Insurance Journal » New York

I.I.I. : 93% of New Jersey/New York Sandy Claims Settled

Mon, 22 Apr 2013 16:58:47 +0000

Insurance regulators in New Jersey and New York — the two states hardest-hit by Superstorm Sandy — report that insurers have settled 93 percent of the claims they received in the wake of Sandy, according to the Insurance Information Institute.More …

The article I.I.I. : 93% of New Jersey/New York Sandy Claims Settled appeared first on Insurance Journal.

New York State Releases Plans for $1.7B in Sandy Funds

Thu, 14 Mar 2013 14:08:06 +0000

New York Gov. Andrew Cuomo announced statewide plans Tuesday to use $1.7 billion in federal storm-damage funds for home repairs, government buyouts of property in flood-prone areas, low-interest loans, flood-prevention measures, and other recovery work. Most of the money will …

The article New York State Releases Plans for $1.7B in Sandy Funds appeared first on Insurance Journal.

Report Questions Insurer Readiness, Attitudes on Climate Change

Don Jergler — Thu, 07 Mar 2013 15:57:51 +0000

A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather events, but not longer-term “baseline changes” driven …

The article Report Questions Insurer Readiness, Attitudes on Climate Change appeared first on Insurance Journal.

Confie Eyes More Expansion, Push Into Standard Lines

Don Jergler — Thu, 10 Jan 2013 22:59:57 +0000

In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the Buena Park, Calif.-based insurance agency said …

The article Confie Eyes More Expansion, Push Into Standard Lines appeared first on Insurance Journal.

N.Y. Sen. Schumer: Officials in Intense Lobbying Effort for Federal Sandy Aid

Mon, 03 Dec 2012 17:59:40 +0000

New York Sen. Charles Schumer says New York expects to get tens of billions of dollars in federal money to cover damages from Superstorm Sandy.However, the Democrat told a news conference Sunday that it’s not a done deal. He says …

The article N.Y. Sen. Schumer: Officials in Intense Lobbying Effort for Federal Sandy Aid appeared first on Insurance Journal.

N.Y. High Court Says Affair Is Medical Malpractice

Fri, 30 Nov 2012 15:47:09 +0000

New York’s highest court says it was medical malpractice for a Long Island family doctor to have an affair with a married patient he treated for anxiety and depression but also ruled she shares fault since they both sought repeated …

The article N.Y. High Court Says Affair Is Medical Malpractice appeared first on Insurance Journal.

New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims

Fri, 30 Nov 2012 14:16:13 +0000

New York Governor Andrew Cuomo on Thursday imposed emergency regulations on insurers to speed the processing of claims from hundreds of thousands of state residents whose properties were damaged or destroyed when Superstorm Sandy struck a month ago.Among the measures …

The article New York Gov. Cuomo Orders Insurers to Speed Up Sandy Claims appeared first on Insurance Journal.

Firms Partner to Offer Entertainment Insurance in Louisiana, Gulf South

Thu, 29 Nov 2012 17:23:17 +0000

New Orleans-based Maginnis Film & Entertainment Insurance Services LLC (MFEIS) and Reiff & Associates LLC announced a strategic partnership to provide insurance to the film and entertainment industries in Louisiana and the Gulf South region. Led by President Emory Maginnis, …

The article Firms Partner to Offer Entertainment Insurance in Louisiana, Gulf South appeared first on Insurance Journal.

Far Rockaway in NYC’s Queens Borough Copes With Sinkholes After Sandy

Thu, 29 Nov 2012 17:10:44 +0000

Residents in Far Rockaway in New York’s Queens borough are now coping with sinkholes in areas that seemed stable before Superstorm Sandy. The city’s Department of Environmental Protection has determined that the holes were caused by damage to private water …

The article Far Rockaway in NYC’s Queens Borough Copes With Sinkholes After Sandy appeared first on Insurance Journal.

New York, New Jersey Put $71 Billion Price Tag on Sandy

Tue, 27 Nov 2012 03:56:41 +0000

New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates. The total, which could grow, came as New …

The article New York, New Jersey Put $71 Billion Price Tag on Sandy appeared first on Insurance Journal.

New York Sues Credit Suisse Over Mortgage Securities

Wed, 21 Nov 2012 15:58:37 +0000

New York Attorney General Eric Schneiderman brought a lawsuit on Tuesday accusing Credit Suisse Group AG of deceiving investors in mortgage-backed securities. Credit Suisse, Switzerland’s second-largest bank, misrepresented the quality of loans underlying residential mortgage-backed securities it sponsored and underwrote …

The article New York Sues Credit Suisse Over Mortgage Securities appeared first on Insurance Journal.

AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.

Wed, 21 Nov 2012 15:48:01 +0000

AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to survey damage in New York …

The article AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y. appeared first on Insurance Journal.

Attorneys Discuss Possible Triggers for Business Interruption Coverage

Tue, 20 Nov 2012 14:18:39 +0000

Superstorm Sandy devastated residents and businesses in the tri-state area. With a nearly unprecedented two-day closure of the New York Stock Exchange, as well as week-long closures of the metropolitan area’s mass transit system, New York’s financial services sector and …

The article Attorneys Discuss Possible Triggers for Business Interruption Coverage appeared first on Insurance Journal.

N.Y. Workers’ Comp Board Seeks Changes to Medical Treatment Guidelines

Mon, 19 Nov 2012 17:23:56 +0000

The New York State Workers’ Compensation Board has proposed new regulations to improve the medical treatment guidelines adopted in 2010. The proposed regulations, announced last week, aim to expedite the best medical care for injured workers and reduce medical costs. …

The article N.Y. Workers’ Comp Board Seeks Changes to Medical Treatment Guidelines appeared first on Insurance Journal.

New York Allows Out-of-State Lawyers to Help in Sandy

Mon, 19 Nov 2012 15:39:29 +0000

New York’s highest court has invoked a major disaster rule to allow lawyers from other states to practice in New York and help victims of Superstorm Sandy for free. The court can allow the free legal work for victims with …

The article New York Allows Out-of-State Lawyers to Help in Sandy appeared first on Insurance Journal.

N.Y. Gov. Cuomo: FEMA Program Will Cover N.Y. Home Repairs

Fri, 16 Nov 2012 17:49:08 +0000

Federally-paid contractors will do basic repairs so tens of thousands of New York victims of Superstorm Sandy can stay in, or return to, their damaged homes during major work, New York Gov. Andrew Cuomo and federal officials announced Wednesday. The …

The article N.Y. Gov. Cuomo: FEMA Program Will Cover N.Y. Home Repairs appeared first on Insurance Journal.

Some Sandy-Damaged Manhattan Office Buildings to Reopen Soon

Wed, 14 Nov 2012 15:49:22 +0000

Some Manhattan office buildings badly damaged by SuperStorm Sandy two weeks ago are coming back on line faster than even their owners predicted.One New York Plaza will allow the first group of its tenants to move back in next Monday, …

The article Some Sandy-Damaged Manhattan Office Buildings to Reopen Soon appeared first on Insurance Journal.

Delays in Power Restoration After Storm Anger N.Y., N.J. Residents

Tue, 13 Nov 2012 02:54:40 +0000

Utility companies in New York and New Jersey closed in on restoring power this past Sunday to the last of the 8.5 million customers who lost it during the superstorm two weeks ago and a subsequent nor’easter storm, but tens …

The article Delays in Power Restoration After Storm Anger N.Y., N.J. Residents appeared first on Insurance Journal.

Gov. Cuomo: Superstorm Sandy Could Cost New York State $33 Billion

Sun, 11 Nov 2012 21:35:52 +0000

Damage and economic losses from Superstorm Sandy will cost New York state $33 billion, Gov. Andrew Cuomo said last Thursday, and come just as state government runs up a deficit. Cuomo called the estimate “a lot of money, even for …

The article Gov. Cuomo: Superstorm Sandy Could Cost New York State $33 Billion appeared first on Insurance Journal.

NYS Workers’ Comp Board: E-Claims Reporting on Schedule for 2013

Thu, 08 Nov 2012 01:17:45 +0000

The New York State Workers’ Compensation Board announced this week the “eClaims,” the electronic reporting of workers’ injuries, is on schedule for a 2013 implementation. The Board said it released the implementation requirements, supporting documentation and schedule for eClaims — …

The article NYS Workers’ Comp Board: E-Claims Reporting on Schedule for 2013 appeared first on Insurance Journal.

Some Homeowners Unexpectedly Hit With ‘Windstorm Deductible’

Wed, 07 Nov 2012 17:57:03 +0000

In the immediate days after Superstorm Sandy, officials in the Northeastern states declared that hurricane deductibles would not apply to Sandy claims. Officials from northeastern states including New York, New Jersey and Connecticut said hurricane deductibles wouldn’t be applicable in …

The article Some Homeowners Unexpectedly Hit With ‘Windstorm Deductible’ appeared first on Insurance Journal.

New York, New Jersey Order Evacuations Ahead of New Storm

Wed, 07 Nov 2012 14:50:06 +0000

[The National Weather Service updated its nor'easter forecast Wednesday morning. The agency said this strengthening coastal storm will impact northeast Wednesday into Thursday. A low pressure system off the Mid-Atlantic coast will continue to strengthen as it moves north on …

The article New York, New Jersey Order Evacuations Ahead of New Storm appeared first on Insurance Journal.

Con Edison: 156,800 Customers in N.Y. Region Still Without Power

Tue, 06 Nov 2012 18:00:07 +0000

Consolidated Edison says power has been restored to more than 80 percent of its customers who were blacked out in the storm. The utility still had 156,800 customers without power at midday Monday. That included about 68,000 homes and businesses …

The article Con Edison: 156,800 Customers in N.Y. Region Still Without Power appeared first on Insurance Journal.

N.Y. Gov. Cuomo Eases Insurance Rules for Documenting Storm Damage

Tue, 06 Nov 2012 16:05:50 +0000

New York Gov. Andrew Cuomo said Monday, Nov. 5, that he is ordering insurance companies to ease rules on documenting Sandy-related damages during the claims filing procedure. The governor said that, at his direction, the Department of Financial Services is …

The article N.Y. Gov. Cuomo Eases Insurance Rules for Documenting Storm Damage appeared first on Insurance Journal.

NYC Completes Inspections of Dangling ‘Hurricrane’

Fri, 02 Nov 2012 22:25:55 +0000

Experts are reviewing plans to secure the arm of a crane that’s been dangling off a luxury high-rise in midtown Manhattan. City officials said on Thursday, Nov. 1, that inspections of the crane have been completed. Meanwhile, the city has …

The article NYC Completes Inspections of Dangling ‘Hurricrane’ appeared first on Insurance Journal.

N.Y. Gov. Cuomo: New Yorkers Won’t Have to Pay Hurricane Deductible for Sandy

Thu, 01 Nov 2012 14:35:28 +0000

New York Governor Andrew Cuomo announced Wednesday that New York homeowners will not have to pay potentially large hurricane deductibles on insurance claims stemming from damage caused by Sandy. New York joins other northeastern states — New Jersey, Maryland and …

The article N.Y. Gov. Cuomo: New Yorkers Won’t Have to Pay Hurricane Deductible for Sandy appeared first on Insurance Journal.

N.Y. Gov. Cuomo Says Long Island Hit Hardest by Sandy Power Outages

Wed, 31 Oct 2012 16:28:19 +0000

New York Gov. Andrew Cuomo said yesterday that 90 percent of Long Island utility customers were without electricity after Sandy ravaged the New York City metropolitan area. He also says hundreds of lives were saved by New York City police, …

The article N.Y. Gov. Cuomo Says Long Island Hit Hardest by Sandy Power Outages appeared first on Insurance Journal.

New York City Settles Lawsuit in Hot Playground Case

Fri, 26 Oct 2012 17:00:03 +0000

New York City has agreed to pay $17,500 to a Brooklyn family of a toddler scorched by playground equipment. The family of Paula Spolar had charged that irresponsible design at the Brooklyn Bridge Park resulted in their 1-year-old daughter suffering …

The article New York City Settles Lawsuit in Hot Playground Case appeared first on Insurance Journal.

N.Y. Group Calls on Workers’ Comp Board to Fully Implement Reforms

Mon, 22 Oct 2012 16:14:21 +0000

A local commerce association is calling on the New York State Workers’ Compensation Board to fully implement the workers’ comp reforms that were enacted in 2007. The group says the Board’s delay in fully carrying out the reforms has led …

The article N.Y. Group Calls on Workers’ Comp Board to Fully Implement Reforms appeared first on Insurance Journal.

Authorities Shut Down N.Y. Nightclub for Skimping on Workers’ Comp

Tue, 16 Oct 2012 14:00:33 +0000

A popular Brooklyn, N.Y., nightclub called “Amnesia” has been shut down because it apparently forgot to provide workers’ comp insurance for its staff, according to authorities. Brooklyn Daily, a local newspaper, reported this month that a stop-work order was issued …

The article Authorities Shut Down N.Y. Nightclub for Skimping on Workers’ Comp appeared first on Insurance Journal.