Guilty Of Disability Fraud ?Insurance criminals today define the Yiddish word “Chutzpah!” Their unmitigated gall to challenge a conviction for fraud is without bound. They appeal and waste the time of courts of appeal. More often than not the attempt fails, even in the very liberal Ninth Circuit Court of Appeal. In United States Of […]
NAIC – The Center for Insurance Policy and Research Demand for cannabis is increasing dramatically. More than half of U.S. states have legalized some form of medical or recreational marijuana, and the demand for cannabis is increasing dramatically. The division between state and federal status makes it difficult for businesses to receive inclusive, affordable coverage […]
Crackdown on Health Plans’ Non-Compliance with Contraceptive Coverage The New York State Department of Financial Services (“DFS”) closed out the last quarter of 2018 issuing numerous disciplinary actions, with failing to disclose information on an original or renewal application, as the most common violation, with nominal fines. DFS issued heftier fines, however, where licenses expired […]
Insurance Advocate Magazine Recognizes ShelterPoint Life’s Achievements in Proactive Educational Outreach and Preparation for Paid Family Leave ShelterPoint Life Insurance Company (“ShelterPoint Life”), New York’s largest statutory disability (DBL) insurance carrier1 received the Insurance Advocate magazine’s “Insurance Team of the Year” award on Thursday, January 25th, 2018 in recognition of ShelterPoint Life’s extraordinary preparation, education, […]
A look at Trump Tax Reforms offers mixed benefits to U.S. life insurers, according to Fitch Ratings. The cut in the corporate income tax rate to 21% from 35% could boost life insurers’ cash flows and earnings, depending on how much of the tax saving insurers pass to customers through higher crediting rates or lower […]
I spent some time over the holidays thinking about our business and how it is changing. It’s true that technology is having a major impact on how effectively and efficiently an agency can work with their clients and prospects. Consumers are definitely interested in getting things done quickly and easily. That is a challenge that […]
by Marianne Clyde At first glance the answer might seem simple. But as we look deeper into the issue, we can see that it is both: good and bad…and neither. One problem that becomes apparent as issues such as these arise, is that most people jump on the bandwagon of one opinion or the other. […]
What follows is a thoughtful perspective on issues implicit in the advent of A.I. in insurance. We applaud Mr. Di Forte for his willingness to raise hard philosophical questions, worthy of all our time. Ed. by John R. DiForte Ethics and Morals For the purpose of this discussion morals are the personal truths that allow […]
New Jersey Insurance Underwriting Association (NJIUA) has leased 7,500 square feet of Class A office space at 570 Broad Street in downtown Newark, N.J., which is owned by The Berger Organization. NJIUA, which had been at 744 Broad Street for over 30 years, signed a seven-year lease with options in the 15-story office building. According […]
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