September 30
2019 U.S. Small Commercial Insurance Market: SMALL BUSINESSES “SATISFIED”
Small Business Commercial Insurance Customer Satisfaction Reaches All-Time High Thanks to Investments in Digital, Servicing and Product Expansion, J.D. Power Finds COSTA MESA, Calif.— Small business owners have never been more satisfied with their insurance providers, according to the J.D. Power 2019 U.S. Small Commercial Insurance StudySM released today. The all-time high satisfaction score of […]
Safest Cities in New York, 2019
Overall, New York fares very well in terms of safety compared to the rest of the nation: its violent crime rate is 24th lowest in the country, but the state is just 5th in property crime. New York’s individual cities fare very well on our Safety Index, which is a combination of FBI crime statistics […]
How Not to Get Sued by Your Employees in 2019
Train Your Managers It’s great to have an up to date employee handbook that puts your workforce on notice of your company’s policies and procedures, but training your management personnel is also essential. Managers must be trained on how to address employee absences and inquiries under the Family and Medical Leave Act, Americans with Disabilities […]
Telling the Real Story
There is so much misleading and incorrect information circulating in today’s world. You would think that wouldn’t be the case as the general population has gotten better educated and society has progressed from the days of the snake oil salesman. The truth is, the people who choose to manipulate and deceive have become much smarter […]
Sinkholes – Are They Covered?
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 […]
DFS Addresses Insurers’ Discriminatory Practices With Respect to Certain Prescription Drug Use
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 […]
Next-Generation Solutions for Next-Generation Security Risks
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 […]
Intentional Acts, Domestic Abuse and False Imprisonment Excluded
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 […]
New York’s Timely Disclaimer Statute Does Not Apply to Foreign Risk Retention Groups, Holds Court of Appeals
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 […]