With economies contracting and unemployment rising, credit risk has moved to the top of the risk management agenda, according to Deloitte’s biennial survey on the state of risk management in the financial services industry globally. Twenty percent of the chief risk officers at financial institutions surveyed identified it as the No. 1 risk they see […]
The fight between prominent plaintiffs’ attorney Thomas Girardi and a litigation funder that claims he and his firm haven’t paid back a $15 million loan has been routed to arbitration. However, a significant, potentially public fight remains over whether Mill Valley-based funder Law Finance Group LLC will be able to go after Girardi’s personal assets […]
Attorneys who defend foreclosure actions often employ a defense called “produce the note.” Because mortgage notes often change hands (i.e., are sold) between the time the mortgage is taken out and the time of foreclosure, the foreclosing bank sometimes doesn’t have the actual note — and this may defeat the foreclosure action. But New York’s […]
37,000 high income insurance clients of 150 high income agents Want “Fresh” when the Refresh Comes: Results of a survey by the Private Risk Management Association
$80-billion pandemic of insurance fraud Here are the headlines: Homeless New Yorkers are targeted in a $31.7 million slip-and-fall ring … A crime ring burns and floods dozens of homes. … A sober-home mogul trades sex for drugs. Meet the “winners” in the Insurance Fraud Hall of Shame, the nation’s most brazen convicted insurance scammers […]
Glen Rock, NJ/December 2020 – MSO, Inc. (The Mutual Service Office, Inc.), is pleased to announce their Vendor Partnership with Optima SIU. Established in 2002, Optima is a global company handling insurance fraud cases in the United States and Europe. In addition to fraud investigations, Optima offers a full range of fraud compliance services. Based […]
PIANY’s Certified Insurance Counselor and Certified Insurance Service Representative designation programs continue to be available online. These continuing-education credit-approved, nationally recognized designation programs take a practical, hands-on approach to learning. These designations are recognized nationwide as important credentials—ones that benefit individuals, their agencies, and their customers. To earn the CIC or CISR designation, participants must […]
The Hill, a prominent political newspaper, has once again named Bob Rusbuldt, Big “I” president & CEO, and Charles Symington, Big “I” senior vice president of external, industry and government affairs, among the top trade association lobbyists in Washington, D.C. this year. As in previous years, the Big “I” was the only insurance agent/broker group […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE As temperatures fall, the demand for and use of supplemental heating sources rises. Portable heaters are commonly used when the main heating system is inadequate, or when just an area of the building needs to be heated. During the COVID-19 pandemic, supplemental heaters became essential equipment […]
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