All Categories

The Merriam Agency Acquires Latham-based Corporate Benefit Planning

Schenectady-based Merriam Insurance, which announced the deal on Tuesday, did not disclose financial terms. The acquisition closed the previous Monday. Corporate Benefit Planning is located in Latham, NY. Carol Bowman, prior Manager of CBP, said, “We strongly believe that The Merriam Agency will continue the personalized and excellent service we have provided to our valued clients and we are pleased that The Merriam Insurance Agency is available to provide … an expanded service and product line.”

The Cost of Doing Business In New York

Established in 1895, the Merriam Insurance Agency is the oldest family-owned-and-operated business in the city. It has grown and expanded over four generations, but the fifth generation may not keep the business going, at least not in New York, said president Brian Merriam. "For my children, they know what it costs to live in this state versus other places, and they recognize it is more expensive to live here," Merriam told NewsChannel 13. "You will have less to show for it at the end of the year than you would in other states," he said. "So for them to choose to stay in New York, as I have, is highly unlikely." While the agency's profits are rising, Merriam says burdensome regulations and high taxes are major obstacles. It is a complaint shared by many business owners across the Capital Region and the state.

Do You Know Your Retro Date?

The retroactive date on your policy specifies the earliest point in time that your insurance policy will provide coverage. This is also known as your prior acts coverage. Your professional liability policy is written on a claims made basis including a retroactive date. This means, in order for coverage to apply, the claim must be made and reported to the insurance carrier during the policy period and must have occurred after the retroactive date on your policy.

Risky Business: 01

Life is inherently dangerous and the ability to get back on your feet is no accident. Having the right insurance makes all the difference. As the experts at Merriam Insurance will tell you, as they present Risky Business: Dealing with the Dangers of Life.

Everything Changes

In the 30 years of my professional career in risk management and insurance, I have never come across an issue as divisive as the debate over National health insurance. I will admit, right up front, that I am an opponent to the idea. Categorically, I am one of those conservatives who are prone to side with Thomas Jefferson who was quoted as saying, “The role of government is to do for society what society cannot do for itself.” Likewise, I am apt to quote what was printed in the monthly periodical

Exchanges Mean Less Choice & Higher Prices

It is becoming clear that Health Care reform is not what the American people were promised. A new study released on March 3, 2014, written by Senior Fellow David Hogberg, Ph.D. of the National Center for Public Policy Research, states that exchanges have reduced the choices and increased the price of insurance policies when compared to what existed in the 2013 market. Healthcare reform supporters, including

Opportunities to Help Those in Need

In January of this year, I took my 16-year-old daughter, Kalina, to Haiti for a short-term mission trip. I hoped that, by showing her the poorest nation in the western hemisphere, she would have an appreciation for the bounty that is ours in America. Additionally, I hoped that she would perceive an obligation to someday help those who have not been as well blessed as we Americans. Even those who are below the poverty line here in our own country have available resources that those in poverty in Haiti do not. Four years ago I took a similar trip

What Comes to Mind When You Think About Spring?

What comes to mind when you think about spring? Tulips, motorcycles, tattoos, long rides and vacations. Are you insured for the season? We have insurance to fit your needs! If you have an accident or covered loss while more than 100 miles from home, trip insurance will pay for your lodging up to your policy limit. Is your motorcycle insurance up to date and your coverage adequate? Are your liability limits high enough to cover you in case of a loss?

Jump Into Spring: Annual Business Insurance Review

New business owners are concerned to see that conditions are favorable for the success of their business, which includes obtaining the protection of business insurance. However, it is possible that business success and longevity may cause complacency. Ten years ago, you might have started your business with just a small office space and one computer. Yet, today you have an office full of employees and equipment. You may now need to make changes to your original insurance coverage. It is common for small businesses to start out with basic insurance coverage,