February 10
Insurance Industry Can Set Standards on Cyber Security as World Digitizes, Impacting Society
“One mantra often heard in cyber circles is that cyber risk should be a business issue, not an IT issue. I can confidently say without reservation, it is a business issue at the highest levels of the world’s largest corporations.” – Pascal Millaire, CEO, CyberCube
First minority-led tier-one insurance and reinsurance broker launches in the U.S.
“Protecdiv, the first tier-one minority-led insurance and reinsurance broker in the U.S.”, has launched The new Philadelphia-based company is led by experienced insurance industry professionals Kael Coleman and Paul Little. As a specialty U.S. Property and Casualty (P&C) brokerage with process, technology, and diversity at the very center of its business model, the broker has […]
Small Commercial Insurance: Bigger, More Varied and More Specialized
Changes Driven by New Technology and Increased Carrier Appetite While most insurance agents and carriers are well aware of the opportunity for growth in the small commercial market, not everyone is focused on the rapidly developing trends that have the power to accelerate that growth: small commercial is getting bigger, more varied and more specialized, […]
“Needlessy expensive and restrictive”
The Empire Center has launched “DeregulateNY,” a web-based contest inviting users to identify the most needlessly expensive and restrictive rules imposed on people offering goods and services in New York State. Contestants submit entries online and compete to win a cash prize …..and a trip to Albany. New York businesses contend with more than 300,000 […]
Lockton Affinity – NJDOBI Consent Order Highlights Affinity Marketing Risk
Analysis by Genevra Burns Law Offices, New Jersey Affinity Brokerage relationship can present regulatory risk. On September 5, 2019, the State of New Jersey, Department of Banking and Insurance entered a Consent Order in the Matter of Proceedings by the Commissioner of Banking and Insurance, State of New Jersey, to fine Lockton Affinity, LLC, Reference […]
Expanded Role for Big ‘I’ Virtual University Director
Chris Boggs has been named the executive director of risk management and education for the IIABA. Boggs’s new role combines his current position of Big “I” Virtual University executive director, in which he leads the university in delivering education and research to member agencies, subscribers and the industry, with directorship in Big I Advantage®. In […]
Big ‘I’ Names New President of Big I Advantage®
Big I Advantage® has announced the appointment of Mark Steven Wolf, CPCU as new leader of Big I Advantage®, replacing Paul Buse who is moving on after more than 21 years of dedication and contributions to the company. Wolf is now president of Big I Advantage®, Inc., IIAA Agency Administrative Services, Inc. (AAS), IIAA Membership Services, […]
NYIA Elects 2020 Officers
The New York Insurance Association (NYIA) announces the election of its 2020 officers and board of directors. The following officers were elected for a one-year term ending Dec. 31, 2020: Chair: Mark Prechtl, executive vice president/chief executive officer, Chautauqua Patrons Insurance Company, Jamestown, N.Y. First vice chair: Charles Makey, senior vice president, insurance operations, Merchants […]
Fifth Amendment Doesn’t Apply to a Plaintiff’s Suit
Fear of Arson Arrest Not Basis for Refusing to Testify When a person obtains insurance under false pretenses and then, as soon as the policy goes into effect, causes it to be set afire to defraud the insurer, he cannot then refuse to testify in a suit he filed pursuant to the Fifth Amendment of […]
