Blog

The latest from
Cook Maran.

inner transparent blue shape man writing on a whiteboard

Looking for the latest from Cook Maran—or what's new in the commercial or personal insurance industry? You'll find it here.

Feb
01
2014

Earthquake Exclusion

Posted in Personal Insurance
By

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
Read full article

Jan
31
2014

What is Subrogation?

Posted in Personal Insurance
By

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
Read full article

Jan
30
2014

Understanding the Admitted and Non-admitted (Excess and Surplus Lines) Insurance Markets in the Personal Insurance Marketplace

Posted in Personal Insurance
By

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
Read full article

Jan
25
2014

Water Damage

Posted in Flood Insurance, Personal Insurance
By

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
Read full article