The DFS investigation revealed that the premiums charged to homeowners for force-placed insurance can be two to ten times higher than premiums for voluntary insurance — despite the fact that force-placed insurance provides far less protection for homeowners than voluntary insurance. “The force placed insurance industry has for too long been plagued by an intricate […]
Allen Roberts on Top 5 Issues Facing Businesses Allen Roberts, member of the law firm Epstein, Becker and its former managing partner, provides the Insurance Advocate’s readers with a rundown of five topics which will impact employers in 2013 and beyond. In the article that follows, Allen offers an alternative, even contrarian view of each […]
On February 7, 2013, almost one hundred fifty life insurance executives, regulators and legislators gathered at the Mutual of America Headquarters in New York City to celebrate the 45th Anniversary of the Life Insurance Council of New York (LICONY). Welcoming and substantive legislative and regulatory remarks were provided at the event by New York State […]
Even though the courts have once again come to the rescue of the Bureau, the ELNY fiasco fully exposed the Bureau for its decades-long covert mismanagement of insolvent insurance companies. The New York Superintendent of Financial Services and the New York Liquidation Bureau have experienced two major victories in the past few weeks. First, they […]
By Betty Flood Morrow and Katlin Nash Albany, N.Y.—In a much needed change to workers’ compensation, Governor Andrew M. Cuomo recommended in his State of the State his plan to introduce legislation that will continue to reduce the cost and improve the administration of workers’ compensation for New York’s business and workers. Governor Cuomo’s proposals […]
By: Art Shea In case you have wondered whatever became of Ralph Milo, long a popular industry figure as the Chairman and CEO of Clarendon, the four hundred million dollar insurance group sold to Hannover Re in 1999, you will find him these days at Ocean Harbor Insurance Group, which he now chairs with the […]
The Insurance Industry Charitable Foundation (IICF) Northeast division made its largest-ever distribution of charitable grants at its sixth annual benefit dinner on Wednesday December 12, 2012. The total amount of awarded grants is $960,000. David Brinkman, chair of the IICF Northeast division board and executive managing director of Aon Benfield, reported that the division has […]
The Patton Boggs law firm is a national leader in public policy and related areas. We present their thinking on what faces us as citizens and business leaders. S.A. To put matters in perspective: Unless current law is amended, all of the Bush tax cuts will expire at the end of the year, as will […]
The Insurance Federation of New York, Inc. (IFNY) bravely held its 98th Annual Free Enterprise Award Luncheon on November 9th, drawing a crowd of 350 insurance leaders to New York’s Cipriani Wall Street. It was the first affair held after Hurricane Sandy at the venue and, according to the Guest of Honor, Mr. Robert Benmosche, […]
Physicians’ Reciprocal Insurers (PRI) marked its 30th Anniversary on Thursday, September 27, 2012, during a gala event held at the de Seversky Mansion on Long Island’s north shore. More than 100 guests were in attendance to celebrate the benchmark anniversary of the physician centered insurer, founded by medical doctors for the insuring of their colleagues […]
A Beacon International Group, Ltd. Member
