October 29
Insurance Regulation at a Crossroads: Lessons Learned from the Last Ten Years
by Bill Marcoux (Partner) and Nicholas Kourides (Senior Counsel), DLA Piper
Reprinted with permission.
Insurance regulation is at a crossroads. Faced with an increasingly globalized and dynamic industry, the painful lessons of the financial crisis, dramatic and disruptive advancements in the use of technology, creeping protectionism and nationalism in many markets, competing regulatory agendas and good faith differences in regulatory approaches, insurance regulators are at an important juncture and have the chance to chart their course for the near to mid-term. The choices they make could lead to greater regulatory effectiveness and efficiencies, or result in further Balkanization of regulation and an ever heavier, costlier and at times conflicting set of regulatory rules for insurers. The potential impacts on the insurance industry and those consumers who rely on it are significant.
“I Can’t Get No…” or Can I?
Just to pass along some new data on small business employee satisfaction, the category of most agencies, it appears that the triumphs and challenges of small businesses can augur the mega trends of the American economy. Aflac just conducted its 2018 Small Business Happiness Survey with 1,000 small business employees across the U.S. to determine […]
Final Thoughts
About 15 years ago, the Professional Insurance Agents of New York State received a call from Phil Gusman, who at that time was the editor of the Insurance Advocate, requesting I write a column for the publication. I was eager to do it. Some people told me this wouldn’t last two months … And here […]
Israel Bonds’ Insurance Division Holds Annual Luncheon, Honors Two Influential Industry Professionals
Development Corporation for Israel/Israel Bonds, the underwriter of debt securities issued by the State of Israel in the United States, held its Insurance Division Luncheon on October 17, 2018. Spanning over several decades, the annual event drew more than 255 industry professionals to the St. Regis Hotel in New York, and honored Keith J. Wolfe, […]
Termination Check List To Bullet Proof Legal Challenge
Because of the proliferation of lawsuits among white collar employers challenging employee terminations, even those that appear to be completely valid on their face, it is important for insurance industry executives to make sure that each termination, no matter how justified it appears, is thoroughly vetted prior to termination. Here is a modern checklist that […]
What The Election Means To Your Medical Care
by Jane M. Orient, M.D. People are marching with “Health Care Voter” signs, and this is generally believed to be one of the most important issues in the 2018 midterm elections. Republicans who got elected on the promise to repeal ObamaCare, and reneged, may now get unelected. Voters who supported them are dissatisfied, and Democrats […]
Hiscox Study: More Than One-Third of US Workers Feel They’ve Experienced Harassment in the Workplace
Sexual Harassment Tops List as Most Common Form of Employee Misconduct A recent study released by Hiscox, the international specialist insurer, revealed that more than one-third (35%) of employees feel they’ve experienced workplace harassment, 50% of whom said it was on account of their gender or sex. These findings are according to the 2018 Hiscox […]
Forge a Certificate of Insurance – Guilty of Crime
Certificate of Insurance Has Legal Efficacy Although issued by insurance agents with alacrity, Certificates of Insurance (COA) are important documents relied upon by those who receive them to provide comfort that the person they are dealing with is appropriately insured. When someone fails to obtain an accurate COA or alters a legitimate COA and forges […]
Claims File Content Subject to Discovery, Even Those Parts Created During Litigation
Rickard v New York Cent. Mut. Fire Ins. Co. Breaking with precedent, the Appellate Division holds here that an insurer’s SUM claims file is subject to discovery by plaintiff—even those portions created after litigation was commenced—limited only by a court’s in-camera inspection of those portions claimed to be privileged.—LNR υFollowing a motor vehicle accident in […]
