Independent insurance agents have made important advances in awareness and use of digital technologies to improve the customer acquisition and service experience in the last two years, according to the Insurance Digital Revolution’s second Insurance Digital Transformation Survey. Today, the majority of agents, 95 percent, say that digital technologies are important or very important to […]
“Coming soon to a theater near you….” California Governor Jerry Brown signed into law the strongest online privacy law in the country, the California Consumer Privacy Act of 2018. It may alter the way Silicon Valley does business. The law ensures the following rights: • The right to know the categories and specific pieces of […]
υThe U.S. Labor Department issued a press release this month that’s getting a lot of attention: It said the Bureau of Labor statistics recorded a leveling off of hires and separations for the month of June, 2018. While employment openings seemed to have slowed down, unemployment is up slightly. The reason for this, experts say, […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Advancements in technology have changed the way companies communicate with their clients and potential clients. Blast communication—via fax, phone call or text message—enables a company to get their message to many people or companies at the same time. However, sending communication […]
By Jon Corrigan Private Placement Life Insurance & Annuity programs, commonly referred to as PPLI, have quickly become a favorite strategy among ultra-wealthy investors seeking greater tax efficiency within investment vehicles. It allows policy holders to combine the strength of premium investment products, like hedge funds or other alternatives, with the tax-free benefits of life […]
It is almost universal that mobile device habits bleed into work. More and more, answering a quick email, text or phone call outside of the workplace by nonexempt employees has blurred the lines of what is and what is not considered “compensable hours worked.” Many employers are reluctant to face this thorny issue of work […]
by Bradford J. Lachut, Esq., PIA Management Services’ Director of Government & Industry Affairs The U.S. Senate successfully passed an extension of the National Flood Insurance Program on June 29. The extension, which was passed as an amendment attached to larger farming bill, would extend the program for six months. While this may seem like […]
There is no Right to Beat Your Girlfriend and Get Defense from your Insurer People are known to do stupid things. Insurance is designed to protect the insured against his or her negligence or stupid conduct. People who drink alcohol to excess and intentionally get drunk almost certainly do stupid things because of the intentional […]
Maxford, Inc. v Erie Ins. Co. of N.Y. Edited by Lawrence N. Rogak In this No-Fault suit, the insurer moved for summary judgment on the grounds that plaintiff misrepresented her true home address on the insurance application. Civil Court denied the motion. The Appellate Term held that the insurer’s burden is not only to prove […]
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