Question from an IIABNY member: “I have a question regarding “Cancellation for Non-Payment of Premium”. In short, after proper notice has been given and no premium is received, can an insurer…
New York has a reputation as a state that’s pretty friendly to consumers, so I think it’s notable that an appellate court last month voided a Homeowners’ insurance policy because the insured…
Question from an IIABNY member: “The carrier set up a policy for non-renewal, issued the renewal, then told us that the non-renewal will stand. They said it was a system error that…
[This question came out of the Webinar presentation of my continuing education course, Can They Do That?, on August 17th] Question from an IIABNY member: “We underwrite a program for forest products…
Question from an IIABNY member: “My question pertains to a personal lines package policy. I recently had a client renew where the homeowner’s premium is escrowed through the mortgage company, and…
Question from an IIABNY member: “We have a situation where one of our insurance companies is non-renewing a commercial middle market client due to bankruptcy/Chapter 11. One of our other…
Question from an IIABNY member: “Can a carrier cancel a HO policy midterm because the insured has a shooting range out back? The carrier has been on them for 10+ years. The…
I got an interesting question yesterday that I was unable to answer. Hopefully, you’re still reading; I’ll go on. The IIABNY member who called me has a client who fell…
Question from IIABNY member: “We have an insured that approached us with a question– he has a NY auto policy and he’s going to California for four months, as he does…
A provision in New York Workers’ Compensation Law can potentially devastate the personal wealth of unsuspecting corporate officers who fail to get insurance. I received a phone call today from…
