By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE, CLP-A – Senior Vice President A home is a major investment, and every precaution should be taken to protect it. As cold weather approaches it is a good time for agents to partner with their insureds to reduce the risk of loss. Helping clients understand and […]
Ambiguous Policy Language Forces Insurer to Pay Losses It Did not Intend to Cover INSURER HOIST ON ITS OWN PETARD Insurers often complain that their insureds do not read the insurance policy and compel them to fulfill all policy terms or receive nothing. In my experience almost no one reads an insurance policy until there […]
When convicted of murder in the first degree and conspiracy to commit murder for life insurance money, the defendants require a great deal of chutzpah (unmitigated gall) to file multiple appeals to reduce or eliminate the life without parole sentences. In the latest effort, The People v. Leny Peterson Galafate, F081563, California Court of Appeals, […]
IBANY Awards Michael Chang 2021 Insurance Person of the Year IBANY held a Virtual Fireside Chat midwinter. Hosted by association president Renée McFadden and featured speaker Michael Price, CEO of AIG, North America General Insurance. Announced live during the event was the award of Michael Chang as IBANY’s 2021 Insurance Person of the Year. Meet […]
Here we go again, same evil, same demons: trojan horses, bots & botnets, spyware, worms, scams, and phishing. Then there’s ransomware, a set of malware programs that hackers install on your network that blocks access to data or publicizes confidential data unless a ransom is paid, has become big business. Not even our critical infrastructure […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Weather impacts every homeowner and business owner and therefore their insurer. Insurance companies are in business to pay claims but also to make money for their members and/or stockholders. Insurers use a variety of methods to address weather, including policy conditions, underwriting […]
RICO Action Against Medical Providers Raises Discovery Difficulties Insurance companies who claim to be the victims of health care providers operating in a no fault auto insurance state like Florida. In Government Employees Insurance Co., et al. v. Mark A. Cereceda, et al., CASE NO. 19-22206-CIV-ALTONAGA/GOODMAN, United States District Court Southern District of Florida Miami […]
Had enough of them, yet? I mean Zoom meetings, conferences, artificial wine gatherings, coffee clatches, other people’s living rooms, the lingering suspicion that, below the nice shirt and tie, there are pajama pants under the desk, the incessant scheduling and pinging…and the invitations and the details? Well, I have, and necessary evil or not, I […]
WE begin this issue with an old plea: to NYS Legislators: please do not do away with the PIRP programs as they now exist. Current law mandates that these courses may only be taken in-person in the classroom and that an applicant must provide proof of satisfactory completion of this course before a driver’s license […]
In the Matter of the Arbitration between: Kazu Acupucture, PC and Metropolitan Property and Casualty Insurance Company This New York PIP arbitration was dismissed without prejudice because the arbitrator found that the claimant was a New Jersey resident with a New Jersey insurance policy, and therefore the claim was governed by New Jersey law. —LNR The claim for […]
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