Agent Defrauds Insurer by Not Remitting Premium Collected Insurance agents, by contract with insurers they represent, must place all premium collected on behalf of the insurer and place the funds in a separate trust account. Depending on the terms of the contract the agent then deducts the agreed commission and remits the remainder to the […]
Sunrise Acupuncture, P.C. a/a/o Sharise Davis v Kemper Independence Ins. Co. Both named insureds under an auto policy died in June 2007. Raquel Davis was named as executor of the estate. In May 2008, Raquel’s daughter, Sharise, got into an accident while driving the insured vehicle and applied for no fault benefits, which were denied […]
PIANY’s HVRAP returns to Suffern; Event hones in on participation and communication Professional, independent insurance agents experienced déjà vu as they came back to Suffern at the Crowne Plaza for the Professional Insurance Agents of New York State, Inc.’s 15th Hudson Valley Regional Awareness Program on Oct. 24. Continuing-education courses; a sold-out trade show; and an […]
Bob Wallach, rumors have it, is in the process of reorganizing the Robert Plan 2.0 for a different market and under a different structure. The “wiz kid” as he was known told us to “watch and see”…and we will…just as we watched his legendary Dad, Bill Wallach, amaze and astound an entire industry.… Speaking of […]
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors today during the association’s annual meeting. Pete McPartland, chairman of the board, president, and CEO of Sentry Insurance Group was elected as PCI’s chair; Jim Brannen, CEO of FBL Financial Group was elected first vice chair, and Greg Crabb, […]
It is almost universal that mobile device habits bleed into work, particularly in the insurance industry which does not run on a 9:00 to 5:00 basis More and more, answering a quick email, text or phone call outside of the workplace by nonexempt employees has blurred the lines of what is and what is not […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor With the hustle and bustle of the holiday season, loss control and risk management may be relegated to the back burner for small business owners. However, this is exactly the time when such practices are most needed. Helping clients understand and […]
Neglect and Lack of Attention Deserve Most of the Blame by Jordan Smith, J.D., LLM Traditional, non-guaranteed universal life insurance (often described in the insurance industry as “Current Assumption UL”) has been subjected to rather brutal criticism over the last few years, most recently in a September 2018 Wall Street Journal article1 that blamed the […]
by Kristin S. Held, M.D. Deceptively, pollsters report that “Medicare For All” is popular with Americans, as the media proclaims healthcare a top concern on voters’ minds a mere two weeks before the midterm election. While many candidates are indeed running on a “Medicare For All” platform, few Americans realize that a Medicare for All […]
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