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Foreword Issue: 2010-02-08 Of Heroes and a CowardA sudden snow storm Thursday morning January 28, froze our plans to attend the PIANY’s MetroRap session in Brooklyn. The day turned out to be a beautiful one, however, by three o’clock in the afternoon, particularly beautiful for those who did attend and witnessed our dear friend David Louie receive PIA’s top award. We note David in a number of roles but principally as a devoted family man, a man of faith and a great friend of the insurance business. PIANY did itself proud by selecting David as an honoree. Other photos in the current issue indicate the extent of activities at this RAP session, which we are told was quite successful…Two evenings prior, on the 26th, I was privileged to be asked by the IIA of Suffolk County, its CPCU Chapter and the WINLI to be a featured speaker at their evening event. Despite announcing my presence, a robust crowd of 60 turned out and enjoyed the evening together in Smithtown, Long Island. My remarks focused upon the kinds of things entrepreneurs must always remember— that history and experience have taught us. The agents and carriers present, including a delegation from American Transit, were pleased with the event according to IIASC. The great concern, of course, on everyones’ mind is Producer Compensation Disclosure. We are pleased to learn that, at the PIANY Rap Session, as reported in this issue, Superintendent Wrynn, responding to calls for a review of this measure, indicated that the department is refining the regulation even as we speak. This is good news for New York and good news for agents and insureds alike…We are pleased to present in this issue, even as another Cuomo is seeking higher office, the thoughts and recollection of former Superintendent of Insurance James Corcoran, who served successfully under the last Governor Cuomo. Over the years, Jim has had a successful career in insurance and has become one of the popular personalities on the scene. We welcome Jim’s recollections and commend them to your attention…Speaking of Superintendents, each issue you will see a billboard in the Insurance Advocate, reminding everyone of former Superintendent Greg Serio’s radio show which is created in Albany but streamed throughout New York State. It is a worthwhile show and some of the personalities you read about in the Insurance Advocate find their way to the microphone under Greg’s aegis. We commend this show to your attention…On an other note, we continue to receive mail, good and bad, and e-mails, good and bad, and publish those that represent readers thinking. Of course, one requisite is that they be signed. We had a bad experience on Wednesday morning January 27, when an individual called the office refusing to identify himself, and excoriated the publication, this writer and others in the field. This individual was asked repeatedly to identify himself by me and he refused. He did not hold back from calling me several names and issuing threats over our AIG piece. He proceeded to demonstrate his ignorance in the course of the conversation. I did call him one name and that was “coward.” We are pleased that this is the only time in history we have ever had to use the word “coward” in such a context…We regret the passing of Frank Angell, professor of business at New York University who for many years wrote for the Insurance Advocate, and whose works we published, including his landmark Insurance Principles and Practices. We published several of Frank’s monographs and other works. He was a profound thinker, great guide to students and functioned as his own alumni network, helping his former students find work and helping them reach all the great heights available to them in the world of insurance and finance. Our condolences to his family. |
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