Nautilus Ins. Co. Edited by Lawrence N. Rogak Plaintiff, a home health care agency, had been sued in a class action on behalf of patients whose services had been reduced due to State budget cuts to Medicaid. Plaintiff’s general and professional liability insurer disclaimed. After the class action suit […]
