The insurance industry is in no way immune from the reach of scrutiny by the government with respect to its immigration practices. Homeland Security has recently issued a press release stating: “Employers need to understand that the integrity of their employment records is just as important to the federal government as the integrity of their […]
Recently, at the New York Athletic Club in New York City, Tim Derham and his professional team launched a new resource for the auto insuring market and it has begun to take off quickly. Derham, President of Inter Insurance Agency, Ltd., along with Paula Frendel, Executive Director, and Fred Donnelly, President of the New York […]
by Marilyn M. Singleton, M.D., J.D. The days of trusting your legislators to have your best interests at heart are in the rear view mirror. Apparently, their main interest is parroting the buzzwords of the moment to get elected and then being too busy banking lobbying money to listen to the voters. Our legislators have […]
As appeared in Anderson Kill Policyholder – July 2018 by Robert D. Chesler On June 27, the New Jersey Supreme Court rejected an insurance industry bid to burden policyholders with a portion of their covered asbestos losses, ruling on an issue of utmost importance to companies facing environmental, asbestos or other claims where the injury […]
Being a producer has changed dramatically and I believe for the good. In years past when competition was limited the preferred method for getting clients was cold calling, either by phone or in person. The key was to find out when the prospect’s policy renewed and getting some agreement to review their protection for issues […]
Private U.S. property/casualty insurers saw their net income after taxes more than double to $17.1 billion in first-quarter 2018 from $7.9 billion in first-quarter 2017, helped by lower catastrophe losses and increased reserve releases, according to ISO, a Verisk (Nasdaq: VRSK) business, and the Property Casualty Insurers Association of America (PCI). Losses and loss adjustment […]
ALBANY, N.Y.—The New York Insurance Scholarship Foundation, Inc. (NYISF) awarded its 2018–2019 scholarship to Jennifer Mora-Amaya, a junior at St. John’s University studying actuarial science from Paterson, N.J. “The New York Insurance Scholarship Foundation is pleased to recognize a student as passionate as Jennifer,” Ellen Melchionni, president of NYISF said. “Her untiring drive to succeed […]
Oak Street Funding and First Franchise Capital, First Financial Bank Companies, have launched six enhanced proprietary websites. “These sites are not only more visually appealing but they also deliver on the companies’ value proposition by providing information to clients that will help them to evolve their businesses”, the Companies argue. “We have seen strong growth […]
AFL Insurance Brokers (AFL) and OnRisk, the US-based insurtech startup, have formed a strategic partnership to advance new technology for structuring and placing high value property & casualty (P&C) risk. Under the partnership, AFL Insurance Brokers will become an early adopter of the OnRisk structuring platform, which delivers a CAD-style, graphical software toolset enabling risk […]
Matter of Global Liberty Ins. Co. v ISurply, LLC Edited by Lawrence N. Rogak A No-Fault arbitrator ruled that this auto insurer, Global Liberty, must reimburse a medical provider for rental of a CPM and a Cold Therapy Unit at the monthly rental charge to the general public. The Master Arbitrator affirmed. Global Liberty moved […]
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