Winter brings us to peak flu season. Employee absenteeism, whether for the employee’s own illness or that of a family member, becomes a regular issue for many employers. Fortunately, for most employers the absences caused by the flu and other common ailments are of short duration and covered by the employer’s sick leave policy. Operations […]
The Deloitte Center for Regulatory Strategy, Americas’ prepares a cross-industry series on the forthcoming year’s top regulatory trends, eyeing some of the issues that will have a significant impact on businesses. We excerpt liberally from the text…
New York has lost nearly 1.4 million residents to the rest of the country since 2010—and largely as a result of this outflow, the Empire State’s total population barely budged during the decade, according to the U.S. Census Bureau’s latest annual update of population estimates. Recent Census Bureau estimates show: • 180,649 more residents had […]
Recently the question came up whether it was possible to successfully start an agency from scratch. I believe the answer is it is possible just not highly probable. The chances of someone with no previous experience successfully creating a viable insurance agency from scratch are miniscule and fraught with many roadblocks and issues. Having some […]
There are several practices that get insurance industry employers into legal trouble when disciplining employees. In no particular order, they are: Not Treating Your “Similarly Situated” Employees Equally For the most part, the anti-discrimination laws require you to be consistent with raises, disciplinary action, application of your policies, and all other “terms and conditions” of […]
On January 4, 2020, the New York State Department of Financial Services, issued a “Cybersecurity Risk Alert” (“Cyber Alert”) to all DFS regulated entities. The Cyber Alert arose in response to media reports of a heightened risk of Iranian cyber attacks given rising tensions between the U.S. and Iran. In its Cyber Alert, DFS referred […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Most people try to take care to have regular health checkups. But when was the last time your clients had a checkup on their insurance coverage? Over time, needs change, and, more importantly, there may be penalties for being underinsured. Improper […]
The Insurance Brokers’ Association of the State of New York (IBANY) honored Rubin Alspector of Marsh and McLennan Agency, LLC as its Insurance Person of the Year at its annual Holiday Breakfast on Thursday, December 12 at the Down Town Association in New York City. Alspector was recognized for level of engagement within the industry, […]
Sari Gabay, Esq., of Gabay Bowler, received the Insurance Regulatory Lawyer of the Year Award. Gabay is a frequent columnist for this publication, contributing to the Legal Update series. The award was given by the Institute of Jewish Humanities, and the receipient’s longtime former colleague, John Gross of Proskauer, presented the award at an event […]
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