The Lower New York Insurance Blog

In the view of many, the problem with AIG until recently was that it was driven by imperious personality. That problem was solved by the forced departure of Hank Greenberg by now-discredited ex-New York Attorney General Eliot Spitzer. However, with the arrival of Bob Benmosche as CEO, big personality is back.

The American Worker Plans, working with LifeStrive and the Allstate Workplace Division, have begun national marketing of an innovative program of wellness coupled with critical illness or cancer protection.  Under this program, you can offer a group package of critical illness or cancer plans, inclusive of a preventive care benefit, …

Investment returns are likely to be better in the second quarter than in the first, and weather-related catastrophe losses are “just a bit above the typical second-quarter’s result,” estimated Edward Shields of Sandler O’Neill & Partners. He expects “a fairly positive” second quarter except possibly in one area - the …

WASHINGTON (Dow Jones)–The insurance industry is seeking changes to legislation to create the new Consumer Financial Protection Agency that would prevent insurers from being swept into the agency’s purview.
Thirteen insurance trade groups, in a letter to key lawmakers, asked to exclude mortgage, title and credit insurance from the agency’s …

Promoters of concerts take on great risks.  Many performing stars are temperamental, have addictions and are sick often, thus having concerts canceled since the star can not perform. These risks along with other risks as rented stage or venue facing a peril, performer just decides not to perform, security issues where authorities close down the [...]

As the weather becomes hotter many Americans are drawn to the water. We travel to the Jersey Shore, The Long Island Sound, Country Clubs or simply step out to our own back yard pool.
Owning a pool allows families to enjoy the water in their own environment, but with this pleasure, pool owners are subjected to [...]

SEATTLE - When Mark Moody and Glenda Krull could no longer afford both health insurance and mortgage payments, the Edmonds couple knew which had to go. They sold their house. Moody, 60, had a liver transplant four years ago and may need another. He alone pays $1,345 a …

Our favorite insurance technology-related blog posts from around the Web (June 28-July 4, 2009):

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 favorite insurance technology-related blog posts from around the Web (May 24-30, 2009):
The Consequences of Printing Money
Celent’s Nicolas Michellod examines the current state of the credit crisis, paying particular attention to the amount of money currently in circulation across the global economy. “More than questioning if there is really a credit crisis, what appears to [...]