2018

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2018/ November 26/ Past Issues

Insurance Agents Can Weather Radical Change by Becoming ‘Discussion Partners’ to Their Clients

Guest Author November 26, 2018

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 […]

2018/ November 26/ Past Issues

Big Gains & Big Bets in the Independent Insurance Channel

Insurance Advocate trends November 26, 2018

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. […]

2018/ November 26/ Past Issues

Agent Who Kept Premium Owed to Zurich, Loses at Ninth Circuit

Barry Zalma On My Radar November 26, 2018

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 […]

2018/ November 26/ Past Issues

If Named Insured Dies, Coverage is Limited to Spouse and Estate Representative

Lawrence Rogak Courtside November 26, 2018

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 […]

2018/ Current News/ Late Breaking News

PIANY, Big I NY File Joint Proceeding Against NYDFS Regulation 187

Gina Marie Balog-Sartario regulatory update November 16, 2018

ALBANY, N.Y.—New York’s two most influential insurance agent and broker associations announced today they have filed a lawsuit against the New York State Department of Financial Services (DFS) over amendments to NY Insurance Regulation 187, which would alter the agent/broker-customer relationship in the sale of life insurance and annuities, and ultimately harm consumers. The Professional […]

2018/ November 12/ Past Issues

November 12 Cover

Insurance Advocate Covers November 12, 2018

2018/ November 12/ Past Issues

RAP Wrap-Up PIANY Hudson Valley Conference Hails “Heroes”

Insurance Advocate Cover Story November 12, 2018

PIANY’s HVRAP returns to Suffern; Event hones in on participation and communication Professional, independent insurance agents experienced déjà vu as they came back to Suffern at the Crowne Plaza for the Professional Insurance Agents of New York State, Inc.’s 15th Hudson Valley Regional Awareness Program on Oct. 24. Continuing-education courses; a sold-out trade show; and an […]

2018/ November 12/ Past Issues

Thanks, Steve

Steve Acunto Foreword November 12, 2018

Bob Wallach, rumors have it, is in the process of reorganizing the Robert Plan 2.0 for a different market and under a different structure. The “wiz kid” as he was known told us to “watch and see”…and we will…just as we watched his legendary Dad, Bill Wallach, amaze and astound an entire industry.… Speaking of […]

2018/ November 12/ Past Issues

PCI Elects New Officers to the Board of Governors

Insurance Advocate In The Associations November 12, 2018

The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors today during the association’s annual meeting. Pete McPartland, chairman of the board, president, and CEO of Sentry Insurance Group was elected as PCI’s chair; Jim Brannen, CEO of FBL Financial Group was elected first vice chair, and Greg Crabb, […]

2018/ November 12/ Past Issues

When Employees Have to Be Paid For OfftheClock Cell Phone Use

Alfred T. De Maria HR Update November 12, 2018

It is almost universal that mobile device habits bleed into work, particularly in the insurance industry which does not run on a 9:00 to 5:00 basis 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 […]