October 15
Licony Leaders and Members “Cruise” Through Leg / Reg Agenda
LICONY concluded the organization’s long-running Annual Meeting & Planning Conference at The Sagamore Hotel on Lake George. The three-day event from Oct. 3-5 was attended by over 130 participants including senior level executives, general counsels and governmental affairs professionals of the life insurance industry.
Participants were attracted to the opportunity to attend content-rich panels that offered the latest updates on legislative and regulatory changes in the industry. Much of the information came right from the source, as members of the Department of Financial Services and the NYS Legislature were featured throughout the event.
Homeowners’ Customer Satisfaction Measured
“Home insurers’ investments in improved digital interaction channels and bundled product offerings that combine multiple policies under one account are paying off in the form of the highest levels of customer satisfaction in the history of our study,” according to the J.D. Power 2018 U.S. Home Insurance StudySM. However, the ability of insurers to maintain […]
Cheap & Fast – A Recipe for Disaster
I can’t think of a more important advertising campaign for all independent agents to share in than informing consumers of the dangers of choosing insurance protection on what is cheap and fast. I believe that we owe a duty to the public to bring to their attention the serious possibility they will be uninsured or […]
Insurance Law for Common Interest Communities: Condominiums, Cooperatives And Homeowners Associations
Important New Book on the Market Francine L. Semaya and Douglas Scott MacGregor have done a lot of thinking on a topic that affects the insuring community substantially. The result is a highly accurate, readable and useful 1,100 page to me: Insurance Law for Common Interest Communities. It is a winner and should be in […]
Ergonomics – Increasing Safety and Efficiency
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Increasing efficiency and safety should be key components of any business plan. Ergonomics, the science of fitting the job to the worker, helps lessen muscle fatigue, increases productivity and reduces the number and severity of work-related injuries. While most often associated […]
Enlightening Exchange at NYIA’s New York Regulatory Symposium
The New York Insurance Association’s recent New York Regulatory Symposium in Albany underlined important property and casualty issues with representatives from the New York State Department of Financial Services (DFS). In attendance from DFS were Laura Evangelista, Executive Deputy Superintendent, Insurance Division; Marshal Bozzo, Assistant Deputy Superintendent, Property Bureau; Gerald Scattaglia, Assistant Chief Insurance Examiner, […]
Emilio Miret (1937 – 2018)
A Personal Tribute As David Louie e-mailed the news, I thought to myself “please, not another heartbreaking obituary, please…and certainly not one with the name Emilio Miret in the title.” These successive months of grave losses from the “golden age” of the independent agent, as many friends have termed it, have set off a sense […]
The Workers’ Compensation State: Caterpillar or Butterfly?
By Jess Dantice, CEO, Zenjuries Funny how things change, isn’t it? One day you’re making sure your horses have newly shod hoofs for the two-day carriage ride to the neighboring town, and the next you’re online bidding for a chance to become the first civilian to ride a rocket ship around the moon and back. Today’s […]
Mother, Don’t Let Your Child Become an Adjuster in Washington State
Statute Makes Individual Adjuster Liable for Tort of Bad Faith The state of Washington, in an attempt to protect consumers, has acted in a way to drive insurers and their employed adjusters out of the state. This case makes it financially dangerous to be an insurance adjuster in Washington state. I have railed against the […]
