Insurance premiums are hard to pay. Anyone who owns a car would prefer to only pay insurance premiums until after they have a loss so that they can collect and pass the expense on to the insurer. That, of course, defeats the purpose of insurance to spread the risk to all insureds. When insurers issue […]
Batista v Global Liberty Ins. Co. of N.Y. Edited by Lawrence N. Rogak A liability insurer issued a disclaimer three years after learning of the occurrence, and a year after receiving a default judgment against the insured. The insurer assigned counsel to represent the insured at a traverse hearing to challenge the validity of service […]
(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 […]
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 […]
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 […]
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 […]
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, […]
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. […]
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