Bank insurance activities: CIBGNY has consistently opposed bank marketing proposals to enter the insurance field, especially the proposal that banks be allowed to sell insurance to borrowers and other consumers.
State Fund: The State Fund has "expanded dramatically since its inception and is today the dominant force in [the New York workers' compensation 1 market," according to CIBGNY.
As a result, CIBGNY supports the exploration of a "privatization plan through which brokers may represent the State Fund and be compensated for their work.
Resnick, CIBGNY President added, "The Association will continue forging forward in 2008 with its aggressive agenda and will pledge to help move forward the legislative issues that concern us all.
Resnick stated, "The Association will also announce the CIBGNY Scholarship winner.
CIBGNY holds numerous meetings/events and works with state and federal government officials to ensure fair treatment for agents, brokers and consumers.
Following a court decision upholding Regulation 194 that requires New York's insurance producers to disclose certain compensation information to their clients, IIABNY and CIBGNY
leaders, unsuccessful plaintiffs in the suit, have decided to hold off on further litigation.
spoke to the capacity crowd, introducing the speakers such as CIBGNY
President Michael Demetriou who presented the Scholarship Awards; and then himself presenting GMAC Insurance Company with the 2011 Company of the Year Award.
In this issue we recount (on page 6) the IIABNY and CIBGNY
continuing battle to overturn Reg.
IIABNY and CIBGNY
were part of an industry effort throughout 2009 aimed at convincing the New York Insurance Department to drop Regulation 194 or minimize its burdens on producers.
has established a scholarship fund in recognition of both Theodore and Peter's unwavering support of the insurance industry.
But think even deeper, it's really because of your connections to the community, your Church, your Synagogue, your Rotary Club, Lion's Club, Knights of Columbus, Moose Lodge, fire department, civic association, PTA, kids' scouting pack, baseball, lacrosse, or golf team, country club, PIA, CIBGNY
, IIAA membership .