For the Insurance Advocate, January 2010
“…the Department addressed the mid-term cancellation of a workers’ compensation insurance policy based upon the insured’s failure to pay the audit premium on its most recently expired policy.”
“…the Department addressed the mid-term cancellation of a workers’ compensation insurance policy based upon the insured’s failure to pay the audit premium on its most recently expired policy.”
“What are the obligations and duties of an insurer, insurance broker or agent with respect to notices of cancellation for nonpayment of premium? New York Insurance Law § 3426 governs the cancellation of commercial lines insurance policies, and provides for instances where an insurer has a statutory right of cancellation, such as the nonpayment of premium.”
“The policy defined an “insured” as “any person or organization for whom you are performing operations when you and such person or organization have agreed in writing in a contract or agreement that such person or organization be added as additional insured on your policy.”
“Can an insurance company cancel your homeowner’s policy if you leave your New York home unoccupied during the winter months in order to spend the season in a warmer climate? Apparently, many insurance companies have canceled homeowners’ policies claiming either that an unoccupied residence constitutes (a) a “physical change” or (b) a willful or reckless act or omission increasing the hazard insured against.”
“As opposed to the detailed Regulations governing advertisements for accident and health insurance, there are no separate Regulations governing advertisements for property and casualty brokers and agents.”
“The main difference between a marriage and a civil union is that there is no requirement that civil unions be recognized outside of the state.”
“As the holiday season approaches you may be thinking of gifts to send to your clients. If you are an insurer, insurance agent or broker, giving just any gift, even one that costs less than $15, may violate New York’s Insurance Laws”
“A precise overview and update on this controversial, emerging market sector, one that requires careful counsel when your “baby boomer” clients –inevitably—ask you about payout potential.”
“Even in the absence of privity between the plaintiff and defendant Brooks, one who assumes to act, even though not obligated to do so, thereby becomes subject to the duty to act carefully.”
“Who would have thought that the tip jar sitting by the cashier when you buy your morning coffee could cause such controversy?”