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​Question from a Big I NY member: I have a commercial lines client who has a $5,000,000 umbrella policy with us.  The insured does not want us to show on certificates that he has a $5,000,000.  He would like us to show on the requested certificates a $2,000,000 umbrella policy.   The insured just bumped up his umbrella for one client.  The umbrella policy has always been $2,000,000 and he will be changing the coverage back to $2,000,000 at renewal.  Is this something that I can do?Watch the video below where my confidant and I consider this question. Also note the change in title because truth…

​Question from a Big I NY member: Hi Tim. Work Comp question for you. How come some policies have different limits shown than others? Work comp is unlimited isn’t it? I never really had a good answer on this issue.Answer: By “limits,” I assume you mean the Employers Liability Limits shown in Item 3.B. in the Declarations. It is true that, for most employments, Employers Liability Insurance is unlimited in New York. The NY WC manual states that endorsement WC 31 03 08, New York Limit of Liability Endorsement, must be attached to all policies that list New York under Item 3.A. in the Declarations.…

​​U.S. Supreme Court Justice Ruth Bader Ginsburg passed away on September 18, 2020, at the age of 87. In 1993, she was nominated by President Clinton and confirmed by the Senate for her seat, having already established herself as a strong advocate, particularly for the rights of women. She has received many eloquent tributes over the last several days.My purpose here is to look at how Justice Ginsburg ruled on questions impacting the insurance industry. I wrote a similar piece in 2016 after the passing of the late Justice Antonin Scalia. Insurance cases do not frequently come before the high court. I want to look…