MALVERN, Pa.—The Institutes Griffith Insurance Education Foundation is collaborating with The Council of State Governments, or CSG, to provide policymakers with non-advocative, nonpartisan educational programming that examines insurance issues surrounding autonomous vehicles, including the potential shift in liability from drivers to auto and tech companies, which is just one of the issues that policymakers may […]
MALVERN, Pa.— The Institutes CPCU Society, a community of credentialed property-casualty insurance professionals who promote excellence through ethical behavior and continuing education, has announced its newest member benefit, The Institutes CPCU Society Knowledge Center. The Knowledge Center, which officially launched in late 2016, offers CPCU Society members convenient, online access to carefully curated and cutting-edge […]
ARLINGTON, VA—Commercial insurance prices in the U.S. were nearly flat during the first quarter of 2017, according to leading global advisory, broking and solutions company Willis Towers Watson’s (NASDAQ: WLTW) most recent Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies written during the first quarter of 2017 to those charged […]
Selling insurance. It’s what we do every day, right? For some agencies, yes—for others it seems like taking out the trash and selling insurance are at about the same level. Why do so many agencies put sales to the back burner? In our experience, there are several reasons why sales may be second to everything […]
Thousands of agents and insurance industry professionals convened for three days of fun, networking, and business on the Jersey Shore at the PIANJ/PIANY Annual Conference at Harrah’s Casino Resort in Atlantic City, N.J., June 11-13. The wildly successful event was the place to network and be seen at exciting and fun parties each night; a […]
Several years ago at a PIA board meeting, we began to discuss an issue brought to us by a member through PIANY’s bi-annual Advisory Councils. Basically, when the New York State Department of Financial Services and Insurance transitioned its licensing requirements to an agent’s birthdate in 2012, the regulation had unintended consequences: While an agent’s […]
Scavetta v Wechsler Edited by Lawrence N. Rogak In this negligence case, defendant tied his dog’s leash to a bicycle rack on a Manhattan street, apparently unaware that the rack was not secured to the sidewalk. The dog began to run through the streets, dragging the rack behind him, and eventually […]
The FBI lists the following common insurance fraud schemes in its Insurance Fraud Report at https://www.fbi.gov/stats-services/publications/insurance-fraud: Premium Diversion Premium diversion is the embezzlement of insurance premiums. It is the most common type of insurance fraud. Generally, an insurance agent fails to send premiums to the underwriter and instead keeps the money for personal use. Another […]
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