Senator Breslin has filed Bill # S-769, supported by the Excess Line Association of New York that implies simplified requirements for agents and brokers placing business in the state’s E & S lines marketplace. The bill would “excuse retail insurance brokers and any unaffiliated wholesale excess line insurance brokers from making a diligent effort when […]
WASHINGTON—NAIC recently named 34 consumer liaison representatives for 2019. The 20 funded and 14 unfunded consumer representatives began their terms Jan. 1. Seventeen of the funded consumer representatives participated in the program in 2018. Established in 1992, the Consumer Liaison Program promotes consumer interaction with the NAIC’s members, the insurance industry and interested parties through […]
NEW YORK– AmTrust Financial Services, Inc. (“AmTrust” or the “Company”) has stepped up its strategy and plans with the launch of AmTrust Forward and with the naming of several executives. “Our vision for AmTrust is to be a leading specialty commercial P&C insurer. We believe we can achieve this by focusing on local markets and […]
NEW BERLIN, NY – Preferred Mutual (“Preferred Mutual”) Insurance Company President and Chief Executive Officer, Christopher P. Taft, recently announced several key promotions within the company’s management team. “As we look to our future,” Taft commented, “we have identified the opportunity to capitalize on enterprise perspectives in order to drive our strategic initiatives by building […]
By Joseph B. Fitzgerald While any advisor would be excited to acquire his or her next high net-worth client, too often the search for high-earners means an advisor might miss out on an opportunity to cultivate relationships and work with younger generations. Advisors should keep millennials, ages 22 to 37, top of mind as they acquire […]
GLENMONT, N.Y.—The Professional Insurance Agents of New York State is pleased to be the first to support the Excess Line Association of New York’s introduction of a bill that would simplify requirements of agents and brokers placing business in the state’s excess & surplus lines marketplace. The bill, S-769, filed in the New York Senate, […]
Albany, N.Y.—The New York Insurance Association (NYIA) announces the election of its 2019 officers and board of directors. The following officers were elected for a one-year term ending Dec. 31, 2019: Chair: Elizabeth Heck, president and chief executive officer, Greater New York Mutual Insurance Company, New York, N.Y. First vice chair: Mark Prechtl, executive vice […]
Bar Negligent for not Seeking Arrest of Drunk & Disorderly Customer ?It is axiomatic among plaintiffs’ personal injury lawyers that the more serious the injury the less the need for legal niceties. In a case of the wrongful death of a young woman at the hands of a violent, intoxicated and unlicensed driver a clear […]
Natural Therapy Acupuncture, P.C. v Omni Indem. Co. Plaintiff medical provider brought suit against Omni Indemnity. Omni was granted summary judgment after it proved that it did not issue a policy for the subject accident, but that a different insurer did. Plaintiff appealed. The Appellate Term affirmed the dismissal of the suit, and ordered both […]
By Marilyn M. Singleton, M.D., J.D. My new year’s resolution is to expose the hypocrisy of the morally superior politicians whose election strategy was to pretend they cared about crafting policies in the country’s best interest. Take “the wall” on our southern border. Ignoring the opinion of the border patrol agents (51 percent of whom […]
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