The use of golf carts continues to grow. Worldwide, in 2022, the golf cart market surpassed $1.5 billion and is expected to grow 6% per year, reaching $2.55 billion by 2028. Golf carts are found in more and more places – from airports to hotels, resorts, theme parks, and residential communities – not just golf […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor More and more baby boomers are reaching retirement age. At the same time, the coronavirus pandemic may have put a wrench in their investments and income stream. For some, a reverse mortgage can be an attractive option, as they may have […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Directors’ and Officers’ coverage should be included in the insurance portfolio for most businesses. The coverage is sometimes overlooked for nonprofits. The nonprofit sector has undergone increased scrutiny in recent years, in part due to their favored tax status and for […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Every day more than 130 people in the United States die from drug overdoses (www.drugabuse.gov). The opioid abuse problem is not limited to the abuser and their family. Opioid abuse impacts all of us, with estimated costs to the United States […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Any client who does business with the public, especially online, is exposed to various types of fraud. It is interesting to note that not all fraud is planned or intended. No matter the type of fraud, it has a significant impact […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor The green building industry is changing the footprint of the construction trades. Green buildings are less costly to operate, saving money for individual building owners as well as taxpayers. Added advantages of green buildings are that they are designed to be […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Children are our most important resource. They are also our most vulnerable citizens, needing and deserving the best care possible. When parents work, quality, affordable child care is extremely important. Day care is a growing industry. Insuring day care centers requires […]
There is an old saying that you cannot change the weather. However, the insurance industry can and does change how it responds to weather-related events. These responses include modifications of policy conditions, such as exclusions and special deductibles, and use of new technology including drones, storm tracking and measurement tools. In addition to deductibles and […]
STANDARD INSURANCE POLICIES exclude coverage for underground property including pipes and other service lines, such as utility, phone and internet wiring. However, the homeowner may be surprised to learn that damage to these lines is their responsibility. The cost to dig up and repair service lines can be significant – in some cases $15,000 . […]
By Peter J. Molinaro, Esq., NAIFA-NYS General Counsel When most people think about government relations work, their first thought is of legislative advocacy. I believe that this is because issues surrounding the legislative process, more often than not, occupy the front page of newspapers or online news services, and the lead reports of television news. […]
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