Around the Nation, Most Major Auto Insurers Penalize Renters Despite Perfect Driving Records; Consumer Group Calls for Changes Washington, D.C. – Major auto insurance companies charge good drivers as much as 47 percent more for basic liability auto insurance if they don’t own their home, according to a new analysis of premiums by the nonprofit […]
By Nick Dussuyer, Global Head of Natural Resources Industry, Willis Towers Watson Reprinted with the permission of Willis Towers Watson – http://www.willis.com/Documents/Publications/Industries/Energy/Taking_Cover_whitepaper.pdf Today’s energy companies face higher risks than ever, and many of today’s insurers have more capacity than ever and a hunger for new business. So why do so many energy companies still find it […]
A look at who will be who in the insurance business over the years ahead Applied Systems and InVEST Release First-of-Its-Kind Report on Generation Z’s Expectations of the Insurance Industry University Park, Ill. – Applied Systems and InVEST today released a first-of-its-kind report that provides insight into Generation Z’s (Gen Z) view of the insurance […]
Courtroom Drama as Judge Calls IME Doctor a “Liar,” Sanctions Attorneys, Threatens Criminal Prosecution Appellate Court Clears Doctor Bermejo v New York City Health & Hosps. Corp. 2015 NY Slip Op 08374 Decided on November 18, 2015 Appellate Division, Second Department At a personal injury trial, it came out during the cross-examination of the IME […]
More than 300 insurance leaders joined in the Insurance Federation of New York’s (IFNY) 101st Annual Free Enterprise Award Luncheon to honor Donald Kramer, Chairman, CEO and Chairman of Investment Committee, ILS Capital Management, Ltd. (Bermuda), as he received the Federation’s 2015 Free Enterprise Award. IFNY President Nick Pearson presented the Federation’s top honor to […]
The Wall Street Journal has – wittingly or unwittingly – underscored the conundrum that is NY’s Department of Financial Services. Its October 26 article headed “New York Bank Regulators Exit After Clash With Governor Cuomo’s Office,” reporting on the resignation of the Department’s acting superintendent, makes no reference at all to insurance. The October 30 […]
The Insurance Advocate is proud to name Dr. Pamela J. Newman, President and CEO of The Newman Team at Aon Corporation, our 2015 Person of the Year. Dr. Newman has been a leading presence in the industry for years, as she has consistently proven that superior client service can make all the difference…and does.
It is the rare insurance executive who would argue that innovation will drive a company’s competitive advantage and growth, yet most labor to spark innovation within their organizations. A new KPMG International report states that 48% say they are already being disrupted by new, more nimble, competitors. Based on a survey of 280 insurance executives […]
By Toby Unwin and Guy Kurlandski All lawyers are not created equal. Some are quite simply better, whether by knowledge, skill in advocacy, connections or case management. Whom you choose is often a matter of little more than luck. The public has for centuries chosen litigators by perceived ability, or peer recognition. Sadly this often […]
By Wesley Yin LTSS includes institutional care, community- based assistance, and homebased assistance with daily living activities. Elderly households’ LTSS expenses in the event of cognitive or physical impairment present the largest source of out-of-pocket spending risk. The average 65-year-old couple can expect to spend $65,000 on LTSS, and five percent of elderly couples can […]
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