By Martin Koles, M. Koles & Associates LLC Once again, New York State’s Legislative session ended without reform of the coercive and anti-competitive practices of the New York State Insurance Fund (NYSIF). As a director and former president of PIA and executive board member of CIBGNY, I can attest that the associations and their member agents […]
By Howard Kogan In a recent PwC study of global insurance CEOs, nearly two-thirds (59 percent) believe there are more growth opportunities within the insurance industry than three years ago. Yet just as many (61 percent) see more threats to the industry than they did three years ago. Why the duality? As one […]
By: Donald R. DeCarlo Carpal Tunnel Syndrome (“CTS”) is a gradual injury that was described as the next crisis in workers compensation claims in the 1990s, and that has fortunately evolved into routine claims with no expected surge. “At its height of diagnosis, anybody showing up at a doctor’s office with wrist pain or hand […]
Share with Your Clients An agent presents advice for clients re: Cyber Cover By: Keith Fuller Protecting your balance sheet in the past meant making sure that your property and any additional liability your company has from its day-to-day operations are covered. The world has changed drastically and now you need to be aware of […]
By: Merry Korn, Founder and CEO, Pearl Interactive Network At Pearl Interactive Network, we are proud that our company’s growth benefits a mission beyond our own. While our achievements are undoubtedly positive from a business standpoint, they also mean that more and more unemployed veterans are finding work. The staffing solutions world is uniquely satisfying […]
Legislative and Regulatory Update by Amy Roberti – Council of Insurance Agents and Brokers (edited for the Insurance Advocate®) Where there’s smoke there’s fire—and where there’s a crisis, there are state and federal lawmakers and regulators trying to be helpful. Major data breaches are in the news every day in both the private and public […]
By: Robert Jones – AIG Edited for the Insurance Advocate® No matter how strong or sophisticated an organization’s IT defenses are, how thorough the vetting of an organization’s vendors may be, or how well an organization trains or plans in preparation to respond to a data breach or other incident, there will still be network […]
By Dr. Robert P. Hartwig, CPCU and Dr. Steven N. Weisbart, CLU Highlights The U.S. property/casualty industry had a strong first half in 2015. Overall net income after taxes (profits) in the property/casualty (P/C) insurance industry increased by $5.0 billion (up 19.2 percent) in the first half of 2015 to $31.0 billion from $26.0 billion […]
Over a decade ago, insurance brokers and Professional Employment Organizations (PEOs) were nothing more than competitors. PEOs brought workers’ compensation and health insurance options to clients, and these offerings threatened to displace that which insurance brokers had in place. Times have changed. In today’s legislative landscape, especially with the enactment of the Affordable Care Act […]
Technology is providing agents and brokers (“agents”) today with several tools to increase sales and profitabil- ity, as well as to provide better customer service. Automation is also helping many agencies manage their E&O risks more effectively, because of its capabilities to retain accurate data, foster consistent processes, document transactions and con- versations and generate […]
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