There is an old English proverb that says: “You don’t know where you’re going until you know where you’ve been.” On the afternoon of December 31, 2021, New York Governor Hochul signed into law New York Senate Bill “7052.” Called the “Comprehensive Insurance Disclosure Act,” (“CIDA”), it amends the rules that apply to civil litigation […]
Diminution in Value of Stock of Jeweler is a Direct Physical Loss Personal Property Not Damaged is Fraud Before the court was a Motion for Partial Summary Judgment filed by defendant Great American Insurance Company of New York (“Great American”) seeking dismissal of plaintiff’s claims of insurance coverage for consequential loss. In Nederland Jewelers LLC v. […]
Scores of workers are quitting and governments are scrambling to adapt By Liz Farmer The summer of 2021 brought on the Great Resignation with scores of Americans quitting their jobs—including in local government. Driven by COVID-fatigue, a desire for better pay, and employee retirements, more people have left state and local government in the last […]
Leodis Sledge appealed the trial court’s grant of summary judgment to the City of Pine Bluff, Arkansas, et al on his claims of negligence that he asserted were the proximate cause of Leach’s death on April 16, 2020. FACTS On April 12, 2020, a large line of severe thunderstorms containing straight-line winds and tornadoes passed […]
IFNY ELECTS HOWARD MILLS TO SUCCEED NICK PEARSON, ADDS JEFFREY SILVER, K.J. SINGH TO OFFICERS
LICONY ELECTS MIKE ZARCONE TO TOP POST
AND….MICHAEL CHANG IS IBANY PERSON OF THE YEAR
Napoleon Bonaparte once said that to know a man you must understand the world he lived in a twenty years of age. In Eisenhower’s America and on and off since, work was ennobling, even if it was not glorious. There’s the story of a CEO visiting the Circus, passing the elephant’s cages only to come […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Catalytic converters are a prime target of thieves. According to the National Insurance Crime Bureau (NICB), more than 1200 catalytic converters per month were stolen in the United States during 2020. Thefts increased almost 300% in the period from July 2020 to […]
Making a Claim for Loss to Personal Property Not Damaged is Fraud To successfully commit arson-for-profit the perpetrator needs a modicum of intelligence and some knowledge of insurance. When the perpetrator is incompetent, makes claim for property removed from the subject of the insurance before setting it afire, he or she will be caught and […]
As it has annually for nearly two decades, NCCI recently surveyed more than 100 workers compensation insurance executives to hear what topics are top of mind for the industry. The results are not surprising, but the list of top concerns contains a multitude of interconnected complexities, particularly as it relates to the topics of: Rate […]
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