Aspirin, Antibiotics, Surgery or Real Prevention and Cyber Health? By: Stephen M. Soble and Jack Dufrene ********************* The risks are ponderous, the exposures beyond most calculation, and the responsibility unrelenting. With the advent of Cyber compliance regs, the insurance industry faces baseline standards and a host of off-the-shelf solutions to deal with the pain, but […]
The eternal matter of fair compensation to agents and brokers placing business in the NYSIF may be laid to eternal rest if the “second floor,” legislators and regulators listen to the agents’ groups who have eternally pleaded for this measure of fairness. PIANY has just amended legislation to include a requirement for the New York […]
Have you ever had a difficult time communicating the details of a policy with a customer remotely? Well, technology is always evolving, and now there is a free and easy-to-implement tool that can transform the customer experience through the use of video. It sounds too good to be true, right? Well, this is the real […]
By Richard A. White We’ve spent the last few weeks combing through Paid Family Leave draft regulations to pull out the most important information, so you don’t have to. Here are your absolute must-knows based on the drafts: NY PFL is one of the most comprehensive paid family leave programs in the country. All New […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor In the George Orwell book, 1984, the overriding theme was “Big Brother is Watching.” With telematics, science fiction is now closer to reality. Telematics is the branch of information technology that deals with sending and receiving information, as well as effecting […]
The NAIC held its 11th Annual International Forum in Washington, D.C. on May 15-16, 2017. The NAIC Press Release issued post-forum states as follows: “The two-day forum included more than 300 regulators and insurers from 20 jurisdictions representing more than 70 percent of global insurance premium.” While there were certainly late arrivals, i.e., too late […]
Awards and scholarship announcements accompanied the evening’s activities May 18, 2017, Albertson, New York—New officers and directors took the helm on May 17 during the Long Island-based TriCounty Independent Insurance Agents Association annual installation dinner and awards ceremony. The gathering, held at Chateau Briand in Carle Place, NY, set the TriCounty leadership for the 2017 through […]
May 17, 2017, HARTFORD, Conn.—The Professional Insurance Agents of Connecticut commends the state House for passing H.B.7126, which has been amended to remove insurance coverage gaps that existed in the original bill. The amended bill passed the House [last Thursday] and has been sent to the Senate for consideration. PIACT President Kenneth A. Distel offered […]
O’Brien v Port Auth. of N.Y. & N.J. Edited by Lawrence N. Rogak In this Labor Law case, a construction worker slipped and fell on a metal temporary staircase that was wet from the rain. The Court of Appeals held that the fact that a worker falls at a construction site, by itself, is not enough […]
Promise of Coverage Without Explanation of Coinsurance Can Be Fatal To Insurance Agent No one seems willing to read the insurance policy they purchased. When they have a loss and the failure to read the policy costs the insured money, he, she or it will always sue the insurance company and the insurance agent. Often, […]
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