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.
$80-billion pandemic of insurance fraud Here are the headlines: Homeless New Yorkers are targeted in a $31.7 million slip-and-fall ring … A crime ring burns and floods dozens of homes. … A sober-home mogul trades sex for drugs. Meet the “winners” in the Insurance Fraud Hall of Shame, the nation’s most brazen convicted insurance scammers […]
I had to read it twice. Hard to believe it. See if you get it the first time. In a motion made by Park Insurance to have the NY State Supreme Court vacate its order placing Park into Liquidation, the initial text reads as follows: Respondent Park Insurance Company (“Respondent” or “Park”) respectfully submits this […]
Homie, a fast-growing full-service real estate technology company has announced the expansion of its affiliated company Homie Insurance to Southern Nevada, “saving homebuyers time and money in securing home insurance”. Point is, as they state in a press release, “Homie continues to reinvent the homebuying experience and now, its affiliate Homie Insurance has launched in […]
Had enough of them, yet? I mean Zoom meetings, conferences, artificial wine gatherings, coffee clatches, other people’s living rooms, the lingering suspicion that, below the nice shirt and tie, there are pajama pants under the desk, the incessant scheduling and pinging…and the invitations and the details? Well, I have, and necessary evil or not, I […]
With a touch of real sadness, we present the effects of COVID -19 in this issue in a set of articles that we believe will prove useful and interesting. The art and science of underwriting relies upon levels of predictability that often include an irrational “gut” sense on the part of the professionals assessing risk. […]
Asia Insurance Review and Middle East Insurance Review have joined a pre-eminent global risk and insurance media and publishing house, Beacon International Group, Ltd, a US-based enterprise that is expanding dramatically to serve risk management, risk transfer and risk financing leaders across the world, with a deep concentration in insurance, reinsurance, and all related fields […]
Commendably, New York Department of Financial Services Superintendent Linda A. Lacewell announced the New York State Department of Financial Services (DFS) has launched DFS FastForward, a new program to support innovators seeking to deliver new solutions in financial services, FinTech, InsurTech, and HealthTech for New Yorkers in the COVID-19 era. “As New York begins re-opening, […]
Whether or not a particular policy contains an explicit exclusion for pandemics or some similar condition, misses the point: there is no federal pandemic backstop, as there is for Terrorism. And, by the way, if you follow the early line from the White House, it may have been purposefully motivated, i.e. terroristic in nature.. This […]
U.S. Senate majority leader Mitch McConnell has called for stronger Federal measures to protect front-line health workers and business in general from what he said could become the “biggest trial lawyer bonanza in history”, as suits mount to pursue damages claims caused by the Covid-19 pandemic. During a time when opportunism (“never let a crisis […]
Seven senators have spurred their peers in an effort to convince President Trump to protect the insurance industry from proposals in state legislatures that would require insurance companies to cover small-business losses due to the coronavirus pandemic retroactively, using BI and WC formats extended for the purpose. At the same time, state lawmakers in New […]
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