The CAS Institute (iCAS), a subsidiary of the Casualty Actuarial Society (CAS) offering specialty credentials to quantitative professionals in data-intensive sectors, recently announced its first board of directors. Previously governed by the board of the CAS, iCAS will now be led by a dedicated six-member board that reports to the CAS Board. The iCAS Board […]
Trenton, N.J.—The Professional Insurance Agents of New Jersey submitted written testimony to support S-2475, which would prohibit application of a fiduciary standard to insurance producers, before the state Senate Commerce Committee on Jan. 17. The bill is sponsored by Senate President Stephen M. Sweeney, D-3, and Senate Commerce Committee Chair Nellie Pou, D-35. The bill […]
Woodbury, NY—Sterling-Risk Insurance, one of the nation’s top independently owned insurance brokerages, has hired Steven Guthart (pictured right) as President and Chief Marketing Officer. Guthart brings more than 30 years of industry experience and technical expertise to SterlingRisk, having built robust senior carrier relationships during his tenure as President, Brooklyn Operations, with HUB International Northeast […]
Citing unaffordable costs of common, essential drugs such as insulin, the Association of American Physicians and Surgeons (AAPS) provided testimony for the Jan 29 Senate Finance Committee hearing on high drug prices. The answer is not a government-run pharmaceutical industry, but rather unleashing the “competitive market forces that provide abundant options and push prices down […]
GLENMONT, N.Y.—The Professional Insurance Agents of New York announced Kevin O’Neil and Timothy McGrath each received the prestigious Bernard I. Kozel Memorial Scholarship, Jan. 31, 2019, at the Metropolitan Regional Awareness Program at the Roosevelt Hotel in New York. O’Neil is an account executive and McGrath is a producer for Marian Farese Insurance in West […]
NAIC – The Center for Insurance Policy and Research Demand for cannabis is increasing dramatically. More than half of U.S. states have legalized some form of medical or recreational marijuana, and the demand for cannabis is increasing dramatically. The division between state and federal status makes it difficult for businesses to receive inclusive, affordable coverage […]
NEW YORK– AmTrust Financial Services, Inc. (“AmTrust” or the “Company”) has stepped up its strategy and plans with the launch of AmTrust Forward and with the naming of several executives. “Our vision for AmTrust is to be a leading specialty commercial P&C insurer. We believe we can achieve this by focusing on local markets and […]
NEW BERLIN, NY – Preferred Mutual (“Preferred Mutual”) Insurance Company President and Chief Executive Officer, Christopher P. Taft, recently announced several key promotions within the company’s management team. “As we look to our future,” Taft commented, “we have identified the opportunity to capitalize on enterprise perspectives in order to drive our strategic initiatives by building […]
MSO, Inc. (The Mutual Service Office, Inc.) is pleased to announce the addition of Karen S. Fulton (pictured right) to its board. Ms. Fulton is the retired President and CEO of ARI Insurance Company (an Amtrust Caompany), and its predecessor, ARI Mutual Insurance Company. She previously served as Vice President and Controller of American Reliance […]
Welcome to the Insurance Fraud Legion of Shame. The year’s convicted extreme schemers were chosen by the New York Alliance Against Insurance Fraud. Driven to deceive. Michael Danilovich (NYC) masterminded a massive fraud ring that stole $279 million in false injury claims from bogus and setup car wrecks. It was one of the largest such […]
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