2021
U.S. P/C Insurers See Solid Performance in First Half of 2021
By Neil Spector, President, ISO and Robert Gordon, Senior Vice President, Policy, Research and International, APCIA
COVID-19 has visibly impacted the underwriting results, especially for the second quarter of 2020, suppressing premiums and losses and prompting extraordinary policyholder dividends.
It ain’t over… ‘til someone says it is
That’s not much of a Yogi-ism, but it is true. The pandemic’s spread has been an anvil chorus of spikes that has nailed down every decision made about everything, non stop, for many months, but now, after all of this, who can declare that it is over when in fact it is over? Fauci? Biden? […]
Commoditizing Insurance – Quo Vadis?
by Joseph Petrelli Let’s define three terms. According to Investopedia, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of unique attributes or brand end up becoming simple commodities in the eyes of the market or consumers. When products and services are commoditized, the lower the […]
Online Shopping Tips and Hazards
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor The holidays are a time of increased spending and celebrating. The COVID-19 pandemic and improved technology have led to a sharp increase in online shopping. The digital world is not without risks, however. Alerting clients to possible scams and dangers of online […]
Court Finally Stopped an Unconscionable Level of Overlitigation
Criminal Caused Suit on Policy to Drag on for More than Six Years OVERLITIGATING HAS CONSEQUENCES AND SHOULD United States District Judge Gary R. Brown was faced with a legal dispute that, perhaps because the defendant was a criminal, went on for years without a final disposition. In Principal Life Insurance Company v. Jason P. […]
A Review Of Two Recent New York Court Decisions
by Howard S. Kronberg, Esq. We close out the year with an update on two recent New York insurance related court decisions that might have significant impact. One that affects you directly: a special relationship/proximate cause insurance agent E&O decision. The other indirectly, but important to your insureds, and thus to you: the interplay of […]
Supply Chain Problems Plague Construction Firms
Shortages lead to skyrocketing prices for wide range of building materials, adding to insured values across sector
by Matthew Lerner
Construction and building materials are in short supply and have seen double-digit price spikes since the COVID-19 pandemic took hold last year, driving up project and rebuilding costs and affecting companies ranging from contractors to insurers.
Fmr DFS Head, Maria Vullo Looks to AG Post
Maria Vullo, former superintendent of the New York Department of Financial Services, has been rumored and reported to have plans to enter next year’s race for state attorney general, not too surprising to those who know her and marvel at her strengths and determination. The AG’s job will be vacant starting in 2023 because the […]
