By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Twenty percent of the land in the United States is susceptible to sinkholes, according to the United States Geological Survey (USGS). Sinkholes appear around the world, often without warning, causing nearly $300 million in damages each year. Helping clients understand the […]
The public health crisis in the United States in connection with opioids and drug overdoses has led to the New York State Department of Financial Services’ (“DFS”) issuance of Circular Letter No. 9 on September 6, 2019, directed at New York State life insurance and accident and health insures in regards to overdose reversal drugs […]
By Kumar Patel, Founder and CEO of Omnidya In an increasingly digital age, the greatest risks to consumers are digital – with data breaches topping the list. Cyberattacks are launched on financial service companies 300 times more than companies in any other sector. In 2017, KPMG reported that at least 81% of healthcare and health […]
No Excuse, No Coverage, for Intentional and Criminal Abusive Conduct Bad people do bad things. Forcing a woman to have an abortion; beating that woman, and imprisoning her while threatening to kill her mother, cut off her fingers and force her to act against her doctor’s recommendations are all intentional and abusive conduct that is […]
Nadkos, Inc. v Preferred Contrs. Ins. Co. Risk Retention Group LLC The Court of Appeals holds that a foreign Risk Retention Group’s failure to timely disclaim coverage is not an “unfair business practice,” while its failure to timely disclose the details of its coverage, is. The Federal Risk Retention Group Act of 1986 pre-empts State […]
Together with the National Center for the Middle Market (NCMM), which is housed at The Ohio State University Fisher College of Business, Chubb has published a summary of findings from the Middle Market Indicator (MMI) report. The latest poll was conducted in the second quarter of 2019, and explores macro trends – both current and emerging – plus business risks within the middle market. The summary measures past and predicted revenue growth, employment growth, economic confidence levels and business investment.
Way back when I did some boxing—I was a welterweight then—I learned the expression “Cadillac Cash.” It referred to the monies a new contender or champ would spend from his first real earnings on a new Cadillac. This was well before Mercedes invaded the US luxury market. The monies usually wound up being largely wasted, […]
υCongress has found another way to harass insurance industry employers by passing a new law called the “Federal Civil Penalties Inflation Adjustment Act.” It directs federal agencies to increase civil penalties for failure to post required notices of various discrimination laws in places where they are reasonably accessible by employees. As a result, fines have […]
The core principals of selling insurance protection haven’t really changed that much. The tools and speed with which it happens have changed as have the number and aggressiveness of competitors in the marketplace. What has changed for both young (and old) producers is prospecting for new clients. Today’s world of social media and the internet […]
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