The Professional Insurance Agents of New York State (PIANY) will host its first Regional Awareness Program of 2020 on January 30th from 8 a.m.to 5:00 p.m in Manhattan called MetroRAP. More than 400 agents, company representatives, exhibitors and other insurance industry professionals from the greater New York metropolitan region and downstate New York are expected […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Assistant Vice President/Media Editor Directors’ and Officers’ coverage should be included in the insurance portfolio for most businesses. The coverage is sometimes overlooked for nonprofits. The nonprofit sector has undergone increased scrutiny in recent years, in part due to their favored tax status and for […]
The Social Security Administration (SSA) has just resumed issuance of Employer Correction Request Notices, commonly referred to as “Social Security NoMatch Letters.” These letters are not as benign as they seem. The NoMatch Letters are being sent to businesses throughout the country that are identified as having a name and Social Security Number (SSN) combination […]
Attorneys' Notebook, Guest Article
By Bill Megna and Jim Burns of Genova, Burns, llc Affinity insurance brokerage, a sales model whereby an insurance producer gains access to potential insureds through a sponsoring organization, typically an unlicensed entity, is nothing new. Trade associations, fraternal societies and clubs of all sorts have for decades entered into arrangements with licensed insurance producers […]
Ms. Rebecca McLean (pictured) of Old Greenwich, Connecticut, has been named Executive Director of The Insurance Federation of New York, a 106-year-old nonprofit organization that serves the insurance field. She assumes the office on January 1, 2020. Since its inception in 1913, the Insurance Federation of New York, Inc. (IFNY) has earned broad-based distinction as […]
Court Refuses to Allow Pro Se Plaintiff to Annoy Court Insurance criminals who are arrested and convicted of the crime of insurance fraud – a very rare occurrence – can’t believe that they must serve time in jail. As a result of the conviction they insist on filing multiple lawsuits – usually with no merit […]
In New York PIP practice, health care providers are paid according to the Workers Compensation Fee Schedule. But not all kinds of treatment are covered by the Fee Schedule; one of those is acupuncture treatment performed by a licensed acupuncturist. The Fee Schedule has acupuncture rates for physicians and chiropractors (with the chiro rate being […]
By Marilyn M. Singleton, M.D., J.D. Google is universally well known as a search and advertising company. Now Google is tapping into the $3.5 trillion healthcare market. To compete with the Apple Watch, Google acquired FitBit, the wearable exercise, heart rate, and sleep tracking device. Data is king. Voluntarily worn fitness tracking devices are one […]
The Insurance Industry Charitable Foundation (IICF), the insurance industry’s nonprofit organization dedicated to charity, raised $1.14 million at its 13th Annual Northeast Benefit Dinner, held in mid December in New York City. The event gathered more than 700 insurance professionals for an evening of networking and philanthropy designed to “give back” to the community by supporting nonprofits that serve the New York tri-state region. More than $9 million has been granted to local nonprofit and charitable organizations since 2007.
Recently the question came up whether it was possible to successfully start an agency from scratch. I believe the answer is it is possible just not highly probable. The chances of someone with no previous experience successfully creating a viable insurance agency from scratch are miniscule and fraught with many roadblocks and issues. Having some […]
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