Morrell Insurance November Newsletter
Introduction - Welcome!
The Morrell Insurance Newsletter!
This Newsletter is sponsored by Wm. E. Morrell Inc.(Morrell Insurance, founded
in 1909) for the purpose of having our subscribers current on insurance news,
products, and services. Although in harder times, it is difficult to reflect on
blessings received throughout this year, our staff wishes you a very Happy
Thanksgiving Day.
in 1909) for the purpose of having our subscribers current on insurance news,
products, and services. Although in harder times, it is difficult to reflect on
blessings received throughout this year, our staff wishes you a very Happy
Thanksgiving Day.
Helpful Insurance Information and Tips
Auto Terms, Homeowner Terms, Safety Tips, Money Saving Tips
The National Grange Mutual Insurance Company (NGM) is one of the many insurance companies which Morrell Insurance represents as an Agent. NGM is part of the Main Street America Group. Although we market NGM products mainly for commercial customers, Main Street America does provide helpful information for personal lines products. We have posted on our Blog their article on Auto, Homeowner, Safety and general Insurance Tips. The article links to multiple sites providing vast but easy to read information on topics such as Winter driving tips, Fire prevention, Hurricane preparation, Money saving tips, Emergency Management, Homeowner safety and much more! See
our article on Helpful Insurance Information -Safety Tips at The Lower New York Insurance Blog.
our article on Helpful Insurance Information -Safety Tips at The Lower New York Insurance Blog.
NY Regulation: Financial Guaranty Insurance Companies
Financial guaranty insurers (FDI), Governor David Patterson
The Insurance Property and Casualty (P&C) Insurance Carriers have withstood
favorably the credit crunch of resent. Much news has been posted on Credit
Swaps and the downing of AIG. Credit swaps are financial derivitives used by
financial guaranty insurers (FGI) to insure certain types of securities such as
bonds and commercial paper. This type of coverage is not based on the same
insurance practices as the P&C insurance carriers. In The Lower New York
Insurance Blog and in last month’s Newsletter, we had posted several articles
on insurance companies solvency.
favorably the credit crunch of resent. Much news has been posted on Credit
Swaps and the downing of AIG. Credit swaps are financial derivitives used by
financial guaranty insurers (FGI) to insure certain types of securities such as
bonds and commercial paper. This type of coverage is not based on the same
insurance practices as the P&C insurance carriers. In The Lower New York
Insurance Blog and in last month’s Newsletter, we had posted several articles
on insurance companies solvency.
On September 22, 2008, the New York State Governor David Patterson and
Superindentent Eric Dinallo released a letter from the New York State
Department of Insurance on Best practices for financial guaranty insurers. From
his letter the first two sections are copied and posted in our Blog for your
reading. The full document Circular Letter No. 19 (2008) can be found on the
New York State Website. See our article on NY Regulation: Financial Guaranty Insurance Companies: at The Lower New York Insurance Blog.
Superindentent Eric Dinallo released a letter from the New York State
Department of Insurance on Best practices for financial guaranty insurers. From
his letter the first two sections are copied and posted in our Blog for your
reading. The full document Circular Letter No. 19 (2008) can be found on the
New York State Website. See our article on NY Regulation: Financial Guaranty Insurance Companies: at The Lower New York Insurance Blog.
