Thursday, April 6, 2017

Prudential now offers affordable Life Insurance for marijuana users


To inquire about life insurance, call 516-396-8342 or visit www.coverage.nyc/life

Friday, March 31, 2017

AIG Private Client Group Family CyberEdge

Ask about AIG Private Client Group Family CyberEdge!  An amazing policy add-on providing protection from a broad range of incidents and helps you proactively manage your family’s cyber footprint.  
Coverage highlights of our Family CyberEdge
Family CyberEdge includes protection from a broad range of incidents and helps you proactively manage your family’s cyber footprint. Customize your limit of insurance for each of the coverage features listed below, from $50,000 - $100,000. Please note that coverage extends to events discovered during your policy term or no later than 30 days past its expiration.

Data restoration
You can be reimbursed for costs incurred for data restoration expenses after a cyber attack on you or your family’s personal computer system, including wireless and mobile devices. Through our partnership with K2 Intelligence, you can access help to restore data and remove any malware on your personal computing devices. (Minimum deductible: $1,000.)
Cyber extortion
This coverage reimburses money paid by you or a family member to terminate a cyber extortion threat against you or a family member. It also provides access to an expert cyber consultant to assist if a criminal demands ransom in exchange for your data. In addition, we cover the costs for the cyber professional to conduct an investigation to determine the cause of the threat. (No deductible required; you can choose one to control costs.)
Crisis management and reputation restoration
If cyber extortion or a similar cyber attack affects your reputation or that of a family member, we can reimburse the cost of hiring a professional crisis management firm. (No deductible required; you can choose one to control costs.)
Cyberbullying expenses
If you or a family member is a victim of cyberbullying, we can cover the cost of related expenses including psychiatric services; professional digital forensic analysis to aid in prosecution; professional cyber security consultant services; lost salary due to wrongful termination; public relations service fees; and temporary relocation expenses. (No deductible required; you can choose one to control costs.)
In addition, Family CyberEdge coverage includes credit monitoring services for up to two family members per household, provided by our identity service provider CyberScout. Monitoring draws from three credit bureaus, public and court records, and additional records that include personal data.
You don’t have to have a claim to benefit from this added layer of protection.
Family CyberEdge Assistance
Stay ahead of sophisticated, quickly evolving threats by taking advantage of supplemental services offered by best-in-class cyber security specialists.
Partnerships include:
Stay ahead of sophisticated, quickly evolving threats by taking advantage of supplemental services offered by best-in-class cyber security specialists.
  • CyberScout AIG Private Client Group homeowners policyholders in the U.S. are automatically eligible to access a menu of complimentary identity theft protection services from CyberScout.
  • K2 Intelligence For those whose cyber concerns go beyond basic identity protection, K2 Intelligence offers additional services at reduced rates for AIG policyholders. Its Cyber HouseCall features a holistic assessment of your devices, home network, wireless access points, secure online accounts, along with best practices and training to family members. Privacy Pulse online monitoring assesses and tracks the availability of your personal information.

Friday, March 14, 2014

Flood Update: Homeowners Flood Insurance Affordability Act passes the Senate and moves to the President for Signature to become Law

Homeowners Flood Insurance Affordability Act passes the Senate and moves to the President for Signature to become Law
 

HB3370, Grimm/Waters Homeowner Flood Insurance Affordability Act of 2014, passed the Senate last night 72-22 and is anticipated to be signed by the President within the next 10 days.  

 

Although we anticipate the President will sign this bill, it may still be some time until FEMA and the NFIP implement the rules and procedures to offer the relief and refunds to affected policyholders.  At Wright Flood we will continue to work with the NFIP to assist in the implementation and will keep agents and policyholders informed through communications and website postings.

 

"This bill provides a compromise to bring relief to property owners and stability to the real estate market while still providing a path for the NFIP to reach actuarial soundness," stated Patty Templeton Jones, COO Wright Flood.  "We understand that policyholders and their agents will be primarily interested in receiving any refunds and revised lower premium rates, however, the implementation of any refunds and revised rates from this bill is in the hands of FEMA and the NFIP for action."

 

HFIAA14 directs FEMA and the NFIP to modify BW12  Flood Reforms already in place as well as to modify the future implementation of BW12 Flood Reforms. A Congressional Summary of HFIAA14 is available to read more.  We appreciate your interest and involvement in the political process, to see how your Senator voted, click here to see how your Representative voted, click here.  

Some important highlights include: 

  • Removes the sale of a property as a trigger to go directly to actuarial rates and establishes a glide path to reach actuarial rates through annual premium increase caps.
  • Requires FEMA to make refunds to policyholders with new policies after July 6, 2012 that were required to pay actuarial rates due to the BW12 Flood Reforms
  • Annual premium increases will be limited to a minimum 5% increase and a maximum 18% increase (under BW12 there was no minimum and there was a 20% maximum.)  
  • Establishes a surcharge for all pre-FIRM flood policies:  $25.00 per primary residences and $250 per policy for non-primary and non-residential properties.
  • Allows the Grandfathering rules in effect today within the NFIP to remain-by deleting  Section 10027 of the BW12 Flood Reform Act  
  • Maintains 25% premium increases for non-primary, business properties and severe repetitive loss properties. ( BW12 Section 1307 items A-E)
  • Re-establishes 50% home improvement level as the threshold for compliance with flood mitigation building practices.  (BW12 had lowered it to 30%)
  • Increases the funds available for the Affordability study to $2.5M
  • Requires FEMA to consult with the WYOs during the entire process of any upcoming changes.

Even after Presidential signature, FEMA will need some time to determine implementation plans and advise the WYO insurance companies of new flood policy rules and rates.



 Noah J. Bank

t. 516.396.8342 | f. 516.396.4898 | m. 516.840.9898 | nbank@thebggroup.com

55 West Ames Court, Suite 400, Plainview, NY 11803-2304

 

The B&G Group, Inc.

Insuring the world's most important people, our clients…

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NOTICE: Information contained in this message, including any attachments is confidential and may not be disclosed without our express permission.  If you are not the intended recipient, any review, dissemination, distribution or copying in whole or in part is strictly prohibited.  Insurance coverage may not be bound or adjusted, nor may claims be reported through email without agency confirmation.

 

 

Wednesday, March 12, 2014

Tuesday, March 4, 2014

Wednesday, November 7, 2012