An exemplary public servant, gentleman and friend Many in the insurance industry have communicated great sadness together with enduring admiration for former New York State Superintendent of Insurance, Albert Lewis, who died on August 7th at 95 years of age. The cause was complications from Alzheimer’s disease. Insurance regulation was itself improved by Al Lewis […]
Adrienne Harris has been nominated to lead the New York State Department of Financial Services as its next Superintendent by Governor Hochul. Formerly a top economic advisor to President Obama, Ms. Harris will become the state’s top financial regulator tasked with overseeing the banking and insurance industries and their compliance with state laws as New […]
The New York Insurance Scholarship Foundation, Inc. (NYISF) has named Diego Delgado from Minoa, N.Y. and Lily Fitzpatrick from Whitestone, N.Y. as the foundation’s 2021–2022 New York Insurance Scholars. Delgado is a junior at Le Moyne College majoring in risk management and insurance, finance, and information systems. Fitzpatrick is a senior at St. John’s University […]
Invest™, the insurance industry’s premier classroom-to-career education program, has appointed Juan Padron, partner at SafeGuard Insurance Agency in McAllen, Texas, as the new chair of the national Invest board. Padron has been part of the insurance industry since 2002. He has served on the Invest board since 2019 as an agent member and currently serves […]
TransUnion report reveals the personal lines insurance marketplace shows signs of returning to pre-pandemic levels Auto and property insurance shopping continued to diverge in Q2 2021 as factors such as low mortgage rates, pandemic-driven nesting and supply chain disruptions impacted these industries differently. TransUnion’s (NYSE: TRU) latest Personal Lines Insurance Shopping Report also found a resurgence in […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Electric bikes or e-bikes are becoming increasingly popular. Although at first glance they may look like a traditional bicycle, they have a battery-operated motor to assist the rider in travel. E-bikes are not all the same, and their usage varies. Use […]
By Paul Ford Life insurance ownership across the nation has dropped by 9% in the last decade.(1) As of 2018, it was estimated that 27% of non-elderly adults in the United States had at least one pre-existing condition that would disqualify them from getting life insurance—that’s 53.8 million people.(2) According to NerdWallet, the average minimum […]
Praedicat, the liability emerging risk analytics company, has launched a new Company Risk Score designed to vastly simplify the underwriting of complex emerging risks for liability insurance The Company Risk Score, available in Praedicat’s emerging risk software product CoMeta™, applies machine learning and artificial intelligence technologies to identify emerging risks in scientific literatures. Once new […]
A Decision Finding Theft Can Be a Taking of More than Money Costs National Union $22,114,883 Plus Interest Cargill, Inc.’s (Cargill) moved for judgment on the pleadings. Cargill seeks judgment in its favor as to the one disputed claim between the parties on the extent of theft coverage and as to the issue of prejudgment interest. […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor The pandemic has impacted the home buying process in numerous ways. Social distancing protocols and a super-hot home real estate market have created new challenges for residential buyers. Inspections have long been an important part of the home buying process, from both […]
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