April 26
Reg 187: Big “I” Victorious In Key Legal Battle
Court sides with BIG “I” in Win for Agents and Brokers
Onerous and Confusing Regulation 187’s Controversial “Best Interest” Standard Called “Unconstitutionally Vague”
The New York Supreme Court handed a big win to the BIG “I” and to agents and brokers in the state as it reversed a 2019 ruling that the DFS was within its authority when it issued Regulation 187. Regulation 187, went into effect on August 1, 2019.
Seven Minute Meeting: Liberty Mutual Targeted to Stop Insuring Fossil Fuel Expansion and Respect Indigenous Rights
This press release hit our desk and sent us into Zillow New Zealand. The politicization of everything now by passes shareholders and policyholders. It is the work of a pressure group that seems established to bring Liberty Mutual into the fold of the “woke”. We present it exactly as received for the edification of industry […]
Promotions Announced at MSO
MSO, Inc. (The Mutual Service Office, Inc.), is pleased to announce the promotion of two longtime employees to Vice President: Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE and Laura “Pepper” Treuvey, AU. Both are licensed property casualty producers. In addition, Mary Beegle has been promoted to Senior Product Development Analyst. Ms. Treuvey joined MSO […]
Applied Underwriters Receives UK OK
Mr. Steve Menzies, Chairman, Applied Underwriters, announced that the Company has received definitive regulatory approval from the Financial Conduct Authority (FCA), the United Kingdom’s governing body for insurance, banking and investment transactions, for the completion of Applied’s acquisition of Concept Special Risks (CSR), effective April 12, 2021. The acquisition, announced in February, will enable the […]
Matthew Hudnall Joins Preferred Mutual as Senior Vice President, Underwriting
Matthew (Matt) Hudnall has joined Preferred Mutual Insurance Company (“Preferred Mutual”) as Senior Vice President, Underwriting. Hudnall will be responsible for providing leadership and strategic vision to the underwriting function, to product development initiatives, as well as agency partnership development. Hudnall brings to Preferred Mutual over 20 years of underwriting service experience, and operational and […]
How Do I Optimize My Instagram Business Profile For Better SEO?
by Sarah Smith Instagram has become the major revenue generator for the B2C business. People are checking the Instagram pages of brands to gain knowledge before making a purchase. Thus, the way you present yourself on Instagram will play a significant role in building your brand image. So, optimizing your Instagram business page according to […]
New High, New Low
Insurance and Cannabis Meet in the Middle More and more states across the country are opening up to the idea of allowing cannabis-related businesses to operate, and with business comes risk, and with risk comes insurance. But insuring cannabis-based businesses introduces some tricky areas to navigate, especially as this market is quickly evolving. Getting the […]
The Biden Administration’s Health Insurance Priorities
by Patrick McGovern The Biden Administration wasted no time in implementing some of the new President’s campaign promises relating to health insurance and the Affordable Care Act (“ACA”). First, on February 10 the Department of Justice filed a letter with the Supreme Court reversing the position it took under the Trump Administration asking the Court […]
There Can Never be a Fraud Too Small to Void a Policy
Material Misrepresentation Concerning the Extent of Loss Voids Policy After the district court ruled for the defendant insurance company on cross-motions for summary judgment, ending the action, the plaintiff appealed that summary-judgment ruling. In Meat Town Inc. v. Sentinel Insurance Company, Case No. 19-2351, United States Court of Appeals for The Sixth Circuit (March 30, […]
