Feburary 14
IFNY Free Enterprise Award to Steve Menzies
The 107-year-old Insurance Federation of New York, Inc. will present its 2021 Free Enterprise Award to Steven M. Menzies, Chairman of Applied Underwriters, and its Mary Lanning Public Service Award to William Frazier, founder of American Veterans Group, Wall Street’s first public benefit corporation. Honored guest, New York’s new Superintendent of Insurance, Hon. Adrienne A. Harris, will participate in the program. The Annual event, postponed from November, 2021 owing to the uncertainties of the COVID pandemic, will be held March 31st at 12:00 noon at the Union League Club on Park Avenue at 37th Street in Manhattan.
As we go to Press…
Ukraine’s top government economic adviser Oleg Ustenko has issued a statement that Russian forces have so far destroyed at least $100 billion worth of infrastructure, buildings and other physical assets. Ustenko, chief economic adviser to Ukrainian President Volodymyr Zelenskiy, told an online conference on economics that the war has caused 50% of Ukrainian businesses to […]
The American College Of Financial Services Appoints New Officers, Members To Board Of Trustees
John Howard and Salene Hitchcock-Gear, JD, bring over 60 years of experience and service to The College King of Prussia, PAThe American College of Financial Services announced a pair of newly elected officers to its Board of Trustees, with John Howard selected as the Board’s new chair and Salene Hitchcock-Gear, JD, voted in as vice […]
Varney Insurance Opens New York Office and Appoints Patrick Yannotta as Senior Vice President
Varney, an insurance agency covering commercial and private clients, has announced the expansion of its US business into the New York property market with the opening of its real estate head office in Manhattan and the appointment of Patrick Yannotta as Senior Vice President in Commercial Real Estate. Varney is a family-owned real estate insurance […]
Don’t Let Frozen Pipes Dampen Your Day
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Winter cold and wind chill can lead to frozen pipes and water damage. These claims are fairly common and can be expensive. According to the Insurance Information Institute (III) each year water damage and freezing claims impact about one in 50 homeowners, […]
Actuaries: Some Estimates of Pandemic-Related Life Expectancy Changes Can Be Misleading
The American Academy of Actuaries has released a new public policy paper (reprinted below) and issue brief cautioning that clarification may be needed regarding estimated life expectancy showing significant decreases in light of the COVID-19 pandemic. “Reports of considerable decreases in life expectancy driven by COVID-19 may certainly garner attention, but they can potentially be […]
Help: My House is Falling Into the Sea
True Crime Story of Insurance Fraud Number 17 Career criminals are not the only people who perpetrate insurance fraud. The temptation has become so great that almost anyone who is given the opportunity, will try. Those who do not premeditate insurance fraud are called perpetrators of soft frauds. Most are small. Some are not. The […]
Go Directly to Jail, Do Not Pass Go
Chutzpah: Convicted of Insurance Fraud Appeals to Avoid Going to Jail Tarek Abou-Khatwa appealed his conviction of a complex, multi-year insurance fraud scheme. He previously asked the court to delay the start of his incarceration pending the outcome of that appeal. On January 31, 2022, the court denied his request, explaining that Defendant’s appeal did […]
How the Insurance Industry Can Solve our Nationwide Mold Problem
by Michael Rubino Most individuals are probably unaware of what insurance coverage they have for mold growth, and anything they do know is hazy at best. Unfortunately, by the time people start to consider what their mold coverage is, they’re facing a current colonization problem. It’s an unfortunate and generalized fact of modern-day life. While […]
