By F. Joseph Wertz This past year, New York State extended the pilot of the Internet Points Insurance Reduction Program (IPIRP) despite major questions regarding the studies supporting its effectiveness. There has been no conclusive proof that the I-PIRP actually improves driver safety and reduces the risk of accidents, yet the I-PIRP pilot program has […]
Thousands of agents and insurance industry professionals turned out to see the new and exciting developments to the PIANJ/PIANY Joint Annual Conference at Bally’s Park Place in Atlantic City, N.J. June 7-9. The event included a sold-out trade show; jam-packed education from which agents and their staff could obtain valuable information; sensational networking opportunities, and […]
The New York Insurance Association (NYIA) Annual Conference attracted more than 240 insurance industry executives to Saratoga Springs, New York May 27–29. Those in attendance made it known that they were ready to fulfill the theme of this year’s event, Saddle Up for Success, in the spirit of Saratoga’s rich horse racing culture. NYIA prides […]
In the wake of some of the largest data breaches to hit health insurance companies, the National Association of Insurance Commissioners has followed on the heels of the Securities and Exchange Commission and has issued “Guidance” on cyber security. In April, the Cybersecurity (EX) Task Force of the National Association of Insurance Commissioners (NAIC) adopted […]
The National Association of Insurance and Financial Advisors–New York State (NAIFA–NYS) has launched an all-out attack on an initiative introduced in the leg- islature that would institute what it sees as unreasonable requirements upon providers of Financial counsel. NAIFA which represents the interests of tens of thousands of agents, their associates, and their clients who […]
The insurance industry in general has often been accused of lagging when it comes to adopting and leveraging the latest technologies, but that doesn’t mean the industry is standing still, particularly insurance carriers. And sometimes, carriers’ use of technology has come at the expense of insurance agents. In recent decades, insurers have used the Internet […]
The results of the 2015 Life Insurance Barometer — the fifth annual measure of consumer trends and perceptions regarding life insurance, retire- ment and their financial well-being conducted by the non-profit Life Happens and LIMRA – found that while the majority of Americans know they need life insurance, a lack of aware- ness about the […]
Drivers, Local Authorities Deal with Tough Winter’s Potholes Trusted Choice® survey shows about 50% of U.S. car owners report vehicle pothole damage. “The snow, ice and freezing rain during the rough winter months left their mark on the country’s roads. Severe potholes have led to accidents which may impact insurance rates, as premiums are determined […]
Award bestowed by the New York Alliance Against Insurance Fraud NEW YORK, N.Y. — Cited for an aggressive campaign to counter auto and healthcare insurance fraud scams, the Office of Attorney General in New York was honored with the “Prosecutor of the Year” award by the New York Alliance Against Insurance Fraud. The award was […]
The Life Insurance Council of New York, Inc. (LICONY), celebrated its 47th Anniversary on Thursday, February 5, 2015, with a reception at the Mutual of America headquarters building on Park Avenue, NYC. The Anniversary Celebration Reception was attended by over 150 guests from life insurance companies, legal, accounting, actuarial, and other professional services firms, as […]
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