275 Gather at New York’s Historic Union League Club to Honor Aon Leader and Former FIO Director Cecilia Norat recognized; IFNY interns applauded More than 250 insurance leaders joined in the Insurance Federation of New York’s (IFNY) 103nd Annual Award Luncheon honoring Gregory Case, President and CEO, Aon, as he received the Federation’s 2017 Free […]
Main Streets are Mean Streets, and Malls are Meandering with Lower Market Share These Days. Professional commercial realtors see expeditious planning and execution as key to avoiding blight and preserving property values. A June report from Credit Suisse estimates that between 20% and 25% of the nation’s shopping malls will close in the next five […]
OPIOID USE: Study Finds Prescription Use Among Injured Workers Decreased, Yet… As states implement reforms to address issues related to overuse and misuse of opioids, a new study released by the Workers Compensation Research Institute (WCRI) observed decreases in the frequency and amount of opioids dispensed to injured workers in a majority of study states. […]
Cyber Risk, Insurance Fraud, and Honors Mark Annual Gathering The City of Good Neighbors, better known as Buffalo, was the perfect backdrop for the New York Insurance Association (NYIA) Annual Conference—People. Purpose. Passion. Buffalo is a dynamic city that has experienced a bit of a renaissance with a bustling downtown and vibrant waterfront area. In […]
Aspirin, Antibiotics, Surgery or Real Prevention and Cyber Health? By: Stephen M. Soble and Jack Dufrene ********************* The risks are ponderous, the exposures beyond most calculation, and the responsibility unrelenting. With the advent of Cyber compliance regs, the insurance industry faces baseline standards and a host of off-the-shelf solutions to deal with the pain, but […]
When poet William Butler Yeats wrote these words, he was not thinking of insurance underwriting standards for sure. But his line does apply to the essence of the stability and viability of insuring, especially in the face of increasingly intrusive concepts from governments turned activists and activists who’d love to be the government. A proposal […]
State Regulatory System Defended by PCI as House Hears Viewpoints The insurance industry again has its periodic task at hand, i.e., the defense of state regulation. The House seems to be getting the point, having just held a hearing entitled “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs,” which itself […]
GLENMONT, N.Y.—The Professional Insurance Agents of New York State Inc. will present Barry B. Goldstein, chairman and CEO of Kingstone Insurance, with its Executive of the Year award at the annual Long Island Regional Awareness Program, April 26, at the Crest Hollow Country Club in Woodbury, N.Y. The award recognizes an individual from an insurance […]
(Reprinted with permission) A McKinsey Report on the Effects Preface There is a lot of noise out there. Insurance CEOs constantly hear about digital marketing, digital distribution, digital IT architecture, and digital attackers, as well as digital technologies such as telematics, automation, and machine learning, to name but a few hot topics. What is harder […]
When a corporation doing business across many states runs into significant financial difficulty, it has two principal courses of action available under the US bankruptcy laws: reorganize or be liquidated. In either case, the Bankruptcy Court oversees the process with all affected parties being represented. Management itself may seek reorganization, but any plan has to […]
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