Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”), extend grace periods and give you other rights under your life insurance policy or annuity contract if you can demonstrate financial hardship […]

Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”), extend grace periods and give you other rights under certain property/casualty insurance policies if you are an individual or small business and […]

My Educate-Innovate-Collaborate for Results program includes unique, proprietary and even disruptive insurance and risk management approaches that forward-thinking business are adopting. By stepping away from the status quote, organizations are benefiting from deploying a more cost-effective use of capital to not just protect assets but in certain situations generate more profit and shareholder value. As […]

Recently, while discussing with a client the need for Data Breach / Cyber Liability insurance, he made an insightful and impactful statement about protecting his two most important business assets – employees and data. His 328 employees enjoy a robust benefits plan, including health, dental, vision, life insurance, long and short term disability, access to […]

Early one morning, a distraught client’s Controller called to report she had authorized an $18,000 electronic transfer to an unknown party posing as the company’s CEO. She was a victim of spoofing, one of several fast growing Social Engineering practices, which facilitates the ability for hackers to steal money. Spoofing is to cybersecurity what camouflage […]

Cyber insurance underwriters are focusing more and more on an organization’s resilience. The most common definition is the ability of an enterprise to limit the impact of security incidents. This is a broader approach that encompasses cyber security and business continuity management, which aims to not only defend against cyber-attacks, but also ensure that the […]

For the past 12 years I have observed cyber risk evolve from a malicious, disruptive tool used by hackers to interfere with a company’s ability to transact business, stealing personal identifiers, and credit card information that would be sold on the Dark Web to the type of insidious and existential risks like viruses, ransomware and […]

The “near miss” experience is a well-known issue in the risk management world because as you might expect, eventually it can result in an injury or accident. I learned at an early age the lessons that can be taught when I was almost ran over by a car when I darted out on a bike […]

Of course, the answer is “absolutely not.”  When talking about commercial insurance policies, the truth is that some insurance policies are far different from others…but not in a good way! To illustrate, I’d like to relate a recent experience I had when placing coverage for a construction client. They are a distinguished general contractor/ homebuilder […]