Which parts of the U.S. are most vulnerable to flood damage? To mark the start of flood season (June to Nov.), LawnStarter ranked 2024’s Counties Most at Risk for Flooding. Comparing 940 counties with a relatively moderate to very high flood risk according to FEMA, the company considered each county’s risk and expected annual loss […]
Taking Six Years to Sue Insurers is Time Barred The appellate courts of the state of New York are noted for their ability to resolve an appeal quickly and with brevity.The Supreme Court, the trial court, dismissed plaintiffs’ complaint against Allied World National Insurance Company as time-barred because plaintiffs commenced this action eight years after […]
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
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 […]
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, 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 […]
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 […]
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 […]
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, […]
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