Insurers, first responders and supply chain logistics operators can now analyze the impact of severe weather more effectively with Verisk’s newly enhanced web-based weather analytics data solution. Verisk (Nasdaq: VRSK) is a leading global data analytics provider. Verisk’s Respond® mapping and analytics platform, Respond MAP™, enables users to combine valuable weather data with locations of […]
Besides the glitches in global supply chains, the post-pandemic world has been facing a surge in energy prices following the resumption of economic activities. Such a situation has been compounded by the geopolitical scenarios triggered by the war between Russia and Ukraine, which is fuelling inflationary pressure worldwide. Moody’s has produced an analysis detailing how […]
Just after Elon Musk bought Twitter, promising more freedom, the Biden administration announces a new government agency to “protect” Americans and the world from harmful disinformation, especially about the COVID pandemic. It is called the Disinformation Governance Board, although some would call it the Minitrue, short for Ministry of Truth, the ministry of propaganda in […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor The pandemic changed how people think about hosting and attending events. Many were cancelled. Some, such as weddings, were downsized or postponed. Others were impacted by government regulations. In such situations, special event coverage, in addition to a standard homeowners or […]
U.S. life insurers saw their yearly direct life insurance premiums surpass $200 billion for the first time in history in 2021, according to an S&P Global Market Intelligence analysis of annual statutory statements. U.S. life insurers saw their yearly direct life insurance premiums surpass $200 billion for the first time in history in 2021, according […]
Cambridge Mutual Fire Insurance Company (Cambridge) sued seeking a declaratory judgment that it did not owe Defendants Terry Gaca and Janet Waymen (collectively, “Defendants”) a duty to defend an underlying lawsuit under the terms of their insurance policy. Thomas J. Frederick sued in Illinois state court, alleging Defendants maintained a boarding house and a parking […]
The law of unintended consequences is not statutory. No state or federal government has enacted it into law. No executive has signed the law. It is, rather, a law of the nature of people. It is an adage or idiomatic warning that an intervention in a complex system always creates unanticipated and often undesirable outcomes. […]
Mary Lanning Public Service Award to William H. Frazier
Hundreds applaud honorees and hear new head of DFS Hon. Adrienne A. Harris
Nearly 300 insurance leaders convened at New York’s Union League Club on March 31st for the 107-year-old Insurance Federation of New York’s Annual Free Enterprise Award luncheon, considered by many to be the industry’s top award. This year’s honoree was Steve Menzies, Chairman of Applied Underwriters, who joins a long line of top US business leaders in receiving the accord. The very first annual Mary Lanning Public Service Award was given to 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, was interviewed during the program in a “fireside chat” format whereupon she viewed the DFS’s strengths and her own progress as a professional, among other topics.
Remarks by Steve Menzies at the Insurance Federation of New York Awards “I am deeply honored by this award, as its pedigree is exceptional. IFNY has cited leaders in insurance, banking, and finance, and then, has often gone, beyond the confines of these sectors into many fields of endeavor to find the exponents of free […]
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