Our publisher Steve Acunto writes his editorial Foreword on page 4 of each issue and gives the industry one of its best read, often quoted columns.
Edward Harper of Statewide Underwriting Services has been elected chair of the New York Insurance Association (NYIA) and began serving a one-year term on Jan. 1, 2024. He has served on NYIA’s Board of Directors since 2018. “Eddie is a tenacious leader who never shies away from a challenge,” Ellen Melchionni, president of NYIA said. […]
In honor of Daniel F. Maher’s 26+ years of leadership, the Board of ELANY has renamed its state-of-the-art conference center the Daniel F. Maher Conference Center. Dan’s dedication and passion to the needs of Excess Line members have helped the industry serve its clients faster and more efficiently for over a quarter century. ELANY is […]
The American Council of Life Insurers (ACLI)has elected its new Chair, officers and Board of Directors during the 2023 ACLI Annual Conference. Their agenda is significant. Paul A. Quaranto, Jr., Chairman, CEO & President of Boston Mutual Life Insurance Company, was named ACLI Chair for 2024. He succeeds Andy Sullivan, Executive Vice President, Head of […]
The American Council of Life Insurers (ACLI)has elected its new Chair, officers and Board of Directors during the 2023 ACLI Annual Conference. Their agenda is significant. Paul A. Quaranto, Jr., Chairman, CEO & President of Boston Mutual Life Insurance Company, was named ACLI Chair for 2024. He succeeds Andy Sullivan, Executive Vice President, Head of […]
As in everything in today’s contentious culture and media mayhem, health care costs have come under scrutiny. The NY DFS has issued a statement and it has been countered by the Empire Center. Here we give the Center’s reply / opinion about the DFS press release. The release is also produced in toto as submitted. […]
Alpine Securities Corporation v. Financial Industry Regulatory Authority, United States of America The Financial Industry Regulatory Authority (FINRA) investigates, prosecutes, and punishes hundreds of securities firms and brokers every year for alleged violations of federal securities laws and rules, despite operating outside the government and without answering to the President. In early September, the New […]
This month I have invited a friend and colleague to submit an article about a sensational idea he is steering in New York. While it may appear in financial and other NY publications, we have it exclusively in Insurance Advocate. Enjoy the balance of Summer, SA New York’s economic recovery hinges on innovative solutions […]
Congratuations to Verisk. Insurers now have a new weapon in the battle against claims fraud: image forensics. Verisk, the familiar global data analytics and technology provider, is expanding its anti-fraud claims solution with artificial intelligence that will enable insurers to identify potential fraud in claims photos with lightning speed and laser precision. Drawing on millions […]
Americans widely agreed that cigarettes are unsafe (84%) and addictive (87%), and yet a fifth (21%) report smoking every day! The vast majority of people believe alcohol, opioids, and vapes are addictive, and about two-thirds said alcohol and opioids are unsafe in a recent survey , while more than three- fourths said vaping is unsafe. […]
For anyone interested in the Insurance Agency business in the 80’s and 90’s the name George Nordhaus, marketing pioneer and great advocate of independent agents, will join us in mourning his passing at age 90 on April 24th. We were privileged to have “partnered” with George in the production of his agency newsletter directed at […]
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