300 Gather at New York’s Historic Union League Club to Honor Inga Beale, former CEO of Lloyd’s and Mary Lanning, Public Service Leader; Supt.Vullo address audience; IFNY interns present accomplishments Nearly 300 insurance leaders joined in the Insurance Federation of New York’s (IFNY) 104th Annual Award Luncheon honoring Dame Inga Beale, former CEO of Lloyd’s […]
The recent IFNY Luncheon was a 10-rounder for the “Old Boys Club,” as the industry used to be called, as women won all of IFNY’s awards for 2018. Now, how to compliment the winners and not run amok of accepted politically correct guidelines – most of which I do find properly correct. Inga Beale, former […]
With the pervasiveness of cell phones, distracted driving now clearly includes entering phone numbers or talking on a cell phone (even hands-free), texting, e-mailing, etc. Yet, most insurance industry employers do not have a “distracted driving” policy, but rather, have just a hands-free mobile device use policy, if they have a policy at all. As […]
by Jeff Root InsureTech has been around for years with 100’s of millions of dollars being pumped into these technology companies and there hasn’t been a dent in life insurance distribution. Life insurance companies are so focused on short term sales targets, that it’s stunting long term innovation. They’re are not adopting technology as fast […]
By Today the insurance industry is going through a revolution and too many carriers, brokers, agents and team members are failing to keep up with the rapid pace of change. Customers have grown accustomed to convenience, a plethora of information and unending choices in whatever they buy, and this applies to the purchase of insurance […]
Sustained Growth Pushes Acquisitions & Insuretech Investments Independent insurance agents and brokers can celebrate a four-year growth trend. So reports Reagan Consulting upon releasing its third-quarter Organic Growth and Profitability (OGP) study. The industry organic growth rate in Q3 was 6.1% — tied for the highest growth rate in the last 15 quarters. […]
Agent Defrauds Insurer by Not Remitting Premium Collected Insurance agents, by contract with insurers they represent, must place all premium collected on behalf of the insurer and place the funds in a separate trust account. Depending on the terms of the contract the agent then deducts the agreed commission and remits the remainder to the […]
Sunrise Acupuncture, P.C. a/a/o Sharise Davis v Kemper Independence Ins. Co. Both named insureds under an auto policy died in June 2007. Raquel Davis was named as executor of the estate. In May 2008, Raquel’s daughter, Sharise, got into an accident while driving the insured vehicle and applied for no fault benefits, which were denied […]
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