Hurricane Season

June 5, 2014

The concept of history is relative.  In this county we celebrate and recognize history dating back 300 some years.  In Europe and other parts of the world, 300 year old events are considered almost modern.This lesson was driven home to me a number of years ago when dealing with a broker from Lloyds of London. 
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National Dog Bite Prevention Week – May 18-24

May 21, 2014

While I must admit that National Dog Bite Prevention Week strikes me a tad silly, dog bite claims are no laughing matter.  A recent study by the Insurance Information Institute and State Farm Insurance Company suggests that $485 million was paid out by insurance companies for dog bite claims in 2013.  New York had the
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Flood Insurance Reform Act of 2012

February 4, 2014

“The moral hazard of subsidizing risk is, we’re going to rebuild right where we were, just the way it was, and we’re going to get wiped out.” – Craig Fugate, FEMA administrator With over 2,000 flood policies in force, Cook Maran is one of the nation’s largest providers of flood insurance.  Strong advocates for this
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Common Questions After an Auto Accident

February 3, 2014

Q & A with Tim Brenneman: What should I do immediately after an auto accident in order to file an insurance claim? It is best to gather information about who, what, when and where. Gather the name and address of the other driver, as well as the names of anyone else occupying the other car.
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Earthquake Exclusion

February 1, 2014

Most of us remember the 5.9 magnitude earthquake that hit rural Virginia on August 23, 2011 and was felt as far away as East Hampton. I recall thinking it odd that the chair in my office was swaying side to side that afternoon. Earthquakes in New York and New England are more common than you
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What is Subrogation?

January 31, 2014

After an auto accident, we frequently get questions from our clients about whether to present the claim to their insurance company or to go through the other party’s insurance company. And our answer is frequently “it depends.” Many times our suggestion is to use your own insurance company and allow them to work out any
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Understanding the Admitted and Non-admitted (Excess and Surplus Lines) Insurance Markets in the Personal Insurance Marketplace

January 30, 2014

In today’s insurance marketplace, agents and brokers sometimes have to access non-admitted markets to find insurance solutions for difficult to insure risks. What is a non-admitted market? For that matter, what is an admitted market? Let’s start with a reminder that insurance is regulated by each state. An admitted insurance carrier in New York, as
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Water Damage

January 25, 2014

Water damage is one of the leading causes of homeowner claims in the U.S. According to AIG Private Client Group, water damage is the driving factor behind more 40% of the company’s homeowner claims. They have produced a brief review of the 5 leading causes for water damage and some suggestions for loss prevention and
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