Question: “What types of commercial properties have to be specifically rated by the Insurance Services Office (ISO), and which are eligible for the class loss costs found in the manual?”…
Question: “Suppose I was going to sell insurance to customers for a niche market product, and I wanted to start a trade association. These customers could pay annual membership dues…
Question: “Must we complete the New York Anti-Arson Application for improvements/betterments in a restaurant?” Answer: I believe you do. The application is required by Section 3403 of the New York…
Question: “A situation came up recently with one of your clients. They have entered into a contract and are required to provide a Waiver of Subrogation for the Workers’ Compensation…
Question: “We had an insurer cancel a Free Trade Zone policy mid-term. The reason for cancellation was noncompliance with inspection safety recommendations. Per the attached notice, they relied on New…
Question: “What is the law regarding conditional renewal notices sent out on Homeowners policies that will be renewing with increases? Specifically, 25% or more?” Answer: New York law does not…
QUESTION: “I have a company that increased an insured’s renewal premium by over $1,000 because of a deer collision claim (payout was $6,000 for a comprehensive claim). I do not…
Question: “We have a manufacturer/warehouse/winery risk that is with a company that has ISO forms plus their own proprietary coverage. The proprietary coverage does not mention that the Agreed Value…
Question: “We have an insured who owns a secondary seasonal home, which she occupies. She also occasionally will rent it out to someone else for a month or so when…
Question: “Doesn’t the New York auto photo inspection regulation say that the insurer does not have to have vehicles inspected if it’s insuring them under a book transfer by an…
