Articles by Kenneth J. St. Onge

Insurance Industry Unveils Massive $40 Million Disaster Research Center

A major research arm of the property insurance industry used giant fans to blow down a two-story, Midwestern-styled house yesterday as part of an unveiling ceremony for a massive new research facility in South Carolina. The Institute for Business & …

Flood News

The good news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. The bad news is that the National Flood Insurance Program (NFIP) has been extended until Sept. 30, 2011. It’s good news because …

New York Panel Hears Homeowners Reform Proposals

New York insurance regulators proposed a series of tweaks to the state’s coastal homeowners insurance market this week, but it will probably be months before the state panel tasked with evaluating the proposals makes any decisions. The Temporary Panel on …

A Wealth of Risks: Serving High Income Clientele

For insurance agents, there is a lesson to be learned from Hulk Hogan — particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler turned reality TV star is suing his insurance broker, Wells Fargo, over …

New York Insurance Exchange Plan Hinges on Industry Support

Shifting Political Winds, $25 Million Price Tag Create Hurdles New York regulators say the plan to re-launch a Lloyd’s-style exchange in the city is forging ahead, but they’re looking to hand the reins to the insurance industry to take the …

Debate Heats Up Over Coastal Homeowners

Although hurricane seasons ends in November, the storm over coastal homeowners insurance New York appears to be just getting started. In mid-October, Insurance Superintendent James Wrynn plans to convene a meeting of the state’s Temporary Panel on Homeowners Insurance Coverage, …

Best East Agency to Work For: KMRD Partners Inc.

When Kevin McPoyle and Robert Dietzel founded their namesake independent agency, KMRD Partners Inc., six years ago, they aimed to create a unique business model that blended high-level expertise in risk management techniques with an agencywide emphasis on relationship-building. And …

Insurers Blast New York Coastal Homeowners Insurance Reform Plan

Insurers are blasting a proposal by New York regulators to reform the state’s coastal homeowners insurance market, a plan one exec called “a solution in search of a problem.” “The insurance industry is scratching it head,” said Ellen Melchionni, president …

New York Insurance Exchange Plan Hinges on Industry Support

New York regulators say the plan to re-launch a Lloyd’s-style exchange in the city is forging ahead, but they’re looking to hand the reins to the insurance industry to take the lead in building it. The plan for a revitalized …

Heart of the Matter

The Best Agencies to Work for in 2010 do not all look or act alike. They are of different shapes and sizes and they serve different markets. They offer different programs and benefits. They support different community activities. The Best …