MSO, Inc. (The Mutual Service Office, Inc.) is pleased to announce the addition of Karen S. Fulton (pictured right) to its board. Ms. Fulton is the retired President and CEO of ARI Insurance Company (an Amtrust Caompany), and its predecessor, ARI Mutual Insurance Company. She previously served as Vice President and Controller of American Reliance […]
Welcome to the Insurance Fraud Legion of Shame. The year’s convicted extreme schemers were chosen by the New York Alliance Against Insurance Fraud. Driven to deceive. Michael Danilovich (NYC) masterminded a massive fraud ring that stole $279 million in false injury claims from bogus and setup car wrecks. It was one of the largest such […]
Pavlova a/a/o Cosby Reavis v Allstate Ins. Co. In this no-fault suit, plaintiff medical provider billed for services under CPT code 20999, which is a “by report” code. The insurer denied the claim on the grounds that the provider did not supply documentation backing up the need for the services. The Appellate Term held that […]
By Marilyn M. Singleton, M.D., J.D. Paris is in flames over a fuel tax increase that would pile 30 cents onto the $7.06 per gallon price paid by citizens whose average monthly salary is $2,753.This burdensome “carbon tax” on the middle class is intended to help meet Europe’s commitment to reduce carbon dioxide emissions and thereby […]
First Am. Alliance, Inc. v Ameriprise Ins. Co. In this no-fault suit, plaintiff medical provider billed for services under CPT code 20999, which is a “by report” code. The insurer denied the claim on the grounds that the provider did not supply documentation backing up the need for the services. The Appellate Term held that […]
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. […]
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