by Anthony D. Dodge Last September, a drunk driver in Syracuse collided with a sedan carrying a 49 year-old man and his adult stepson. The father died at the scene; the son died a few hours later. The drunk driver carried Bodily Injury (BI) Liability insurance coverage with the state minimum limits of $50,000 for […]
“Future of Marketing” to be the subject of inductee presentations at May 17, 2018 induction ceremony at offices of R/GA in New York. The American Marketing Association New York announced that Esther Lee, executive vice president, global chief marketing officer, MetLife, Inc., is one of three business leaders responsible for outstanding contributions to the field of […]
By Robert Walker Lewis, Esq., Keidel, Weldon & Cunningham, LLP through Big I New York and IAAC, Inc. Many independent insurance agencies and brokerages rely upon customer service representatives (CSRs) and other unlicensed employees to assist in their day-to-day operations. As a result, our clients will often ask us what tasks their unlicensed CSRs may […]
By David E. Richman and Ada Kozicz Governor Andrew Cuomo has signed a new law, known as “Lavern’s Law,” that extends the amount of time a patient has to file a medical malpractice claim for a missed cancer or malignant tumor diagnosis. Patients now have 2 1/2 years to file a claim from the date the misdiagnosis […]
By Giuliano Altamura, Financial Services Business Unit Manager, Fincons Group It is becoming increasingly evident that the insurance industry has fallen behind when it comes to adoption of digital services. This fact is widely recognised by most executives in the insurance ecosystem, with out-of-date front-end interfaces and inflexible back-end and legacy systems already having a […]
By Adam Stern Underwriting insurance is tough enough; most agencies would prefer not to wade into the fog of IT, especially given just how obtuse the tech world has become. For those insurance brokers making the shift from an in-house solution to the cloud, getting the language right is Job #1. Familiarizing yourself with some […]
By Finley T. Harckham Every day, class actions are commenced on behalf of consumers against manufacturers, retailers, financial institutions, and service providers. Some companies assume that such cases are not covered by their insurance because class actions must be crafted to address issues common to all of the plaintiffs, and therefore tend not to seek […]
Millennials are a stressed out generation. A study by the American Psychological Association reported that the group of Americans in their early 20s to late 30s came in at a 5.4 stress level on a scale of 1-10, higher than the American average of 4.9. Among the things keeping them up at night are predictions […]
By Jennifer van Voorhis, Esq. Recently we received a request from a reader inquiring as to who has the responsibility to determine whether a sustained covered loss to a dwelling can be repaired or must be replaced. We always urge a thorough reading of the policy first, in order to determine what coverages exist, but […]
Life Insurance Holds The Answer Even as aging Americans revel in the splendor of their well-earned retirements, they still harbor plenty of worries, such as outliving their savings. Near the top of the worry list is the fear their health will deteriorate so much they’ll be forced to seek long-term care, a situation that could […]
A Beacon International Group, Ltd. Member
