Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
New York Regulator Asks Insurers About Readiness for Cyber Threats
May 29 2013 // New York’s top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks earlier this year.New...
Greenberg Should Face Trial as ‘Deterrent,’ Says New York State
May 29 2013 // Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims against him, a lawyer for...
Greenberg Seeks Dismissal of Spitzer Reinsurance Lawsuit
May 28 2013 // New York’s highest court will hear arguments on Tuesday on whether to dismiss a lawsuit accusing Hank Greenberg of orchestrating sham transactions when he was head of insurance company American International Group...
New York Officials Urge Preparation for Hurricane Season
May 28 2013 // State officials are urging New York residents to prepare for hurricane season. The season starts June 1 and lasts through November. The National Oceanic and Atmospheric Administration said last week there is a 70 percent...
N.Y. Compensation Insurance Rating Board Seeks 16.9% Hike in WC Loss Costs
May 24 2013 // The New York Compensation Insurance Rating Board (NYCIRB) said it submitted to the state’s Department of Financial Services last week a loss-cost filing for an overall average loss cost change of +16.9 percent. A...
Crystal & Co. Exec Moves to Hub International in New York
May 24 2013 // Chicago-based broker Hub International’s Northeast division hired Scott Konrad as senior vice president and not-for-profit business practice leader.Scott KonradBased in Hub’s New York City office, Konrad will...
N.Y. Assembly’s Anti-Concurrent Causation Bill Moves Forward
May 24 2013 // The New York State Assembly’s insurance committee on Thursday approved a bill that would prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, is now eligible to...
$3.7B in Additional Sandy Relief Aid Announced for N.Y., N.J. Transit Agencies
May 24 2013 // U.S. Transportation Secretary Ray LaHood announced on Thursday an additional $3.7 billion in disaster relief funds to help the four major transit agencies in New York and New Jersey that sustained the greatest damage from...
N.Y. Assemblyman Takes Aim at Anti-Concurrent Causation Clauses
May 22 2013 // A New York State Assemblyman has introduced a bill that seeks to prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, was introduced on May 17 by Assemblyman Phil...
NFP P&C Services Hires 2 Account Executives in New York
May 20 2013 // NFP Property & Casualty Services (NFPPC) recently hired two account executives in its New York office. NFPPC said Janine Fleury joined the firm as a senior account executive in the commercial lines department,...
Allstate Sues 6 Physicians, Medical Corporations in New York
May 20 2013 // Allstate Insurance Company is seeking to recover $3.8 million against six physicians and five medical professional corporations in its third insurance fraud lawsuit of 2013. Since 2003, Allstate has filed 47 fraud lawsuits...
New York, Pennsylvania Rank High for Opioids Among Injured Workers
May 20 2013 // Editor’s Note: This is part of a team report on opioid use by injured workers. For the national story read: Opioid Epidemic Plagues Workers’ Comp The epidemic of opioid abuse and its impact on workers’...
NYC Tops List of Cities With Most Questionable Claims: NICB
May 20 2013 // New York City tops the list of U.S. cities with the highest number of questionable insurance claims, according to the latest analysis by the National Insurance Crime Bureau (NICB). The NICB’s annual look at...
Opioid Epidemic Plagues Workers’ Comp
May 17 2013 // Prev Next Drug Overdose Death Rates Drug overdose death rates in the U.S. more than tripled since 1990. In 2008, more than 36,000 people died from drug overdoses, and most of the deaths were caused by prescription drugs....
Boogaard Family Sues NHL for Son’s Death
May 17 2013 // The family of a National Hockey League player who died of an accidental overdose of pain medication and alcohol has filed a wrongful death lawsuit in Illinois against the NHL, blaming it for brain damage he suffered as an...
N.Y. Regulator Issues ‘Cease and Desist’ Order to Car-Sharing Firm RelayRides
May 16 2013 // New York’s top financial and insurance regulator on Wednesday ordered the peer-to-peer car-sharing service firm RelayRides to cease and desist what the regulators called the company’s “repeated false...
Hudson Insurance Group Now Writing Excess Business in New York
May 15 2013 // Hudson Insurance Group, the U.S. Insurance Division of Odyssey Re Holdings Corp. has received approval from the Excess Line Association of New York to write excess line business in the State of New York through Hudson...
8 Indicted in New York Over $2M Staged Auto Accident Conspiracy
May 14 2013 // New York authorities indicted eight defendants last week with mail fraud and conspiracy to commit mail fraud in connection with a scheme to defraud multiple insurance companies. According to the indictment, these...
Former New York Governors Tell AG: Drop Greenberg Suit
May 13 2013 // In an opinion piece published in today’s Wall Street Journal, two former New York governors are urging the New York Attorney General to stop the pursuit of Maurice “Hank” Greenberg in a case tied to...
New York Senate OKs Legislative Package to Fight Auto Insurance Fraud
May 10 2013 // The New York State Senate approved three bills that aim to cut down on auto insurance scams by increasing penalties for those who commit or assist in the fraud and by giving more flexibility to insurance companies to...
