2017
Repair or Replacement Cost as a Measure of Indemnity in New York
By Jennifer van Voorhis, Esq. Recently we received a request from a reader inquiring as to who has the responsibility to determine whether a sustained covered loss to a dwelling can be repaired or must be replaced. We always urge a thorough reading of the policy first, in order to determine what coverages exist, but […]
Editorial: “Measurement Began Our Might….”
When poet William Butler Yeats wrote these words, he was not thinking of insurance underwriting standards for sure. But his line does apply to the essence of the stability and viability of insuring, especially in the face of increasingly intrusive concepts from governments turned activists and activists who’d love to be the government. A proposal […]
How Do You Get Rich?
Readers of this column know I am a proud family man. My twin grandsons are entering college in the fall and we could not be more delighted. They are an endless source of pride and an equally great source of stories. Recently, one of my grandsons asked me, “Grandpa, how do you get rich?” I […]
Insurable Interest—It’s Not Just Theory; Authorized Rep Steals $5.2 Mil—Firm “Fully Insured” But Collects Zero; After 40 Years in the Desert, Norman Rockwell Painting Returns; Vacancy and Ambiguity—A Bad Mix
Insurable Interest, It’s Not Just Theory Insurable Interest is not just a topic in Insurance 101. You cope with it every time you specify the named insured for a property policy. Insurable interest means the insured has to have some skin in the game. It doesn’t mean the insured has to be the absolute owner. […]
GGA Emerges as Generali Expands Market Presence in North America
Chris Carnicelli is on a mission. CSA Travel Protection, a leading provider of travel insurance, is now Generali Global Assistance. This corporate initiative is part of a broader organizational program to rebrand several Europ Assistance business lines in the United States to Generali Global Assistance. Europ Assistance is part of the Generali Group, one of […]
Over Half of Agents Have Never Had Sales Training
Yes, you are hearing it straight from us—52% of insurance agents have never had any sales training. So if part of becoming an agent is the ability to sell insurance, where did we go wrong? Sales is an art form. There are people naturally born to be salespeople, but the rest of us have to […]
Universal Coverage Means Less Care
By: Jane M. Orient, M.D. The reported success of the Affordable Care Act (ACA or ObamaCare) is based on enrollment numbers. Millions more have “coverage.” Similarly, the predicted disasters from repeal have to do with loss of coverage. Tens of thousands of deaths will allegedly follow. Activists urge shipping repeal victims’ ashes to Congress—possibly illegal […]
Facebook Cannot Appeal Grant of Warrant to Search User’s Account, Holds Court of Appeals
Matter of 381 Search Warrants Directed to Facebook, Inc. Edited by Lawrence N. Rogak In a novel ruling affecting internet privacy, New York’s top court holds that Facebook cannot appeal a court’s search warrant in a criminal case—issued under the federal Stored Communications Act–which compelled Facebook to grant prosecutors complete access to certain users’ accounts. […]
