Some 2,000 agents and insurance industry professionals took to Atlantic City at the PIANJ/PIANY Annual Conference Harrah’s Casino Resort in Atlantic City, N.J., June 10 – 12. The event, an ever-evolving industry tradition, brought a flood of insurance professionals to the shore, to network and be seen at exciting and fun events; packing an expansive […]
IFNY wound up hosting a beautiful breakfast meeting with Scott Fisher (pictured) which turned out to be his very last appearance as Executive Deputy Superintendent of the NYDFS. Scott resigned a few days prior. Not saying yet where he will be going, but he is a bright man who did nicely at the DFS in […]
By Elizabeth Lee Vliet, M.D. Free markets in medicine are not “broken;” they have not been allowed to work since 1944 when wartime federal policies began disturbing market forces. Federal control of prices and service delivery further expanded following the Medicare Act of 1965. In 2010, Obamacare crushed medical insurance plans, doctors, hospitals, pharmaceutical companies, […]
LONDON—The Schinnerer Group announced that it is rebranding as Victor, a name reflective of the firm’s history and its new global operating model. Victor is the world’s largest managing general underwriter (MGU), currently servicing greater than $1 billion in premium. The Schinnerer Group’s businesses will take up the Victor brand over the next year, and […]
by Alfred T. Demaria A letter detailing an offer of employment to a candidate—an offer letter—is an important legal document and should be carefully drafted. A modern offer letter designed to reflect all of the numerous developments in employment law should include the following: • A clear description of what the job entails, to whom […]
Appellate Court May Not Rewrite Insurance Policy Construction contracts are risk transfer devices. They often require each subcontractor to name the general contractor and the owner as an additional insured. The requirement can include multiple additional insured. Insurance policies, even though they are written in easy-to-read language are the least read contracts in business. They […]
T & S Med. Supply Corp. v Ocean Harbor Cas. Ins. Co. Edited by Lawrence N. Rogak In this suit for NY no-fault benefits against a Florida insurer, the insurer moved for summary judgment based upon its retroactive voiding of the policy due to material misrepresentation. Reversing Civil Court’s grant of summary judgment, the Appellate […]
by Jane M. Orient, M.D. Congress recently passed, and President Trump signed, the “Right to Try” bill that gives dying patients limited access to drugs that have not yet been approved by the Food and Drug Administration (FDA). Our Founders would be astonished that we need such a bill. Nowhere does the U.S. Constitution give […]
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