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, […]
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 […]
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 […]
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 […]
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 […]
“I thank Governor Hochul for my nomination. I thank the New York Senate for their confidence and support in my confirmation to serve the great people of New York.
“I am honored to serve as the Superintendent of the Department of Financial Services. As the first African American woman to lead DFS, I am personally committed to working with all stakeholders to build a robust, fair and sustainable financial system, creating a better economic future for all New Yorkers.” –Adrienne Harris
Insurance Advocate and its readers welcome Adrienne Harris to the post of New York Superintendent of Financial Services. Ms. Harris, whose years might imply otherwise, is rather a seasoned executive with experience in Washington and elsewhere in and around government. We trust that her experience t will translate well into the role of NY DFS’s […]
Katherine M. Papa has been recently elected to the Board of the National Association of Public Insurance Adjusters (NAPIA), which is in its 70th year. NAPIA is comprised of licensed Public Adjusting firms, from across the nation, who are dedicated to promoting the education, certification, ethics, legal and legislative representation, and promotion of the public […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor One result of the COVID-19 pandemic was a marked increase in the popularity of recreational vehicles (RVs). Especially in the early days, limited availability of public restroom and restaurant facilities, restrictions on airline flights, and a reluctance to go to hotels made […]
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