June 2024
Deloitte 2024 Financial Services Industry Predictions
AI Expected to Transform Retail Investing, Increase Banking Fraud and Drive New Insurance Market – Plus, Climate Change Expected to Further Increase Insurance Costs for Commercial Real Estate
Bad Behavior
New York’s simple assault had over 57,000 incidents A new study has revealed New York’s most violent crimes, with simple assault accounting for 57,641 incidents. The research, conducted by personal injury lawyers DeMayo Law Office, used data from the Federal Bureau of Investigation to find which violent crimes were most prevalent in each state. The […]
North to Receive Top Business Insurance Award
Dave North, executive chairman of Sedgwick Claims Management Services Inc., will receive the 2024 Business Insurance Lifetime Achievement Award for outstanding accomplishments in the claims, insurance and risk management sector. He will accept the award during the Business Insurance U.S. Insurance Awards on July 18 in New York. Mr. North began his career in the […]
NAILBA, a Finseca Community, Announces New Underwriting Certification
NAILBA, a Finseca community, and the leading insurance industry organization that advocates for consumer choice in the insurance and financial services marketplace through independent brokerage distribution, has released a new professional certification for underwriting. Two years ago, Finseca successfully launched NAILBA Case Manager Certification, a program that yielded increased placement, innovation, and efficiency, and was […]
Spataro Honored by New York Insurance Association
The New York Insurance Association, Inc. (NYIA) honored Thomas Spataro with the 2024 Chair’s Distinguished Service Award. Spataro is senior vice president, mutual company specialty practice at Guy Carpenter. He was presented with the award at the association’s annual conference held at The Saratoga Hilton in Saratoga Springs, N.Y. “NYIA is honored to award the […]
ICYMI: The Dangers of Government Coercion Over Speech
By KRISTIN STOUT The recent unanimous U.S. Supreme Court decision in NRA v. Vullo has been seen a direct victory for free speech, and an indirect victory for the rule of law in insurance regulation. At Truth on the Market, the International Center for Law & Economics’ (ICLE) speech expert (Senior Scholar Ben Sperry) and […]
How the Insurance Industry Responds to Weather
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Senior Vice President Weather impacts every homeowner and business owner and therefore their insurers. Insurance companies are in business to pay claims, but also to make money for their stakeholders. Insurers use a variety of methods to address weather risks, including policy conditions, underwriting guidelines, […]
Appeal Dismissed Even With Fraud Allegation
Appeal Lost Due to Failure to Provide an Adequate Record In an action to recover damages for personal injuries, the defendant Myrtle 6, LLC, appealed from an order of the Supreme Court, Kings County (Lawrence S. Knipel, J.). The order, insofar as appealed from, denied those branches of the motion of the defendant Myrtle 6, […]
